Technical Analytics & Charts (3)

Sorry,Every one
I'd rather see few more dips (like the one we had recently), to collect more shares.
It will be so healthy to the market

Possible 50-60 Points down to retest the 50MA you mean

I am posting TJL chart in it i have indicated my view on ASI view.

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This my personal view and may not necessarily the views of most of our SLEF members. I am trying to identify and map the future pattern of ASI with limited knowledge i have gained over the years. So all are free to comment

The ASPI chart is attached herewith.

Your views are appreciated.

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Those who are holding fundamentally strong shares need not worry too much on the upcoming Market movements and should consider any correction of pull back as opportunity to accumulate more of same shares. After any pull back the market direction will resume as normal to previous HIGHS.

One thing SLEF members should note is to be careful when using Margin facility to Invest long-term say 1 year or more. There could be temporary setbacks when using Margin facilities but should be well aware of the Risk involved and mentally should be well prepared to hold any pressure situations.


SHARK

The views expressed here are my personal biase and not meant to create any panic.

As i have noticed previously some members tend to interpret my biaseness as some hidden agenda to collect shares at lower.

members with common-sense should realise that what i am advocating is to prepare each and every member browsing SLEF to be well prepared should a situation arise similar to what we discuss before hand. So that they can better take corrective action by holding to good shares and what moves they should take once the pull back is complete.

The Bullish trend then should continue towards greater heights over Min 7700 on ASI.

Appreciate your comments.....

SHARK

Shark,
Can you pls do a chart analysis on MADU
Thanx

Flag, Pennant (Continuation)

Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.

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Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.

Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.

Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and lows, the price action just needs to be contained within two parallel trend lines.

Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.

Duration: Flags and pennants are short-term patterns that can last from 1 to 12 weeks. There is some debate on the timeframe and some consider 8 weeks to be pushing the limits for a reliable pattern. Ideally, these patterns will form between 1 and 4 weeks. Once a flag becomes more than 12 weeks old, it would be classified as a rectangle. A pennant more than 12 weeks old would turn into a symmetrical triangle. The reliability of patterns that fall between 8 and 12 weeks is debatable.

Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.

Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. An expansion of volume on the resistance (support) break lends credence to the validity of the formation and the likelihood of continuation.

Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.

Even though flags and pennants are common formations, identification guidelines should not be taken lightly. It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation and resumption to augment the robustness of pattern identification.

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HPQ[HPQ] provides an example of a flag that forms after a sharp and sudden advance.

Sharp Move: After consolidating for three months, HPQ broke above resistance at 28 to begin a sharp advance. The 5-April high and 16-Feb trend line marked resistance and the breakout occurred with a volume expansion. The stock advanced from 28 to 38 in a mere 4 weeks. (Note: It is also possible that a small pennant formed in early May with resistance around 31).

Flagpole: The distance from the breakout at 28 to the flag's high at 38 formed the flagpole.

Flag: Price action was contained within two parallel trend lines that sloped down.

Duration: From a high at 38 to the breakout at 36, the flag formed over a 23-day period.

Breakout: The first break above the flag's upper trend line occurred on 21-June without an expansion of volume. However, the stock gapped up a week later and closed strong with above-average volume (red arrows).

Volume: To recap - volume expanded on the sharp advance to form the flagpole, contracted during the flag's formation and expanded right after the resistance breakout.

Targets: The length of the flagpole measured 10 points and was applied to the resistance breakout at 36 to project a target of 46.

As we go into different phases in a Bull Market, we should shed the speculative shares to a more robust fundamentally strong caps. If we look at back we tend to see how these fundamentally strong caps have rallied since then some even out performed ASI.
So next phase is very critical to hold some of the best shares which fit into this definition.

I urge all members new and old veterans and amateurs in SLEF to concentrate in the fundamentally strong shares.

These shares will be very expensive in the next phase of the bull run. We should not let any correction/pull back go un notice and collect as much we can as these shares will be scarce an very expensive, until we see another bear rally.

SHARK aka TAH wrote:I urge all members new and old  veterans and amateurs in SLEF to concentrate in the fundamentally strong shares.

These shares will be very expensive in the next phase of the bull run. We should not let any correction/pull back go un notice and collect as much we can as these shares will be scarce an very expensive, until we see another bear rally.

Shark

I also has some to say. Mama tikak ra wela dannam.

I am currently in studying mood.
Mata paduwe inna bari nisa eka eka eve type karanwa.

SHARK aka TAH wrote:I urge all members new and old  veterans and amateurs in SLEF to concentrate in the fundamentally strong shares.

