Bull therapy 101-thread for technical analysis with the fundamentals


(sushilkc) #320

@PE_Ratio … I am not familiar reading charts so please can you help understand this better “Seems like it’s the end of wave A. If that’s the case, then it might retrace at least 31.8% of wave A on the upside in wave B, and then go down again in wave C.” What is the price you see when you say retrace 31.8% of Wave A on the upside in wave B


(PE_Ratio) #321

That was a typo. I actually meant 38.2%. Read this one for explanation


(Capsule91) #322

torrent pharma…

seems like correction ahead…

Disclaimer… not yet invested… will start building position on dips beside sip…


(phreak) #323

Big falls and small pullbacks has been the norm in most stocks having corp governance issues or downright book cooking. 8k Miles may not be an exception considering its resting in the support zone. The last time it bounced off 350 levels. This time it might do the same from around current levels. Optimism might start building up towards 17th when the company will announce its consolidated results. Risky though as the price-action suggests heavy manipulation even in the past.

Disc: No interest


(Capsule91) #324

Kridhan infra…

this was the wave 2 correction, a technical and a healthy one in kridhan infra…
i have serious doubt at the end of this , how much of weak hands are left in the system, although there is no sign of wyckoff accumulation as yet, the selling climax has not yet been reached, which will [most likely] have a spectacular volume surge…
the preliminary support has been established though with good volumes at 72…

Mean while the fundamentals are or track, although the timeline got a bit delayed, in the sense that , the VNC acquisition which was scheduled to be completed within fy18, got dragged into q1-q2 of fy19 due to NOC yet pending to be cleared from the banks…
The equity dilution is complete…
the balance sheet consolidation with VNC is scheduled to be from q2 onwards…
Meanwhile vnc having a good order book, almost 6x of kridhan’s annual present topline,and a 180cr order has been added recently with 15month completion timeline…
the company guides a 3x to 5x multiplication of the annual PAT post the merger…
Mean while, the subsidiary SWee Hong turnaround story seems to have been on track with its financial situation , indirect evidence being it bagging orders finally, back to back and 2 more left to be announced if acquired…
the stock seems to be trading at really cheap valuations, with the game changing vnc merger not yet even being priced in…

at the same time…
the correction seems to be over almost…
it was a characteristic wave 2, deep , bloody and fast… all the way down to the 78.6% of the previous motive wave…

Disclaimer… invested…


(Capsule91) #325

BLS international…

In reference and continuation to the previous post…

the correction i was waiting for to enter, has completed …
loks liek the start of a new motive wave… which should be the bullish wave 3…
this has a fundamental addition to it, in the fact that, BLS has been awarded contract with Ministry of Foreign Affairs, Italy in Singapore and commenced operation of processing Italian Visa Applications in Singapore from 2nd July 2018.
Still trying the estimate the opportunity size here and top line impact…
But hopefully punjab woes are finally behind us…
although any mishap from punjab has been nicely price in imo…

expecting heavy resistance in 174 and 200 region…
No signs of wyckoff accumualtion as yet…

Disclaimer… completed investment for this fy


(Capsule91) #326

Divis lab-

Disclaimer… not invested…


(PE_Ratio) #327

Posted this chart for AllCargo Logistics few months ago when the price was 147, that 5 waves up was complete and should correct down to 100 and then reverse. Couple of days ago, it dropped below 100 and then reversed.

But so far, it looks like only wave A has been complete. It should go up in wave B, and then come back again in wave C. If it does, then it should go well below 100 in wave C.

Fundamentally, increase in DPD volumes affected the numbers. Also their P&E segment is not doing so well. Company has been guiding that P&E should turn around in the last few quarters, but no luck so far. Next quarter numbers should show how DPD volume affects the numbers. Also the management said in the last con call that the would share the plan for the logistics park in the next con call.


(phreak) #328

Prakash could have more steam if it closes at 160 today. Management is at it again sending rosy dispatches of great volumes, capacity utilisation and operational efficiencies in Q1. Clear move to prop up the share price considering results should be coming in a few weeks anyway. Poor managements and corp governance has given rise to lot of profitable trading scenarios lately.


(Capsule91) #329

@phreakv6 @manivannan.g @hitesh2710 @Mehnazfatima @Agarwala @bheeshma
@dj123
Any technical views of the scary looking bank nifty ??


(phreak) #330

IMFA may have formed a bottom. A close above 20 DMA could start an uptrend.

Disc: Have a trading position


(Capsule91) #331

kridhan infra…

looks like a bottom has finally formed, wish there was more volumes to be very sure about it though…
a continuation of this analysis…

hammer candle formation in the 78.6% retracement level… with rsi in the weekly near over sold…

Disclaimer… invested, and averaging again…


(phreak) #332

Rain Industries - Similar setup as IMFA from my previous post which went according to plan. ATR compression, RSI, all indicate something’s coming.

Mirza - Hourly looks quite bullish.

Disc: Trading position in Rain. Investing/Trading in Mirza.


(Capsule91) #333

kridhan infra…

continuation of …


although its just Tuesday to call this as a morning star pattern yet, but with this new order coming in, at the supports, i guess, it will close well above the middle of the penultimate red candle to complete a morning star…

Kridhan Infra Limited (“KIL” or the “Company”) is happy to announce that its associate
company Vijay Nirman Company Private Limited (“VNC”) has won new orders worth INR
74.2Crores.
These orders encompass construction work at IGI Airport, Delhi. These orders are to be
completed within 5-7 months.

Disclaimer… invested…


(Capsule91) #334

tata power, bottom coming up…

Disclaimer… invested, planning to average at the bottom more


(Agarwala) #335

Breakout in Endurance
@The_Confused_Consult Please give your remarks about Endurance Technologies. Breakout has occurred after a period of consolidation.


(Capsule91) #336

gnfc…
as expected, tdi prices have softened, and should continue in the downtrend in both the export and import market as sadara, come online full streams with its capacity…
Although the management face saves by telling it wont soften much further, but i highly doubt the conviction… GNFC - The big becoming bigger!
Bull therapy 101-thread for technical analysis with the fundamentals

technically, the triangle looking pattern confirms the presence of a wave 4 as mentioned, but the macd position in the monthly, is very much suggestive of a good amount of correction to the bottom mentioned in the above post…before the wave 5 starts…


(phreak) #337

Ujjivan - Seems to be breaking out of the resistance trendline


(Capsule91) #338

Bhageria industry…

wyckoff accumulation…

Disclaimer… not invested, planning to invest post breakout


(Capsule91) #339

bls international…

continuation to the previous post…

seems buying climax soon should happen, either at the moving average resistance or more likely a bit higher at R2 weekly resistance…
end of wave 1 subwave of ongoing wave 3, should correct in ABC in wave 2…

then again, what just happened seems like bls is entering into a bullish zone and driving out of the hole…


here the current red horizontal level2 of the gann square that is being broken up, should act as a future support at 175…
another view of the breakout in the gann chart…
the 3x1 and 3x0 arc whcih stopped the previous high in the 200 vicinity, has been broken on this run, so a "change of character " of the arc from resistance to to follow through has occurred on this run… again asserting 175 level should be a good support on the next corrective wave…

So to sum up, although the expected support forms at the regions mentioned in the first chart , based on a poor q2 factoring in, but the current levels breakout, should also be considered as to be retested and might act as a successful test of support…

further looking at the rsi… in the daily, which is not yet over bought… and my custom indicator’s oscillators are far away from the red overbought zone, indicating, the broader [wave3 of higher degree ]up trend is far away from over and further ensuring the sub wave 3 and sub wave 5 are coming after this sub wave 2 correction…

Disclaimer… invested