Bull therapy 101-thread for technical analysis with the fundamentals

(preetkaran) #1071

SBI forming cup and Handle, may go up

(phreak) #1072

Remember this?

That’s how it played out. All those articles were placed just as in Indian Bank case from earlier.

(Amit Jain) #1073

well played with Edelweiss. Short the news…

(NoobsterKing) #1074

Hello all senior boarders, have a specific question regarding the TA approach.How do you short in Indian markets in delivery terms ( not intraday). Have been trying to look at some method through which we can play the downfall as well.

(narmad) #1075


(manivannan.g) #1076

The smallcaps broke the trendline as expected (1% down from yesterday’s close), one can expect more downside.

Disc: Not a reco.

(manivannan.g) #1077

From this point, we are already down by 3.7%. Guessing we are gonna go down bit more as per the trend lines. And plotted the support levels.

For the current downfall, the the Oct-2018 lows will try to act as a support, if that’s breached expect it to get the next support at Dec-2016’s double bottom level. Which seems more likely. In case of major fall, we will be back to 2015 range.

(manivannan.g) #1078

When OCCL announced buyback, the stock immediately rushed to the 1150 and stayed there itself, stayed like a dead dodo. Thanks to the daily buyback, which lasted for around 2months. Once the (only) buyer is gone, the stock has tumbled.

Over the last two+ months, they managed to buy back about 180,000 shares till Friday the 8th of Feb. The average volumes of this stock are a ludicrously tiny 4,000 shares a day, and typically a good portion of the volume has been because the buyer is, well, the company itself.

And then, today, someone hit the stock with a massive 120,000 share order, and in a few minutes the big buyer was gone. The 120,000 shares meant that the buyback was over. The company cannot buy back more shares, because they have the upper limit of R.s 35 cr. on the buyback.


Oriental Carbon and Chemicals Ltd
(Praveen Shekhar) #1079

Good job on the volumetric accumulation and distribution analysis. Also what can be seen is breakaway gap and run away gaps with volumes (circled accumulation by you) and exhaustion gap (right below circle marked distribution). Notice the lack of volumes on exhaustion gap which closed very soon. Also notice the rising expanding wedge breakdown there shown below. Have shown both daily and weekly so indicators can be judged better. Seems 113 is imminent. On monthly pattern looks like a bearish flag breakdown.

No holdings. Posted just for the benefit of those trying to learn patterns and different views

(Praveen Shekhar) #1080

No i dont see textiles much but charting can be done nonetheless.

(Praveen Shekhar) #1081

Interesting how different views and the way one looks at charts can have same results in targets. your rounded top is also, in effect a complex H&S pattern with 1450 peak to 1100 neckline which gives 350 points downside target from 1100 or 750, which was done also splendidly by the pattern. Since not much can be inferred to even by monthly indicators as to further downside, quarterly support seems to be poised at 505. Also note the rectangle breakdown on monthly also suggesting further slide. Fundamentally, a buy around CMP would be fine for 50% and another buy at either 505 on slide, or above 660 for balance 50% on confirming bottom in place.