The moment the stock broke the 50 Day EMA and 200 EMA, the stock started following very fast.One can see the fall from 808 to 730.
The RSI is at 35, close to the oversold area, CCI at -276 and Momentum at -79. As I said earlier the stock will have strong resistance at 760. Be patient and accumulate small quantities at lower prices.
On the above chart, the stock has taken support at 50 day EMA. Let us see the confirmation on Monday. If it falls below 239, then the next support is at 200 day EMA which is 220. Below this level the stock will be weak and can fall fast. The RSI is positive, while CCI at -95 and Momentum at -3.8 are negative with an upward bias.
I won’t be surprised if the stock takes support at 240 and moves up, provided the Nifty supports the sentiment.
On the PnF charts, the stock is currently on a SELL signal, indicating more sellers than buyers.The next support is at 215 which is exactly on the Bullish Support Line. If it falls below this, then the next support is at 200 and 175.
The stock has been a strong stock trading above the Bullish Support Line since May 2012.
The stock is currently in the X column, but on a SELL signal. It took support at 106 where it made a Double Bottom and bounced back. It has resistance at 122 where it made a Triple Bottom earlier and then at 130 where it made a double bottom earlier. It is a weak stock trading below its Bullish Support Line. It will become strong above 130 levels.
One can clearly see how a stock collapses below its 200 day EMA. The RSI is at 14, CCI at -129 and Momentum at 28 all negative. The stock is highly oversold and one can expect a slight bounce back.It will meet strong resistance at 200 day EMA at 122 and 50 day EMA at 134. This perfectly matches resistance zones shown in PnF charts.
Do you know of any resource where we can find P/E Ratio chart (over the years) of an individual stock. Almost all websites show price chart, but nowhere i could find PE chart.
I was out of town for a week, hence the delay in replying to your queries.
KAJARIA:
You have seen the mayhem in the markets, all stocks are retracing the gains made earlier. Kajaria is no exception,has given a SELL signal and has taken support near 220 where it had made a double bottom earlier. The next support lies at 195 and later at 180.
On the candle sticks, one can see the stock taking support at its 200 day EMA at 220. If it breaks this support, one can expect a further fall which will be fast. All the indicators like RSI, CCI and Momentum indicate a negative bias. Watch out if the stock holds the 200 day EMA. If it does not, then you will get a chance to buy it at much lower levels.
The stock is currently in the X column but on a SELL signal. It gave a decent pull back from the lows of 138. However, it has resistance at 160-65 and then at 180. Unless the stock crosses 185 decisively, it will continue to remain weak and can fall again.
On the downside, it has support at 138 and 132. One can use the downside to buy into this stock which is a fundamentally strong stock.
On the candle stick charts, one can see that the stock is trading below its 200 day EMA of 169. This level has to be crossed for the stock to make a significant move upwards. Whether this will happen is anybodies guess in a weak market.
I have personally not seen such charts, so no comments here. One will have to do them manually. Data of all stocks is available on the BSE site under historical prices which are given date wise.
The stock has given a SELL signal on the PnF charts and is in the O columns. It is trading close to the Bullish Support Line at 128. Any fall below that will take the stock to 122, 120 and 118 levels.
On the candle sticks the support for the stock lies at 200 day EMA which is at 124. All the short term indicators are still positive, however in a weak market it is better to wait and enter at lower prices in case you are a buyer.
Kaveri is a very strong stock which has been trading consistently above its Bullish Support Line since April 2012. Such stocks are always a buy on dips. With irrational behavior in the markets, one can get a chance to buy good stocks are reasonable prices.
Currently the stock is in the O column, and the next support will be at 1450. If it falls below this level then it will give a Sell signal. The next support will then be at 1260. Please note that the Bullish Support Line is at 1320. If it falls below 1320, then the stock will become weak once again.
The stock is testing the 50 day EMA at 1543, and can find support at 1350 its 200 day EMA.
On the PnF charts the stock is currently in the O column though on a BUY signal. It now has support at 570 where, earlier it had made a double top. The next support lies at 530-20.
On the upside, the stock has resistance at 660 its previous high. This too is a very strong stock trading above its Bullish Support Line for more than a year now. Such stocks are buy on dips.
On the candle sticks it is presently trading above its 50 day EMA and 200 day EMA. The short term indicators are not showing any negative bias at the moment.
What’s your view on NIFTY and BANK NIFTY? How should we buy banks in current market? Have been buying in small quantities but I think the way the banks are falling I will soon run out of cash.
The stock has given a SELL signal at 820 and now has support at 740 and then at 640-20 range.No doubt, the stock is a strong stock. It has been consistently making higher tops and higher bottoms and trading above the Bullish Support Line. Be patient and enter the stock at lower levels. This market is going to give a lot of opportunities for patient investors.
On the chart above, one can see that the stock has fallen below its 50 day EMA and now has support at 200 day EMA at 712. Try to buy at these levels after you are sure that it is not going to break the 200 day EMA which is a very crucial support now. If it breaks 712, then there are bright chances of stock touching 640-20 levels.
