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+5
Ethical Trader
iham77
Nuinth
කිත්සිරි ද සිල්වා
SRIAS
9 posters
TJL Chart- - - 02-05-2014
SRIAS- Posts : 18
Join date : 2014-05-02
More on
http://sriastechnical.blogspot.com/2014/05/tjl-chart-02-05-2014.html
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
RSI above 70.
Does that means Get out ?
Does that means Get out ?
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
SRIAS- Posts : 18
Join date : 2014-05-02
කිත්සිරි ද සිල්වා wrote:RSI above 70.
Does that means Get out ?
overbought is used to describe a share price that has advanced to a point at which, historically, it has tended to reverse and move lower.
Nuinth- Top contributor
- Posts : 555
Join date : 2014-02-28
Location : Universe
Thx SRIAS.
Guess still trend is good with strong buying. But better to keep in touch with market movements.
Guess still trend is good with strong buying. But better to keep in touch with market movements.
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
I just looked at the RSI on Direct FN and it shows 53.91.
Wondering which one is accurate as the this shows downward trend already.
Can someone enlighten us here please?
Wondering which one is accurate as the this shows downward trend already.
Can someone enlighten us here please?
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
" />_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
iham77- Posts : 9
Join date : 2014-02-27
My direct fn shows 78.16 
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
So, which is to be taken as correct and is there any other source that we can verify this?
iham77 wrote:My direct fn shows 78.16
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
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Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
I think all these readings depends on your individual settings of the chart. If you have different settings you get different readings. Best thing is to consult the IT ppl of your broker.
SRIAS- Posts : 18
Join date : 2014-05-02
කිත්සිරි ද සිල්වා wrote:
කිත්සිරි ද සිල්වා RSI normally calculated by period of 14.
When your checking with 6 days chart u will get different figure.
RSI figure will change for daily,weekly,monthly and yearly chart.
Lux2014- Posts : 172
Join date : 2014-03-29
Location : Colombo
SRIAS wrote:කිත්සිරි ද සිල්වා wrote:RSI above 70.
Does that means Get out ?
overbought is used to describe a share price that has advanced to a point at which, historically, it has tended to reverse and move lower.
Please correct me, if I'm wrong.
I have read somewhere that we can afford to ignore an over-bought situation to some extent, when there is a clear bullish trend for the stock. I assume TJL is on an uptrend as it has achieved a high recently.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
You are absolutly correct, because RSI is only a tool which uses past data. It canot read the future or general investor sentiment. All technical tools give signals but we must be able to use them with other background data and general investor sentiments. Tools are usefull but we should not blindly follow them.Lux2014 wrote:SRIAS wrote:කිත්සිරි ද සිල්වා wrote:RSI above 70.
Does that means Get out ?
overbought is used to describe a share price that has advanced to a point at which, historically, it has tended to reverse and move lower.
Please correct me, if I'm wrong.
I have read somewhere that we can afford to ignore an over-bought situation to some extent, when there is a clear bullish trend for the stock. I assume TJL is on an uptrend as it has achieved a high recently.
SRIAS- Posts : 18
Join date : 2014-05-02
Lux2014 wrote:SRIAS wrote:කිත්සිරි ද සිල්වා wrote:RSI above 70.
Does that means Get out ?
overbought is used to describe a share price that has advanced to a point at which, historically, it has tended to reverse and move lower.
Please correct me, if I'm wrong.
I have read somewhere that we can afford to ignore an over-bought situation to some extent, when there is a clear bullish trend for the stock. I assume TJL is on an uptrend as it has achieved a high recently.
Lux2014 I just gave my prediction.
I also mention there "If the volume reduce in coming days pull back will occur."
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
http://investorsentiment.forumotion.net/t645-11-rules-for-anyone-who-uses-charts#3406
Lux2014- Posts : 172
Join date : 2014-03-29
Location : Colombo
Mr Srias,
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
marusira- Posts : 138
Join date : 2014-02-23
18.50-19Lux2014 wrote:Mr Srias,
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
SRIAS- Posts : 18
Join date : 2014-05-02
Lux2014 wrote:Mr Srias,
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
If volume maintain close to 1.5 mn each trading day,Stock can go Rs.2 up from current point.
Last edited by SRIAS on Sun May 04, 2014 9:35 pm; edited 1 time in total
Lux2014- Posts : 172
Join date : 2014-03-29
Location : Colombo
Thanks a lot Mr SRIAS and Mr Marusira.
CSE.SAS- Posts : 263
Join date : 2014-02-23
SRIAS wrote:Lux2014 wrote:Mr Srias,
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
If volume maintain close to 1.5 mn each trading day,Stock can go Rs.2 up from current point.
I don't think TJL can go Rs.2 more.
Lux2014- Posts : 172
Join date : 2014-03-29
Location : Colombo
Another "community driven site" has predicted TJL to go up to 25/=.
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
Lux2014 wrote:Another "community driven site" has predicted TJL to go up to 25/=.
Is it a "commu-nuty " driven site ?
CSE.SAS- Posts : 263
Join date : 2014-02-23
SRIAS wrote:Lux2014 wrote:Mr Srias,
Thank you for your input.
If this is not a tall order, can I ask you this pl? -- If volumes hold, how high can we expect TJL to go?
If volume maintain close to 1.5 mn each trading day,Stock can go Rs.2 up from current point.
SRIAS as you said TJL had 2.9 million volume and price touched 19 rupees
CSE.SAS- Posts : 263
Join date : 2014-02-23
Some one manipulating the TJL oder book.
Around 10 am only 143,00 buyer
In 5 mins following buyer came at following pricce.
250,000 @ Rs.18.50
100,000 @ Rs.18.30
100,000 @ Rs.18.30
and
200,000 @ Rs.18.00.
Be aware of this stock.
Around 10 am only 143,00 buyer
In 5 mins following buyer came at following pricce.
250,000 @ Rs.18.50
100,000 @ Rs.18.30
100,000 @ Rs.18.30
and
200,000 @ Rs.18.00.
Be aware of this stock.
Lux2014- Posts : 172
Join date : 2014-03-29
Location : Colombo
What could be their intention? To drive it down?
CSE.SAS- Posts : 263
Join date : 2014-02-23
Lux2014 wrote:What could be their intention? To drive it down?
now see the TJL order book.
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