Thanks for the details note @Capsule91,
In Early trade, the price of Edelweiss is gyrating with 1.3M shares traded with downward bias.
Holding since around 2 years based on my fundamental view, for me it is not a trading position, but as l’m learning technical analysis, want to add to it or lighten it up the position by 10-15% of holding based on the technicals.
What I understood from your post is - there is no clear trend as of now.
Are you suggesting to wait for the weekly closing price ( above or below 317) and then take a call?
i will have a contra view on this,
there is no issue of the trend being questioned…
this action of today is going to expose if there is any weakness in the price action…
the day u posted ur query/view in this thread, the recent down trend line was retested on good volumes, i am not worried about todays action , nor the result… rather interested what market does…
and yes, a close above 317 this week , is all i am loooking for…
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edelweiss chart looking bearish in the short term…
bearish kicker candle stick pattern, there is going to be follow through of this…
Bls international results out…
topline flat qoq n yoy , lower expenses , improved margins qoq despite high tax outgo…
earnings up 18% yoy, 70% qoq.[consol]
finance cost continue to climb qoq and yoy…
212 cr of receivabes due persisting with the punjab gov…
as of last quarter 200 cr receivable was due from the punjab gov, 30 cr was received in april and more was expected to be received in this quarter, since punjab typically forms 25%of the topline revenue, 50.5cr of topline has been generated form this segment of the business…
so around 8.5cr of more receivables must have been received , to produce the balance amount…
in addition the punjab contract seems to have been given again to the subsidiary of the company post termination of the previous contract…
it will be interesting, as the company since the last 2 quarters, has been saying they will attempt to continue the contract , maybe on a reduced scale in punjab…
so its likely, that next quarter onwards, revenues form this segment of the business might not generate the numbers as in these quarters…
its almost irritating to see the finance cost climb when they have enough cash balance which is parked in the dubai subsidiary…
all over the guidance of 30 to 40percent pat growth seems achievable if they maintain the current run rate by the end of the year, as guided by the management…
mean while, the stock is constantly attempting to break the resistance, but high volume is being encountered and no result…
https://www.bseindia.com/xml-data/corpfiling/AttachLive/26b627e8-8ccd-49c5-aee9-337c35637ad2.pdf
will be interesting to note how the market takes this flat topline numbers tomorrow, which i think is factored in q1 being a bit soft quarter …
disclaimer… invested
continuation post…
vumen should be interesting in this new gann box that its entering in next week…
a successful break out above 237-242 to be watched…
disclaimer… invested
Looks like RAIN is all set for the upward movement, depending on the market mood + results though 
Several indicators confirms that a close above 250 level would pave way for the bulls. In case of bad results/sentiment, this may touch 130ish.
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bls international…
cont…
interesting day post result…
the punjab contract extended , but to be continued on a reduced scale…
The company has recently been awarded a new contract by the Punjab Government for a period of 5
years to operate 352 facilitation centres for providing 169 citizen centric services covering 16 districts of
Punjab and working with 22 departments
and acquisition news…
BLS E-Services Pvt. Ltd., a wholly owned subsidiary of BLS International
Services Ltd.today announced the acquisition of Delhi based Starfin India Pvt. Ltd., 3 Banking Business
Correspondent of India’s largest bank — State Bank of India.
The company has over 1500 active customer service centresand will aim to provide a ready customer
base, wide geographical reach, trained and enthusiastic local entrepreneurs (franchisees) and a strong
relationship with SBI.
Starfin India Pvt. Ltd, is an official Banking Business Correspondent of India’s largest bank -
State Bank of
India, and holds the national license for the Business Correspondent business. Starfin has a vast network
of Customer Service Centers (CSCs) across 11 states in India, through which it provides banking services
to millions of customers
74% stake to be acquired in 2 phases , to be completed by end of this financial year…
https://www.bseindia.com/xml-data/corpfiling/AttachLive/efc72a25-2eb9-4f3f-af2f-f80b75b7315a.pdf
mode of acquisition is cash transaction
that last swing went up fro 167k to 289k share transactions, and then today a huge sell off happened involving 120k shares, doing what seems like a back up action of the green resistance line, now might get converted into a support…
this seems to be a bullish change of behavior…
it will be n interesting concall today
disclaimer… added more positions today
TTK Healthcare update from this post
Nice and beautiful price/volume breakout from the inverted H&S.
