Major losers of the past week

1. Tata Steel : Down 14% for the week, now testing 200-day EMA and 61.8% correction level
[Thank God, bought it at right time and sold it at perfect time, a probable re-entry, if correction holds for some time]
2. Satyam : Down 8%, c-leg is testing low of a-leg in elliot wave analysis
3. BHEL : Down 8%, now testing 61.8% correction level
4. TCS : Down 8%, now testing previous top
5.Hindalco : Down 7%,, falls into 2nd corrective

[For all those who is not aware 61.8% correction level is known as golden ratio and treated to be with special properties and good re-entry point]


Learn the basics: http://knowmarket.blogspot.com/