Bull therapy 101-thread for technical analysis with the fundamentals


(manivannan.g) #280

This is daily chart of Everest Industries.

Price chart:
image

Can we say that the base is being formed at 450 levels and accumulation is going on ?

PS: I’m a very beginner with technical charts.


(Capsule91) #281

rushil decor on a downtrend post distribution, good chance of testing the yearly support…
Capacity addition in mdf segment[present capacity at 90pc utilization, expansion planned to 3x capacity]
and wpc vertical launch[jan 2018], together with massive underpenetration of both the commodities into the indian plywood alternative industry [visa via other developed markets] , raises a suspicion of the oncoming upcycle…
There is also a laminates division which has reached its optimum capacity[90pc]…
The debt to equity is 0.5…
There has been recent equity infusion by nonpromoters…
the stock is traking ar 32.86 price to earnings and 9 times the book value…
not cheap, was never cheap, given the concentration of big names both in the FPI and domestic institutions invested here…

Disclaimer… researching the fundamentals… not invested, interested…


(Capsule91) #282

monsanto…
on a fine base formation…


(Capsule91) #283

acrysil at supports…

For the fundamental developments, refer to the acrysil thread…Acrysil - Kitchen sinks

Disclaimer… invested


(Capsule91) #284

BLS international- After coming back on the growth visibility with a new UK contract which is the largest of all the contracts win by the company till date, and the punjab woes kind of soothed after the news that the punjab gov has allocated the receivables due to bls in the yearly budget[200cr ] and of that 30cr has already come in april…
The scrips now looks like one to be accumulated…
Finding the supports for the impending correction…

Disclaimer… invested


(Capsule91) #285

Could be accumulation…

But i think this is redistribution rather…
Most likely the floor of this would be around that blue 200day wilder moving average @411
the 200dma slip without volume surge , shows there are no strong hands left in the system as of now…


Note: current level of 450s is the yearly pivot level…
the yearly support is way below in the lower 300s…

For a accumulation i would like to see dramatic volume surge in the preliminary support and selling climax levels, none of which is there yet… hence accumulation now, is very less likely

looking at the weekly chart there is a massive distribution going on, which we see in the form of a head and shoulder pattern with the neck of it as the yearly pivot and the S1 support below, also the fibonacci primary ratio of 0.618 and the secondary derived ratio of 0.786 levels, around the Yearly s1 support, should be watched as other potential support areas…

Disclaimer… not invested


(manivannan.g) #286

Thanks for sharing your inputs :slight_smile:


(Hitesh Patel) #287

Another way to look at everest inds chart on longer term monthly time frame.


(Capsule91) #288

titan is due a much needed big correction… with bearish divergence in all the oscillators , the breach of the 59 level in the rsi , is ominous …the post berish cross of the macd with the signal is with a intensifying histogram, and with a bearish price macd divergence…

in the daily chart, the 3 point confluence of the moving average would be a short term support, but further correction is more likely, the head of the curve might be in the form of a potential head and shoulder formation?


(manivannan.g) #289

Control print is being accumulated as well also, we can see head and shoulder pattern on daily chart.


(Ankur Lakhia) #290

Hitesh bhai,

What is your view on Indigo? The size of opportunity is big & that is what I find the most attractive in this stock. However, this is capital intensive industry and Indigo has high level of borrowing and I am not sure whether it can achieve high level of RoCE consistently for long term. Would like to know your thoughts.


(Capsule91) #291

midcaps on suspected wyckoff reaccumulation, with spring formation likely in the wilder moving average supports…


(sathish kumar jalantran) #292

Hi,
What is your reading on coal India technical setup looks like?.

Regards,
Sathish


(Capsule91) #293

in continuation of the previous bls post…

this is significant head trauma…definite need for ATLS activation…:smile:

Discaimer… invested and looking to average


(Capsule91) #294

worth digging in the fundamentals here…
the market seems to be factoring something…


(divyansh ) #295

The trade seems to be working out well. Bajaj finance is outperforming the index. However I will be trimming my position to 1/3 and c how does the rest of it pans out. Another interesting pattern is emerging out of mindtree. It has consolidated long enough and is on the verge of breakout. Fundamental and results of the stock seem good.
Disc: have positions in both bajaj finance and mindtree from lower levels.


(Capsule91) #296

another interesting scrip to dig into the fundamentals, i believe wyckoff reaccumulation in phase b[may also have merged with phase c] is going on…

Disclaimer… not invested, bumped in to the chart, will start with fundamental analysis


(Capsule91) #297

one of the successful springs…

the technical gets interesting from here…


(Capsule91) #298

bottom out seems to be coming up in coming few months…


(phreak) #299

DCM Shriram - Pullback due to buyback. Had posted earlier around 250 when it was consolidating around 250 (200 WMA). Big volumes today and RSI looking good and MACD crossover could happen as well (confirmation). Money-flow as well shows oversold levels. SOTP valuation showed that it was trading at just Chlor-Alkali business valuation at Rs.250.

BSE - Pulling past the resistance trendline after 4.5 months

Disc: Have a position post big fall in DCM Shriram. Took a position in BSE yesterday looking for a breakout.