Point & Figure Charting

Stock Opportunities Techno-Funda Picks
481

Hi Tony,

Thanks a lot for always helping us and replying to our queries untiringly. Apart from your technical analysis, your suggested articles and advices have really helped us.

Regards,

Ankit

482

Dear Ankit,

It was very thoughtful of you to write these few line which mean a lot to me. Your expressions are fully understood and accepted with an open heart.

Once upon a time I was an investor like you, who was buffeted from all sides by resourceful people in the market. With PnF charts, I am much better off. My success rate has improved and I want to share this with each one of you so that you too can benefit from my learning.

Valuepickr is such a lovely blog. It is a GOOGLE me. The first search i make is this blog. Full of resources and valuable data which helps in making the right decision. Must be grateful to each one of you who contribute and make this a success.

Thank you once again. Do send in your queries too.

Tony

483

Hi Vivek,

ACRYSIL: (154)

http://chartink.com/pointfigure/524091.html

The stock has made a new high. Currently on a BUY signal in X column. Support is at 136-128-124-116. Since August 2013, it has been making Higher Top and Higher Bottoms which is good sign.

http://chartink.com/stocks/524091.html

The stock is trading above all EMA’s. However, after touching a new high volumes are dropping indicating a slight correction. RSI at 84.71 is in over bought region. CCI is 203.6 and Momentum at 34. All are signalling a good short term upward momentum.

Some profit booking can be expected with CCI sloping downwards. Look out for this indicator which is like an ADVANCE WARNING SYSTEM.

TONY

484

SHILPA MEDICARE: (214)

Another great pick by valuepickr.

http://chartink.com/stocks/shilpamed.html

Stock is trading above the 5-25-50 day EMA’s. RSI at 92.40 is in highly overbought territory. Some profit booking can be expected. Momentum at 34.90, CCI at 136 indicate good strength in the stock for the short term.

http://chartink.com/pointfigure/SHILPAMED.html

Since August 2013, stock has been gaining strength. Currently in the X column and on a BUY signal. There is huge resistance at 215 where earlier it had touched 5 times and begun its journey downwards. If it breaks this, one can expect a big break out in the stock.

http://chartink.com/stocks/shilpamed.html

Watch for yourself what happens when the 50 day EMA cuts the 200 day EMA from below. On 10th October it did that and the stock shot up from 175 to 214. Friends follow these levels and you will be very successful.

Tony

485

POLY MEDICURE: (309)

http://chartink.com/stocks/polymed.html

History keeps repeating itself. When the 5 day EMA cut the 25 day EMA from below the stock zoomed from 240 to 340. Simply breath taking. RSI is at 82.61 and in over bought territory. CCI at 142.90, Momentum at 48.20. All good indications. Some profit booking is happening with CCI sloping downwards.

http://chartink.com/pointfigure/POLYMED.html

Currently in the O column indicating more sellers, but its on a BUY signal. Made a high of 340 where profit taking is happening. Support is at 285-275-270-240.

Tony

486

AVANTI FEEDS: (241)

http://chartink.com/pointfigure/AVANTI.html

Made a new at 250. In the X column and on a BUY signal. Support at 240 and 215. Trading above Bullish Support Line which is a good sign.

http://chartink.com/stocks/avanti.html

On August 26, 2013 the 5 day EMA cut the 25 day EMA from below and the stock shot up from 186 to 250. Those who entered at this level must be a happy lot.

RSI is 58, Momentum at 4.8 and CCI at 129.5. The stock may correct and will present an opportunity to buy at lower levels.

Tony

487

Dear Tony

Is Nilkamal a buy now technically as it seems to broken resistance of 107?

Regards

Ashwin

488

Hello Ashwin,

NILKAMAL:(118.60)

http://chartink.com/pointfigure/NILKAMAL.html

The stock is on a BUY signal but in the O column showing more sellers than buyers. The support is at 110-102-96. Next resistance will be at 122-128-138. The stock has just recently started making Higher Tops and Higher Bottoms, but looking at the chart from the long term it does not look good.

http://chartink.com/stocks/nilkamal.html

The short term indicators look good, however the RSI is in overbought territory at 83.69. CCI is 177 and Momentum at 12.75. In recent days the volumes have dropped considerably. It has support at its 25 day EMA of 104. So be watchful at this level. The 50 day EMA is at 101 so this level too is important.

