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Technical update 03/10/2022 - Maharaja

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1Technical update 03/10/2022 - Maharaja Empty Technical update 03/10/2022 - Maharaja Sun Oct 02, 2022 9:29 pm

Maharaja


Expert
Expert

Dear followers,

A superb and clear BULL flag has formed now. Tomorrow technically the BULL flag will break up and ASPI will cruise upwards testing 10100/200 levels once again. A break from this means 10800 on the cards immediately.

How market supported and absorbed all the margin selling shows how strong the buying pressure is. Also massive foreign buying is helping the upward trend. Maharaja expects good financial reports in the coming quarters.
Select fundamentally strong counters. Conglomerates can be attractive than penny stocks in this coming weeks.


*This is not financial advise. Please do your own research. Do not use above information to take any financial decision. 


Maharaja

2Technical update 03/10/2022 - Maharaja Empty Re: Technical update 03/10/2022 - Maharaja Mon Oct 03, 2022 12:35 pm

SamJay1974

SamJay1974
Expert
Expert

Maharaja wrote:Dear followers,

A superb and clear BULL flag has formed now. Tomorrow technically the BULL flag will break up and ASPI will cruise upwards testing 10100/200 levels once again. A break from this means 10800 on the cards immediately.

How market supported and absorbed all the margin selling shows how strong the buying pressure is. Also massive foreign buying is helping the upward trend. Maharaja expects good financial reports in the coming quarters.
Select fundamentally strong counters. Conglomerates can be attractive than penny stocks in this coming weeks.


*This is not financial advise. Please do your own research. Do not use above information to take any financial decision. 


Maharaja
What the hell happened today? Panic selling? Correction? Or ASPI heading towards 6000-7000?

Maharaja


Expert
Expert

LIOC & EXPO drop caused market panic. No fundamental reason for this drop. 
Tomorrow market will recover.


Maharaja

DeepFreakingValue

DeepFreakingValue
Manager - Equity Analytics
Manager - Equity Analytics

- LIOC dropped because of reduction in fuel prices and government limit on new petrol stations which affect their future earnings.
- EXPO dropped because it is simply over valued.
- BIL dropped because of the rumour of a rights issue.

Rupee is likely to be devalued against USD further.
Tourist Arrivals to fall short of 1 mn target.
TB Rates likely to reach 40% by December 2022.

Market is going to be red tomorrow as well.  
ASI Technically crossed the 200 day Moving Averages generating a downward trend.
Heading towards 8700.

Technical update 03/10/2022 - Maharaja Feinsj10

dayandacool and blindhog like this post

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