These shares will be very expensive in the next phase of the bull run. We should not let any correction/pull back go un notice and collect as much we can as these shares will be scarce an very expensive, until we see another bear rally.

YOU mean shares like CINV GUAR JKH COMB.....etc. But I think JKH COMB already moved. beside they are already very expensive.

How much of appreciation (in % percentage wise) are you expecting?????

SHARK aka TAH wrote:The ASPI chart is attached herewith.

Your views are appreciated.

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Those who are holding fundamentally strong shares need not worry too much on the upcoming Market movements and should consider any correction of pull back as opportunity to accumulate more of same shares. After any pull back the market direction will  resume as normal to previous HIGHS.

One thing SLEF members should note is to be careful when using Margin facility  to Invest long-term say 1 year or more. There could be temporary setbacks when using Margin facilities but should be well aware of the Risk involved and mentally should be well prepared to hold any pressure situations.


SHARK

Its much safer ASI trend closer to 200MA, so a kind of consolidation and BUYING time before further upward momentum is much prudent if we are to entertain a pro longed BULL RUN

This is why in an overheat market a cooling off period by way of Symetrical or Horizontal Pattern would be welcome. This will give enough time to catch the breath before it takes its course for a upward move

With PE to be held in Jan 2015, its time CSE takes a breather.

SHARK aka TAH wrote:

SHARK aka TAH wrote:The ASPI chart is attached herewith.

Your views are appreciated.

[You must be registered and logged in to see this image.]

Those who are holding fundamentally strong shares need not worry too much on the upcoming Market movements and should consider any correction of pull back as opportunity to accumulate more of same shares. After any pull back the market direction will  resume as normal to previous HIGHS.

One thing SLEF members should note is to be careful when using Margin facility  to Invest long-term say 1 year or more. There could be temporary setbacks when using Margin facilities but should be well aware of the Risk involved and mentally should be well prepared to hold any pressure situations.


SHARK

Its much safer ASI trend closer to 200MA, so a kind of consolidation and BUYING time before further upward momentum is much prudent if we are to entertain a pro longed BULL RUN

This is why in an overheat market a cooling off period by way of Symetrical or Horizontal Pattern would be welcome. This will give enough time to catch the breath before it takes its course for a upward move

With PE to be held in Jan 2015, its time CSE takes a breather.

Shark

Firstly let me thank you for the effort & time taken to enlight our members on future market prospects.

It is natural that people to go behind stocks sometimes which are not fundamentally sound due to the trends in the market. As you tend to follow stocks rather than trying to buy at a price you are comfortable with. This approach would be fine if you act within certain guidelines such as cut loss policies.

For me some stocks will not be junk stocks depending on the price you enter in.
EX-JKH also be junk if you buy @ 300/- and also if you can buy GREG.N @ 15/- it will not be a  junk @ current market context.So for me buy signals will change depending on the market  forces/sentiment for short term investments.

As you said it is less risky to be investing in Fundamentally good counters @ attractive prices.
EX- LIOC@47, DIAL@11, COMB@150, TJL@18/-
Which will help to have good night's sleep with low risk.But some times the returns will be be low than a second tear stock.
EX-COCR,CFVF,CDB

I think as an investor you should understand your game plan & stick to it without deviating from it.
EX-If u bought a stock today to sell today u should do it or max tomorrow early morning sell at a profit or loss.

What i feel is CSE showing this kind of positivity after more than 3 years. So i am not blaming guys who are trying to maximise their returns by taking risks.

So what is important is when trading you should adopt methodologies to minimise losses.Especially by not aiming for higher returns from a trading stock,
EX- Should not expect 50% returns from a trading stock with in one or two days,

Note- I am not promoting our friends to buy low level counters just a thought only.

Thanks.

Thanks a lot Shark !

Thanks RPPA & Nitro

RPPA wrote:

SHARK aka TAH wrote:

SHARK aka TAH wrote:The ASPI chart is attached herewith.

Your views are appreciated.

[You must be registered and logged in to see this image.]

Those who are holding fundamentally strong shares need not worry too much on the upcoming Market movements and should consider any correction of pull back as opportunity to accumulate more of same shares. After any pull back the market direction will  resume as normal to previous HIGHS.

One thing SLEF members should note is to be careful when using Margin facility  to Invest long-term say 1 year or more. There could be temporary setbacks when using Margin facilities but should be well aware of the Risk involved and mentally should be well prepared to hold any pressure situations.


SHARK

Its much safer ASI trend closer to 200MA, so a kind of consolidation and BUYING time before further upward momentum is much prudent if we are to entertain a pro longed BULL RUN

This is why in an overheat market a cooling off period by way of Symetrical or Horizontal Pattern would be welcome. This will give enough time to catch the breath before it takes its course for a upward move

With PE to be held in Jan 2015, its time CSE takes a breather.