Tony

489

Dear Tony, Regarding Dhanuka Agritech the 5 day EMA after taking the support from 200 day EMA it has cut across 100, 50 and 25 day EMA with mediocre volumes. Can we take it as a bullish sign. How does the chart look for long term? With all the agri plays doing well with good results. Dhanuka may be next in line for some action! Looking forward to your valuable opinion. Saji

490

Dear Saji,

http://chartink.com/pointfigure/DHANUKA.html

On the PnF charts the stock is in O column but on a BUY signal. There are more sellers but the selling pressure is reducing which can be deduced from falling volumes. There is strong support at 128. If it breaks this level then it will become weak as it will trade below Bullish Support Line. On the upside it has resistance at 140-150-160.

http://chartink.com/stocks/dhanuka.html

Although the 5 day EMA has cut the 25 day EMA from below it has started slopping downwards. There is selling pressure. It can take support near the 200 day EMA which is 130. Below this the stock will fall drastically. This is the zone where the stock has repeatedly taken support in the past.

RSI is at 56, Momentum at 3 and CCI at 83 and sloping downwards, chances are the stock will touch 128 once again.

With markets at new highs and expiry in few days, the risk reward ratio is not good.

Tony

491

Hi Tony,

Want to take this opportunity to thank you for your active presence here. Much appreciated!

Ramesh

492

Thanks Tony for the analysis

493

Hello Ramesh,

Its my pleasure to know that I have been of some help to you. If you do need any help, keep writing to me.

Tony

494

[ Comment too short ]

495

[ Comment too short ]

496

Hey Tony,

Congrats for being so there for a year, i have personally benefited immensely, so much so i have started taking the P & F very seriously & hope to keep on learning from this forum & you personally, THANKS

now one query

do you think it would be right time to book some profits in Ajantha, Cera

Rgds

497

Hello Hard to Get,

I feel happy when I hear that my updates here are helping so many readers. When i began writing that was least on my mind. Such feed backs help me, and I begin putting in more efforts.

AJANTA:

This stock is charting its own course, what with a stellar set of results. A great find of this blog.

http://chartink.com/stocks/AJANTPHARM.html

The stock is at a new high with good volumes. With CCI at 269 and sloping downwards and RSI at 84 in over bought territory, some profit booking can be expected. Such stocks are always a BUY on dips. Watch for levels of 835 and 750 for buys.

http://chartink.com/pointfigure/AJANTPHARM.html

The stock is presently in the X column and on a BUY signal. Strong support is at 780. Buy on dips.

Tony

498

CERA:

http://chartink.com/pointfigure/cera.html

Currently the stock is trading in the X column and on a BUY signal. This will change with the results not up to the mark. Now the stock has support at 570-540-530-510.

http://chartink.com/stocks/cera.html

The RSI is at 59, Momentum at 22, CCI at 60.13 indicating that correction has set in the stock. Next support level is 574 which is the 25 day EMA. The 50 day EMA at 536 too is a good level to BUY.

Be patient and let the correction get over.It is good to BUY good companies when there is bad news.

Tony

499

Hi Tony,

Just to get it clear for myself, what it means is this is not the time to sell either, rather wait for the signal to be clear

that reminds me i have to start going thru the P &F book beyond the 1st chapter to get a fix on CCI, RSI & Momentum

thanks again

500

Tony,

Wish you and your family a Happy Diwali. A few queries:

1). What would be an appropriate level to get into Shilpa medicare and Acrysil Ltd and timewise when can we expect such an opportunity?

2). Was hesitant to get into acrysil because of Price Call action funda and now it has gone up 50% in a couple of months. Can we see 90-100 levels again?

Thanks,

Ramesh