Capital Orbit has this lovely article on Value Investing. Interesting read:
http://gizmodo.com/how-an-engineer-earned-1-25-million-air-miles-by-buying-1339646546
Tony
Hi Tony,
Thanks for the timely update on the bullish percent, one learns to not get carried away
Hi Tony
Thanks for your suggestion as I was going to sell Polymedicure and Mayur. Now how does the chart look for these two now?
Ashwin
One of my friends wanted to know how the chart looks for Symphony. I thought I will put up my observations here for the benefit of all.
SYMPHONY COMFORT:
On the candle stick charts given here:
http://chartink.com/stocks/symphony.html
The stock is trading above all EMA’s. A point to observe always is that when a stock breaks its 200 day EMA, it gives a huge break out. From 328 the stock went all the way to 362. The RSI is currently in overbought region and so is CCI at 443. Momentum indicator too is positive. The stock can move higher depending on over all market conditions. Also noteworthy is the point when CCI was 100, the stock was at 305. Now the stock is at 349 with CCI at 443. This should usually be the entry point for traders. 80% of the price one can get in 20% of the time.
http://chartink.com/pointfigure/SYMPHONY.html
On the PnF chart, the stock is on a BUY signal and in the X column. Next resistance is at 380-390-410-470. Support is at 340-330-290-265.
Those wanting to sell can start doing it in pyramids. Selling 10% at every rise of 5-10%.
Dr. Jashawant Patel this is for you. Your observations were correct.
Tony
Ashwin,
POLYMEDICURE:
Please note I have taken the BSE chart for this stock as there was a freak trade on NSE at very low levels.
http://chartink.com/stocks/531768.html
On the candlestick chart, the stock is trading above all EMA’s and so a strong stock. RSI is at 89, CCI at 190 and Momentum at 35. All are positive but some profit booking can be expected with RSI in over bought region.
http://chartink.com/pointfigure/531768.html.
Currently in the O column though on a BUY signal. Support at 235 and 225. Below 225 it will become weak as it will trade below Bullish Support Line. Resistance at 275-280-285.
Tony
MAYUR UNIQUOTERS:
The stock made at new high at 260. Now it is in uncharted territory. Support exits at 255-245-240-225.
http://chartink.com/pointfigure/mayuruniq.html
On the candle sticks, the stock is above all EMA’s hence a strong stock. RSI is in overbought region at 75 and CCI at 244. Momentum at 33 are all positives. Some pull back can be expected with RSI in overbought region. A wonderful stock which has been making Higher Tops and Higher Bottoms.
Tony
Earlier I had put up the Bullish Percent statistics. Attached below is the chart showing OVERBOUGHT ZONE in yellow and OVERSOLD ZONE in green.
Hope this will help you all in making the right decisions when the markets are near their all time highs. Look out for signs of change from X column to O column. This will tell you that the markets are beginning to correct.
Till then happy investing. Do give your feed back.
Tony
BULL-charts.xlsx (28.6 KB)
Tony whats your take on Shilpa Medicare & Alembic Pharma?
thanku Tony for passionately answering all the queries…
Regards
mallikarjun
Vivek,
Alembic Pharma:
It is a very strong stock trading above the Bullish Support Line since January 2013, consistently making higher tops and higher bottoms. An excellent chart.
http://chartink.com/pointfigure/APLLTD.html
It is on a BUY signal in X column at a new high. Support is now at 165-160-150-138.
On the candle stick trading above all EMA
http://chartink.com/stocks/aplltd.html
With RSI in overbought territory at 78 and CCI at 327 and Momentum at 27, one can expect a slight pull back. Such stocks are a BUY on dips.
Tony
Shilpa Medicare:
http://chartink.com/pointfigure/shilpamed.html
The stock is on a BUY signal in X column. Next resistance is at 215. Support is at 185-160-140.
Currently trading above all EMA’s. Watch how it consolidated at 160 levels and once it broke 179 its 200 day EMA, shot up to 190 levels.
http://chartink.com/stocks/shilpamed.html
Keep at watch at 180 on the lower side. If it falls below this, then it can go all the way to 160- 140 levels. With RSI at 78 in over bought territory, CCI at 375 and Momentum at 18.75, wait for a pull back to enter the stock.
Tony
Mallikarjun,
Very kind and thoughtful of you. You are welcome with more queries.
Tony
Tony brother
Thanks for all your help. What’s happening to Accelya? Any targets?
Vivek,
Accelya
If you see my post on 6th October, 2013, I had written that 660 is achievable.That is exactly what has happened.The stock has made a new high of 684. Now the stock is in uncharted territory. Cannot give you next target. Good volumes and high deliverable’s too.
Tony
Hi Tony
Atul Auto first broke through 195 on 07-Oct and today (14-Oct) it broke through your next target of 225 to touched a lifetime high of 233 before closing at 225 on BSE.
What should be the strategy now?
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ATUL AUTO:
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http://chartink.com/pointfigure/531795.html Link: http://chartink.com/pointfigure/531795.html
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http://chartink.com/stocks/531795.html Link: http://chartink.com/stocks/531795.html
Hello Ajit,
Seeing you here for the first time. I am an investor in this stock from 90 levels and in no hurry to sell. Will buy at lower levels. Fundamentally the company has been churning good numbers. I will not go into the fundamentals as we have a fantastic team here who have been given the best analysis. Can’t say that about me though.
http://chartink.com/stocks/531795.html
On the candle sticks the RSI is in overbought territory. Some profit taking can happen. Such stocks are a buy on dip. Wait for the stock to go ex dividend and you will get a good price to enter as the stock price falls disproportionately to the dividend. Or one can sell closer to the book closure date and buy the stock ex dividend.
http://chartink.com/pointfigure/531795.html
On PnF charts one can see the new high made today. Now the stock is in uncharted territory. It has support at 225-220.
Tony
Hi Tony
Thanks for the write up. My first purchase too was similar to you at Rs.82 (Rs.123 Pre-bonus). Co has already reported 26% volume growth in Q2-2014 over Q2-2013. So this quarter’s financial results should be good to excellent. I definitely intend to hold on to my shares. Just wanted to know if it is time to buy more after the new all time high. One thing I did not understand was your point about buying it ex-dividend. The co went ex-dividend on 08-Jul, so we are not likely to see a post dividend fall in price for nearly one year…or am I missing something?
Ajit, If it is already ex dividend, I am sorry. Lost track of it. Best to wait and watch unless one intends booking some profits and waiting to buy at lower levels. Tony
These days it has become fashionable to talk either of Fed tapering or Debt ceiling. I was reading an article in the Economic Times titled “TIME TO TAPER? NOT IF YOU LOOK AT US BANK LOANS”.
Bankers believe that the Fed QE easing has done little to help them, and its ending will have little impact on them.
Read this well:
In fact while the Fed has pumped about $2.8 trillion into the financial system through nearly five years of asset buying, Banks excess reserves deposited with the New York Fed have mushroomed from less than $ 2 billion before the financial crisis to $ 2.17 trillion today. IN ESSENCE ROUGHLY TWO THIRDS OF THE MONEY THE FED PUMPED INTO THE BANK SYSTEM NEVER LEFT THE BUILDING.
So much for Fed tapering. Now a new drama is being play out in the US of A, debt ceiling, much like what keeps happening in India.
Nothing much will happen in the end and we will all live Happily ever after.
Tony
Tony
Many thanks for your hard work in diligently answering all queries & congrats in your prescience on the wonderful calls.
Whats your take on Mayur Uniquoters ?Shud i buy at CMP?
Any other pick u like at CMPor on fall?