Shark

Firstly let me thank you for the effort & time taken to enlight our members on future market prospects.

It is natural that people to go behind stocks sometimes which are not fundamentally sound due to the trends in the market. As you tend to follow stocks rather than trying to buy at a price you are comfortable with. This approach would be fine if you act within certain guidelines such as cut loss policies.

For me some stocks will not be junk stocks depending on the price you enter in.
EX-JKH also be junk if you buy @ 300/- and also if you can buy GREG.N @ 15/- it will not be a  junk @ current market context.So for me buy signals will change depending on the market  forces/sentiment for short term investments.

As you said it is less risky to be investing in Fundamentally good counters @ attractive prices.
EX- LIOC@47, DIAL@11, COMB@150, TJL@18/-
Which will help to have good night's sleep with low risk.But some times the returns will be be low than a second tear stock.
EX-COCR,CFVF,CDB

I think as an investor you should understand your game plan & stick to it without deviating from it.
EX-If u bought a stock today to sell today u should do it or max tomorrow early morning sell at a profit or loss.

What i feel is CSE showing this kind of positivity after more than 3 years. So i am not blaming guys who are trying to maximise their returns by taking risks.

So what is important is when trading you should adopt methodologies to minimise losses.Especially by not aiming for higher returns from a trading stock,
EX- Should not expect 50% returns from a trading stock with in one or two days,

Note- I am not promoting our friends to buy low level counters just a thought only.

Thanks.

I prefer fundamentally sound but not popular like LIOC, TOKYO,.. etc
Just like JINS

DirectFn doesn't show the chart of 15th October..
any one help me..

All are eagerly waiting for teh Quarterly Reports by the Month End

Congratulation ..NC

You are valued member in this forum.Thanks for your good work..!!

This is the LIOC Chart.

Currently near @61.8% pullback 47.50, will this trigger further upside to 53-56

A more conservative correction would be 46.50-45.50, due to its bullish nature will this move stop its slide @ 47.50-47.00 and move to its rightful target 53-56+

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SHARK aka TAH wrote:I urge all members new and old  veterans and amateurs in SLEF to concentrate in the fundamentally strong shares.

These shares will be very expensive in the next phase of the bull run. We should not let any correction/pull back go un notice and collect as much we can as these shares will be scarce an very expensive, until we see another bear rally.

Yes I agree with you. Lot of shares may become expensive by 2016. As some stocks and sectors are in their initial stage of their major rally they are the ones that we should watch. Even 52 high stocks can go higher and higher in bull market while having minor volatility, pause and pullbacks time to time. Pull backs and these types of volatility in bull market create opportunities. Why don’t we pay attention to value stocks and undervalued sectors? Still momentum and growth stocks will go up in a major uptrend. There should be some sort of risk management as well. According to the phase we should build our portfolio. Second phase of bull market can last for a longer period. Good luck!

SHARK aka TAH wrote:This is the LIOC Chart.

Currently near @61.8% pullback 47.50, will this trigger  further upside to 53-56

A more conservative correction would be 46.50-45.50, due to its bullish nature will this move stop its slide @ 47.50-47.00 and move to its rightful target 53-56+

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So far very happy with the movement, only issue is lack of funds to invest

Regarding ASIY i must say The Selling from the Main SH is increased Jul-Sep is around 6.3 Million compared 3.1Million Apr-Jun 2014.
In October so far no selling from this Main Share Holding Account

For all those shuffling shares.... in CSE

SHARK aka TAH wrote:Regarding ASIY i must say The Selling from the Main SH is increased Jun-Sep is around 6.3 Million compared 3.1Million Apr-Aug 2014.
In October so far no selling from this Main Share Holding Account

If we go by the Last quarter they should start selling from November 15th They seem to sell without affecting too much MP. This is some what prudent. But progress of share appreciation is hampered. now they will start selling around 3.60 levels.

We had seen 3.20/3.40 previously

Looks a big Offer came in @3.60 is this a Main Share Holder putting a SELL order .. lets see if it fills, through CSE website and Market Disclosure by next week or so.

This S***** I**** should find a private Investor by way of PP and get rid what ever no of shares they want to shed and bug off .... selling little and buying time for some one to come in or what ? is that their game tactics .... ?

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Target Retracement @88.6% Lets see how this will progress from now onwards

SHARK aka TAH wrote:[You must be registered and logged in to see this image.]

Target Retracement @88.6% Lets see how this will progress from now onwards

I can't see this coming below 7170. It must reverse.