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Topic: Technical Calls

Hi all,

Have a close look at Tantia Constructions if it can close above 125 with good surge in volume, then it is a sure shot buy. The Triange law suggests the upside is minimum of 160.

So all of you catch this only after a close of 125.

Moreover the company is fundamentally very very strong. Very very good order book and Good past performance. Above all there is least competition for this company, which operates mostly in the north-east india.

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news in this counter is Reliance MF Bought 30 lac shares @ avg price of 132

no one showed interest in this, when i gave a call @120. today it hit a high of 134.5 soon this will touch 160.

keep a watch ... i'm saying this again. it crossed the 125 level and closed above 125, that too with good volumes. so to me this stock will go northward by atleast 50% ( with in 1 quarter)

me to agry i m holding from 90 odd levels

Tantia constructions is making HIGHER LOWS SINCE mid of january. It has very less volumes, practically it almost nil. It is making a DESCENDING RIGHT ANGLE TRIANGLE FORMATION, WHICH HAS ALL PROBABILITY OF DOWN WARD BREAK OUT ONLY. I fear that the main criteria of SHRINKAGE OF VOLUME from high to low, during the formation of any type of triangle, is missing.. According to me the stock finds only a strong support at 107.10 levels. Ofcourse kiran kumar ji, these are my own views, of interpreting the charts. Thanks a lot for sharing your ideas. Keep posting. Take care Regards Saivenkat.

The stock doesnt appear heading for a breakout on the charts. It has some resistance around 128. Also it has been unable to remain above its 50 DMA around 130 for past many sessions while remaining sideways. Unless it crosses 130 anything above that looks far away.
However it is taking support at 100 DMA so if there is some positive trigger might get the right push.

Please sir explain briefly how do you find the breakout condition in it? I think it is in a side ways movement with poor volume, only positive think is thst it is trading near its 100 ema line.

Hi all, dont forget to keep track of this stock.

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