Mirza update from this
Breakout happened and so did the breakdown after the results.
TTK Healthcare has its results coming out today - So any disappointment could lead to a breakdown as it did in Mirza. Timeframes are different though - Mirza chart was hourly while TTK Healthcare is daily.
Kokuyo Camlin - Breakout above 200 DMA after excellent numbers
Disc: Invested in all three.
Update: TTK Healthcare results are out and the numbers look quite good and the price is holding up.
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cont post…
the supply level in this swing so far is down to a trickle…
the bulls might show up if this low volume swing continues inferring supply is exhausted
disclaimer… invested
greaves cotton
contd…
scrips makes a higher high, at the back of exhausting supply on absorption and followed by bullish change of character…[volumes in unit of millions]
disclaimer… no positions, tracking
@Capsule91
Do you see breakout in Talwalkar Lifestyles…it has been traded with huge volumes last week
Aksh Optifiber - At medium-term resistance trendline. Attempted a breakout post results but could not sustain. Numbers seem good though, so there is a chance that it might breakout after some consolidation (more likely, as it has run-up a bit from 26 levels and also since the recent two attempts at breakout failed). P/E post numbers drops from 23 to 15 levels.
Disc: Trading position today post results
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Ohk…thnks…so what i understand is since its moving in a new gann box, we should expect big move either side, rght? Hopefully its on upside 
Next week is the result…lets see
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hi @Capsule91
After Management call, I think investors are thinking new light and seems to have taken cognizance of the situation that tepid top line growth is due to lumpy investment banking department and also due to broking business which saw degrowth in lacklustre equity markets.These areas need to be looked as growth in overall year and not quarterly as per Rashesh Shah.
Your view now, on Edelweiss, Please ? Close above 317 looks elusive?
Additionally was trying to understand your views on Hindustan Copper, After the results and roughly 3.5 times growth in bottomline, there is some buying.
On Daily Charts, it is showing strength, Your views please on Hind Copper
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while its disappointing to see today the candle get stuck in the median line of the schiff pitchfork
i am impressed by the opening of the candle…
the supply levels as u can see on each downswing has been very erratic after the first big shakeout…
but the slow grinding unconvincing rally that we are in with a lot of wicks, is decision rally…
which leads to break out, vinati organics, for example, i badly regret getting the analysis wrong ont that… did go through the same patterns before giving that candle…
in suven, until it holds 231 or retests… i think next week should be interesting…
if i have drawn the complicated gann square correctly, something should happen today or on monday…
its funny and feels like astrology, but gann squares are legend with both x n y axis
the vertical line falls on the 10th of august day…
also by ichimoku system, the tenkan and kijunsen did a bullish cross over today on the daily chart
positive kumo cloud projction in daily
and chikou span point away from the price action
no change of character in bls international,
retest of supply needed…
maybe at 174 to 172 region
the accumulation schematics is still intact
if the supply on this test slow dry up…
it can be a confirmation for markup from phase d
disclaimer… invested and adding
the accumualtion theory in edelweiss is very much intact…
this is a back up action on a panic sell reactionary move…
a double bottom formation, with drastic exhaustion of supply… 5 million shares to 1.4million on the next down move…
i believe the absorption on this sell off is on the way…
a reactionary rally on good demand, will confirm it…
incase on=f hindustan copper the down swing hs exhausted the supply force which has be reduced to half, now, a pull back of this rally, and the supply levels there would be important, if much lesser, that would be bullish
goodluck…
disclaimer…added more trading positions in edelweiss
no positions in h.copper
tracking mayur at support…
unspectacular levels of volumes on this downswing…
approaching the 20ema line of the bollinger band now,
maintaining this support would be critical…
disclaimer… invested, forms 16% of my pf
Hi, can you on rain industries chart pattern
this is good analysis…
and from my side, this is accumulation and good base formation going on
disclaimer… invested, forms 2% of my pf