Wednesday, December 17, 2008

Screw Satyam - Rakesh Chandra

History repeats again. You must remember the day of Tata Steel with Corus. What happened the next day? Tata Steel changed in to Ghata (loss) Steel....i.e. massive downfall.

Now, the same with Satyam.
Every Indian must have question in his mind and they are ready and buy back at lower level.

Price is bearish below 237, which is a monthly pivot point.

Downwave (0-1) T1 : 214;
Downwave (2-3) T2 : 176;
Downwave (4-5) T3 : 15.

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