DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000)

I never expect Rs.2.00 price movements within six months. otherwise, you will have to keep a long-period. better to sell and buy plantation profitable co.s

ELPL N better than others. most of plantations have big losses.

huge buying 16-16.40

16..............17..........18

SUMIHIRI PANE17++++

when it up go for MELS (holding Company)

sumihir ipane17 :bounce:18 :bounce:20

SUMIHIRI PANE1  18  19  21

SUMIHIRIPANNE 52 high 32

@Eranga87 wrote:I never expect Rs.2.00 price movements within six months. otherwise, you will have to keep a long-period. better to sell and buy plantation profitable co.s

ELPL N better than others. most of plantations have big losses.

Better than Teller

https://www.lankabusinessonline.com/fitch-affirms-melstacorp-outlook-stable-3/

Good volume

after the heavy tax by budget why is the share moving up any information? and is a dividend on the way?

CSE works in opposite direction. Negative outcome shares going up, positive income shares coming down it’s collection at low and profit taking effect

Still wonder why HJ has let DIST to play like this..,..

Yes dividend is on the way...

Any reason ?

@RJ1010 wrote:CSE works in opposite direction. Negative outcome shares going up, positive income shares coming down it’s collection at low and profit taking effect

ANC will talk,

@Dilendra23 wrote:after the heavy tax by budget why is the share moving up any information? and is a dividend on the way?

Who imposed the heavy tax

@soileconomy wrote:Still wonder why HJ has let DIST to play like this..,..

DIST
Today we can see some BULL attacks to DIST. May be price can go up soon.
MELS already passed Rs.65/-
But, DIST stay 22 - 24 range for long period. It also can move at any unexpected time like AEL.
Q1 during Covid quarter EPS 0.21.
But, Q2 EEPS 0.57.
Q3 can be better during December festival season.
Any how, DIST is a strong company and with the increase of ASI to new higher of 8000, this price also should adjust.
Watch now.

At the end of trading, It's clearly witness bullish patter in DIST.
This is one of, non moving share during last 2 - 3 months.
I can see something is happening here, because MELS price gone from 35 to 65, but DIST has not moved yet.
As per below, www.investing.com mentioned as "STRONG BUY".
If some one expert in Technical charts, can explain this?
--------------------------------------------------------------
DIST Technical Analysis
Weekly
Summary:
STRONG BUY

Moving Averages : BUY Buy (12) Sell (0)
Technical Indicators : STRONG BUY Buy (7)Sell (0)

Pivot Points Jan 22, 2021 01:22PM GMT

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 20.60 21.40 22.90 23.70 25.20 26.00 27.50
Fibonacci 21.40 22.28 22.82 23.70 24.58 25.12 26.00
Camarilla 23.77 23.98 24.19 23.70 24.61 24.82 25.03
Woodie's 20.96 21.58 23.26 23.88 25.56 26.18 27.86
DeMark's - - 23.30 23.90 25.60 - -

Technical Indicators Jan 22, 2021 01:22PM GMT
Name Value Action
RSI(14) 76.971 Overbought
STOCH(9,6) 68.795 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 1.760 Buy
ADX(14) 32.511 Buy
Williams %R -1.316 Overbought
CCI(14) 149.3712 Buy
ATR(14) 1.5500 Less Volatility
Highs/Lows(14) 3.3214 Buy
Ultimate Oscillator 72.491 Overbought
ROC 32.432 Buy
Bull/Bear Power(13) 4.5860 Buy
Buy: 7 Sell: 0 Neutral: 0
Summary : STRONG BUY

Moving Averages Jan 22, 2021 01:22PM GMT
Period Simple Exponential
MA5 22.56
Buy 23.13
Buy
MA10 21.80
Buy 21.90
Buy
MA20 20.00
Buy 20.18
Buy
MA50 17.39
Buy 18.25
Buy
MA100 16.80
Buy 16.71
Buy
MA200 14.06
Buy 19.99
Buy
Buy: 12 Sell: 0
Summary : BUY

Who sold 5.2 million shares @ 18?

can expect a run soon