Contrarian investing using technical analysis


(Ameetmehtadesign) #84

JP GROUP seems to be going for a revival…JP Associates already appears in a Leading diagonal, however, posting below the chart of one of it’s group co. JP Power, which seems to have been done with the correction of 2nd as well…


(PE_Ratio) #86

This is not valid Elliott Wave count. Wave 4 can’t enter the territory of Wave 1.


(Ameetmehtadesign) #87

Haha! Dear PE_Ratio!, It can in the case of Diagonals, which seems to be the case here (Leading Diagonal).


(PE_Ratio) #88

Yeah, you are right. It’s leading diagonal formed in wave (1). Sorry I didn’t consider it as a diagonal since to me it looked like a channel at first with no convergence.


(sarthak kumar) #89

Hello,

Anybody willing to call a bottom on lupin.

Thanks


(ilovestockmarket) #90

Hello Mehnazfatima,

What trends do you see for Lupin and Tata Motors, both stocks have been beaten to death due to various reasons and looks like a bargain to me from long term (5+ years) perspective. Does technical chart suggest another decline for Telco till 280 and for Lupin till 650 ??


(yourraj) #91

Could you please help that how one can determine and measure the pole height ?


(Mehnazfatima) #92


(rajidse) #93

Technical views on Piramental Enterprise. Is correction over ?


(divyansh ) #94

According to me , it looks really weak on the charts. Has been underperforming the nifty. Nifty is at a monthly high and piramal at a monthly low. Since there are no new drivers for the market to go up , if the range of 10000 to 11000 continues for the index… any meaningful correction for index might lead to new 52 week low for piramal. The only saving grace/element would be good quarterly results which might change the downtrend or support the valuations


(Mehnazfatima) #95

Looks like I got the turnaround in IT sector correctly.


#96

@Mehnazfatima

Views on hikal please ?

The price action is going on with its volatility, no strict evidence of absorption of supply, no sustainable demand in the price action…
Charts are totally inconclusive to me…

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