FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ASI present trend

ASI present trend

Go down  Message [Page 1 of 1]

1ASI present trend Empty ASI present trend Thu Jan 09, 2014 6:04 am

nrod


Stock Analytic
Stock Analytic
2014-01-09 05:53:33

As I mentioned previously the present trend commenced on the 28th Nov'13, and we have now successfully broken out of  6000 points, which is gonna be the short term support. Based on the Fibonacci extensions between 28th Nov'13 to the 3rd Jan'14(the day we saw the ASI testing the 6000 resistance), the next resistance is at 6080 points which is not far off, and given the present momentum, we could see it's breached today the 9th Jan'14. But the next resistance will be 6176 which must be broken. If we fail then the support at 6000 and a resistance of 6100 will be tested, before a move up. The worst case will be a break down of the 6000 points and heading to 5880 to 5900 support. As of now, the present trend has yielded 329.61 points or 5.74% in 27 days. In the short term I will strickly follow my stops which is at 5880 for the ASI. But for the long term investments I have, my decision will be based on the numbers, and the prospects for those counters, and in the worst case I will sell off completely ONLY  if the price of the stock OR  the ASI COMES DOWN AND CLOSE BELOW the low of the present trend, i.e. 5735.68.

ASI present trend Proxy?url=http%3A%2F%2F1.bp.blogspot.com%2F-4pbnJWXxn1I%2FUs0avyDEY0I%2FAAAAAAAAAOk%2FaXddcMwtPR4%2Fs1600%2Fasipresenttrend

2ASI present trend Empty Re: ASI present trend Thu Jan 09, 2014 8:10 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Good one.. Thanks Wink It's been months I stopped analysin ASI..

Let me put this in a clear way why..

ASI is just an index, so it can give a hint on the direction of the market. Where it can halt, where the demand can deminish, where buyers can com in, whether the bulls wanna take it to the next level, etc... So all these are what if basis... Depends on support and resistance.
However, imo, what matters most is we identify future winners.. There are few with short-long term gains.. Even speculatives can give us a good capital gain hence we have to allocate 10-40% (as per one's risk bearing strategy) for those as well. After all, traders allocate 90-100% for day/swing trading Wink But I, on the other hand, allocate 20-60% (these days) for short term. So cannot forget the pocket money gain on these.

Then med-long term gains are golden when u dont wanna look at the monitor each days finding out positions to enter. U find a good share, wait it to fall to a certain level, enter slowly and avg up or down and stop when u collect the required amt. Same time, u find the other good shares and position ur self at the same time or when the right time comes. Then you can check your gains/losses weekly. The shares you bought can go down more so u need to enter slowly and accumulate slowly at various places.

I've always been with TJL, PLC for long term gains as their business models are somewhat good. However, in a time where rates are low, ppl will not consider much saving.. Better to start investing.

I'm a bit tired and lazy these days with the work load I have, so dont mind me asking this..
Suppose if market runs as a bull or stays sideways, what r the best shares u have in mind for short-med term gain?

I'm talking of a 10-30% gain within 3-8 months time..

3ASI present trend Empty Re: ASI present trend Thu Jan 09, 2014 9:03 am

nrod


Stock Analytic
Stock Analytic
Thanks smallville, yes it is so true that you must have a strong and consistent strategy when you trade/invest. small profits may be even as little as 5% withing few days adds to make a great gain in the end.

As a quick answer to your last question, regards the stocks. At the moment I'm focusing on the sectors that will benefit from the interest fall, which happened from last year, global recovery, local business env. etc. I think main ones will be the manufacturing, F&B, trading, motors. Apart from these I want to see how the plantation sector is gonna perform as this sector had under performed for the last 2 years or more. Also the top stocks in the SL20 which lagged in the last few years but had been stalwarts historically, one is hayleys. Let's see what we can fish out of the ocean. Cheers. Smile 

4ASI present trend Empty Re: ASI present trend Thu Jan 09, 2014 9:25 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think ur somewhere there  cheers 

Just analyse the companies and let us know so that we all can participate and have a good discussion..

5ASI present trend Empty Re: ASI present trend Thu Jan 09, 2014 11:39 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks nrod for this analysis and small for following up and bring more details. i think i'm too week in technical stuff and predictions, but these information are vital for us always. Keep it Up!

6ASI present trend Empty Re: ASI present trend Thu Jan 09, 2014 1:55 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It appears that technical analysis can  be applied to SL stock market again after 2009

I request authorities to  allow to continue this situation in SL stock market 

 Pl understand your role

 Pl allow public funds to make their own decision according to general guide lines

Most dangerous thing  in stock market  is govt manipulation

If you allow market forces to work technical analysis will be successful

precondition for technical analysis is large number of buyers and sellers who take independent decisions with profit motive



Last edited by D.G.Dayaratne on Fri Jan 10, 2014 9:20 am; edited 2 times in total (Reason for editing : typing error)

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum