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500570, TATA MOTORS - MINDNMONEY INTRADAY SENTIMENT INDEX ESTIMATOR for 05/23/2012
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MINDNMONEY INTRADAY INDEX SENTIMENT ESTIMATOR for: 500570 : TATA MOTORS for 23 May 2012
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OPENING DAY TRADE SENTIMENT for 23 May 2012: EXTREME UPWARD [ NEUTRAL TO BULLISH ABOVE 264.30 ]
TRADING CALL for 23 May 2012: Hold, Buy on pullback, Sell on weakness, # watch out for profit booking, selling interest
LAST TRADING SHOWS: Short Covering (Volume: NORMAL)
MINDNMONEY INTRADAY SENTIMENT INDEX ESTIMATOR: [Index range: -9 to 9]
You need to calculate from INTRADAY MOST RECENT CYCLE (IMRC) (Not INTRADAY/DAY HIGH/LOW)
Need to recalculate, when Cycle,Trend changes and/or every 1 hour to find the sentiment at that time.
Start with 0,
1] If IMRC High is more than : 259.06 than add 1 Otherwise add -1.
2] If IMRC High is more than 266.66 than add 1 Otherwise add -1.
3] If IMRC High is more than 275.71 than add 1 Otherwise add -1.
4] If IMRC LOW is more than 251.84 than add 1 Otherwise add -1.
5] If IMRC LOW is more than 260.80 than add 1 Otherwise add -1.
6] If IMRC LOW is more than 267.80 than add 1 Otherwise add -1.
7] If IMRC or DAY AVERAGE is more than 254.54 than add 1 Otherwise add -1.
8] If IMRC or DAY AVERAGE is more than 264.45 than add 1 Otherwise add -1.
9] If IMRC or DAY AVERAGE is more than 271.21 than add 1 Otherwise add -1.
Conclusion:
If result is greater than 2 than Upward Move Possible, greater than 5 than More Upward Move Possible
If result is between -2 & 2 than Upward/Downward - Bothside Move Possible
If result is less than -2 than Downward Move Possible, less than -5 More Downward Move Possible
Last trading on 22 May 2012 Prices (BSE):
PC: 261.75 O: 266.50 L: 263.00 H: 269.40 A: 266.86 C: 264.80
Short term trend report for 500570 - TATA MOTORS as of 22 May 2012
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Overall Trend from last few weeks (approx):
PRICE TREND: DOWNWARD [-5]
DAILY HIGH: DOWNWARD [-6]
DAILY LOW: DOWNWARD [-6]
DAILY AVERAGE: DOWNWARD [-6]
Last few days trend (approx):
PRICE TREND: DOWNWARD [-6]
DAILY HIGH: DOWNWARD [-7]
DAILY LOW: DOWNWARD [-7]
DAILY AVERAGE: DOWNWARD [-7]
Disclaimer: This is a personal view or an opinion. Please study fundamentals of the script before investing. Market sentiment, news and announcement can change the trading behaviour.