Tony,
Request you to start your portfolio thread. It will be enlightening to know your portfolio and the thought process behind entries and exits in your portfolio stocks.
regards,
ramesh
i second that
Sent[ Comment too short ]
Raj,
Thank you for doing it for me.
Tony
This is what I had written last Friday. Today Hawkins came out with a weak set of numbers and the stock was punished. It reached 1800, the level mentioned by me in my post earlier.
This stock was on my radar for quite some time. Patience pays, especially in a weak market. Do not rush into buying immediately, but wait for the dust to settle down. It is better to pay a little higher price than catch a falling knife.
Tony
http://chartink.com/pointfigure/508486.html Link: http://chartink.com/pointfigure/508486.html
http://chartink.com/stocks/508486.html Link: http://chartink.com/stocks/508486.html
http://chartink.com/stocks/508486.html Link: http://chartink.com/stocks/508486.html
Tony…How does Kaveri look on charts,it has fallen 10%+ from recent tops
I have always cautioned readers that while making investments, one should first have a look at the over all market status. The Nifty has after a long time, entered the O column, indicating more sellers than buyers.
http://chartink.com/stocks/NIFTY.html
From the above chart it is clear that all the indicators are showing weakness and a negative bias.
The 5 day EMA has cut the 25 day EMA from top. RSI has been dropping, the CCI is now at -123 and the Momentum indicator reads -254.
http://chartink.com/pointfigure/NIFTY.html
On the PnF charts the Nifty, now has support at 5600. However, let us see if it first holds 5650 where it will test the Bullish Support Line. The next support comes at 5500 and then in the range of 5400-50.
Tread carefully.
Tony
[quote="onlycastel, post:163, topic:996262942"]
> Just an update on the bullish per cent chart readings as on 5th July, 2013:
>
> BSE SENSEX 100
>
> The table above shows that the FMCG Sector is the strongest performer along with Health Care. But if you are a long term investor one can find value in sectors which are showing the lowest reading:
>
> Remember that the numbers represent the per cent of stocks which are exhibiting a BUY SIGNAL.
[/quote]
Another update on the Bullish Percent for 30th July, 2013:
From the chart one can see that the BSE Index has once again become weak. The only support has been coming from FMCG and HEALTH CARE. The other sectors have not been participating. Now these 2 sectors too are nearly overbought and hence correction has started in them too. Health Care corrected a little and now it is the turn of FMCG. This is the reason why the markets are weak. The best opportunities will arise in the Banking Sector when things stabilize.
| DATE | BSE SENSEX | BSE AUTO |
BANKEX | CON. DURABLE | CAP GOODS | FMCG | METALS | HEALTH CARE | REALTY |
| 30/7 | 38 | 30 | 14 | 30 | 9 | 100 | 9 | 53 | 18 |
| 16/7 | 48 | 20 | 29 | 20 | 36 | 80 | 27 | 71 | 36 |
| 5/7 | 39 | 20 | 29 | 10 | 36 | 70 | 9 | 59 | 27 |
The Bullish per cent readings for July 5 AND 16 are as under:
| BSE SENSEX 100 | BSE AUTO | BANKEX | CON. DURABLES | CAPITAL GOODS | FMCG | METALS | HEALTH CARE | REALTY |
| 39 | 20 | 29 | 10 | 36 | 70 | 9 | 59 | 27 |
| 48 | 20 | 29 | 20 | 36 | 80 | 27 | 71 | 36 |
The 2 best performing sectors continue to remain FMCG and Health Care.
| Col 1 | Col 2 | Col 3 | Col 4 | Col 5 | Col 6 | Col 7 | Col 8 | Col 9 | BSE AUTO | BANKEX | CON. DURABLES | CAPITAL GOODS | FMCG | METALS | HEALTH CARE | REALTY |
|---|---|---|---|---|---|---|---|---|
| 39 | 20 | 29 | 10 | 36 | 70 | 9 | 59 | 27 |
Further to my update yesterday, I am attaching the Bullish Percent Chart as well as the Relative Strength of FMCG, Health Care and Bankex. I would have been happy to do the charts for all other sectors, but time is a big constraint.
Please do give me your feed back which is lacking at times. It is very important to understand what my readers want and appreciate.
Tony
BULL-charts.xlsx (21 KB)
throuhly appreciate broad market trend it brings out for zeroing on sector and then one can go for stock of choice.
Vimal,
You are absolutely right in coming to those conclusions. Once you have the broader markets and sector analysis in place, then selecting the right stock is a mere formality. This helps one to be in the right place at the right time.
Tony
excellent work and grateful for sharing
sharing makes you whole,complete and perfeci
Hi tony,
How do u interprets chart of Gruh Finance.
I want to load it at 150. Does 190 and 150 looks great support to buy for long term?
-Samir
Thanks a lot Tony for sharing your insights.
What is your view on Ajanta Pharma? Why does the company have such high volatility?
What is your view on Banking stocks like Indusind and Gruh Finance? Should we start buying them or wait for some time?
Thanks,
Ankit
Tony,
I have started following your technical views of late and frankly this has helped me time my purchases.
Your updates are of great help .
Thank you Dr. Shah for your appreciation and taking time out to give valuable feed back. I am waiting to hear from you about CCL.
Tony
Samir,
GRUH FINANCE has one of the best charts. It is a very strong stock. Let us see the chart:
http://chartink.com/pointfigure/gruh.html Link: http://chartink.com/pointfigure/gruh.html
You will now see why i call it a strong chart. From October 2011, this stock has never traded below its Bullish Support Line (blue line). That’s an amazing record. The downside from here is not much. It has support at 190 and 175. These are very strong supports. Currently the stock is resting on the Bullish Support Line.
On the up side it has resistance at 215 and then it can go all the way to test 250 once again. Excellent stock for long term investors.
As the stock is trading below its 200 day EMA, it has turned weak. All the short term indicators are showing negative bias. The stock looks over sold and one can expect a bounce back.
http://chartink.com/stocks/gruh.html Link: http://chartink.com/stocks/gruh.html
RSI 20, CCI -239 AND MOMENTUM 23.80.
Tony
Guys ,
I think TONY is doing an amazing job here nothing less than any other senior boarder. Its high time that we need to step up and acknowledge his contribution to his fellow members.Especially his response to each and every query posted by the fellow boarder with complete analysis is really commendable.
Tony,
Please keep doing this amazing work for us 
.
Ankit,
I have already answered a similar query on Gruh Finance in this thread today. Now I will address your query on IndusInd Bank.
http://chartink.com/stocks/indusindbk.html Link: http://chartink.com/stocks/indusindbk.html
In the above chart you will notice that the stock has broken all EMA’s and has fallen like 9 pins, like all other banks. The stock now is in oversold territory and one can get a bounce back.
On the PnF charts let’s see where the support levels exist:
The stock is weak and trading below the Bullish Support Line. The next support is at 340, 310 and 280. There is some support at 370 where it has made a double bottom earlier.
Let the stock move from O column to X column which will give a good indication that there are more buyers, and the selling pressure has eased. This can happen if the stock moves to 400 from this level.
Tony