Rajarshi,
You are right as usual. On the CCI Alembic Pharma is oversold. On the PnF charts too it has given a SELL signal at 195 and the next support is at 165 the earlier Double Top.
The short term momentum is down as the stock is trading below the 5 and 25 day EMA. It now has support at 190 the 50 day EMA. If it falls below this then one can expect it to touch 148-150 levels which will be near the 200 day EMA.
Tony
Hello Sandip.
Nice to see you here for the first time writing to me. Do write often, it makes me wear my thinking cap to give my best.
J B CHEMICALS: (111)
http://chartink.com/stocks/jbchepharm.html
On the candle stick charts, considering the long term, the stock has support at 104 and 90. The latter is a strong support being the 200 day EMA. The RSI is 52 and not near the overbought levels, however the CCI is -44 and at oversold levels and so is momentum -5. The short term momentum is down.
http://chartink.com/stocks/jbchepharm.html
In the short term, the stock is taking support at 111 the 5 day EMA and thereafter at 110.
http://chartink.com/pointfigure/JBCHEPHARM.html
On the Point and Figure chart, the stock is currently in the O column and on a SELL signal. The stock made a Double Bottom at 111. Support exists at 108-96-92-90-86. There is strong support at 86, however below 88 the stock will once again turn weak as it will trade below the Bullish Support Line.
From here the next Price Objective is around 140 on the UP side.
Tony
Hi Tony,
How does Eicher M looks on charts. What would be good level to accumulate ?
Hi Raj,
Eicher Motors has been one of the dream performers in the Auto sector. It has a very good chart too.
EICHER (4855)
The 5 day EMA is at 4787 and the 25 day EMA is at 4503.You can safely say the stock will take support at these levels in the event of a break down. The 5 day EMA cut the 25 day EMA from below on 10th September when the stock was trading at 3324 on closing basis. From there the stock rose all the way to 5340 in a matter of a couple of month. The stock is currently on a PULL back. All the short term momentum indicators are showing positive signs. Keep buying the stock on dips between current price and 4503. This stock will once again make a move upwards.
Tony
Dear Tony,
Thanks a lot for a very prompt reply. I have been stuck in TTK Prestige since quite some time with no profit-no loss situation after a significant recent rally shown by stock. Not able to decide if I should continue to hold for more time for handsome gains or should I exit. Kindly give your valuable opinion based on your analysis.
Sandip
Dear Sandip,
Whenever one BUYS a good stock, time of entry is very important. Or else one will remain frustrated for a long time.
TTK PRESTIGE (3632)
http://chartink.com/pointfigure/TTKPRESTIG.html
On the PnF charts, the stock has given a buy signal at 3700. It is in the X column on a BUY signal. Next resistance is at 3800 where it will make a Triple Top. Next is 4000. If it crosses this it will make a new high. A good stock trading above its Bullish Support Line.
http://chartink.com/stocks/ttkprestig.html
On the candle sticks it shows that TTK is trading above all EMA’s which is a good sign. There is more upside left in the stock as the CCI is moving up towards 100 from 94 now. RSI is in overbought region and momentum too is showing good signs of an upward bias.
If you want to BUY more of this stock then wait for a correction. Or in the alternative, sell at higher levels and then wait patiently for correction to set in before buying once again.
Tony
Dear Tony Could you please do TA for Kaveri. Now that it has started moving what will be its short term target? I got into Kaveri at a higher price. As you mentioned in the case of Prestige, it may be prudent for me to get out of Kaveri with minimum loss and get in at a better price(if ever it comes?). Is it a possibility? Saji
Hi Tony,
I want Point and Figure charting which you gave a google link on first page of this forum. I would like to have local downloaded format.
I have already read candlestick charts and found trading using candlestick quite useful. Would like to get more knowledge on point and figure.
Thanks,
Sunil
Hi Tony,
Can you please send me a copy of ebook at sunil.surana7@gmail.com Link: mailto:sunil.surana7@gmail.com
Hi Tony… Thanks for your detailed analysis on TTK prestige. And congratulations on getting your call perfectly correct on Yes Bank as it nearly touched your target. Do you feel is this the right price to make an entry in Yes Bank for a long term investor with horizon of 1-2 year or do u see still better entry points ahead ???
Hi Tony… Thanks for your detailed analysis on TTK prestige. And congratulations on getting your call perfectly correct on Yes Bank as it nearly touched your target. Do you feel is this the right price to make an entry in Yes Bank for a long term investor with horizon of 1-2 year or do u see still better entry points ahead ???
Dear Tony
Kaveri is retracing after touching 1700 like you said. Does it indicate a sell now? Do you think Shriram Transport up move is over? TTK Pharma is seeing a lot of volume? Does it indicate a breakout?
Regards
Hi Tony
Can you please explain as to how do you determine the Price Objective on the basis of PnF chart? In the Chartlink the PO is not appearing as a default. I am indeed thankful to you and Donald for resolving the issue of my inability to post my messages.
With regards
http://chartink.com/stocks/jbchepharm.html Link: http://chartink.com/stocks/jbchepharm.html
http://chartink.com/stocks/jbchepharm.html Link: http://chartink.com/stocks/jbchepharm.html
Hello Saji,
KAVERI (1688)
http://chartink.com/stocks/kscl.html Link: http://chartink.com/stocks/kscl.html
The short term momentum is still up for Kaveri. The RSI is at 69, CCI at 271 and Momentum at 118, all positive. There is some more steam left in the stock. It touched the previous high and pulled back. It will meet resistance at 1700-1720 levels. If it manages to break it then a new high can be created. Now it has support at 1642 and 1581.
http://chartink.com/pointfigure/KSCL.html Link: http://chartink.com/pointfigure/KSCL.html
On the PnF charts, the stock made a double top at 1700. It has support at 1650-1500-1450. Good to enter around 1450 levels where it has very strong support.
Tony
Hi Sunil,
By now you must have received the book which i sent you. Please confirm receipt.
Tony
Sunil,
Please let me know which book you want.
Tony
sunil.surana7@gmail.com Link: mailto:sunil.surana7@gmail.com
Sandip,
With the RBI policy round the corner all Banking stocks have started correcting. It is best to wait and watch.
YES BANK (366)
All the short term indicators are showing negative trend. The stock can correct upto 360 now.Thereafter, it will be trading below all the EMA’s.
http://chartink.com/stocks/yesbank.html Link: http://chartink.com/stocks/yesbank.html
On the PnF charts it is currently in the O column on a BUY signal. Support exists at 330-285-275 in the long term. Resistance is at 410.
http://chartink.com/pointfigure/YESBANK.html Link: http://chartink.com/pointfigure/YESBANK.html
Be patient and you may get a lower price.
Tony
Today I had mentioned that Cera Sanitary is in overbought zone. The stock did correct and close at 628.
Also those following La Opala must have seen a huge break out. I had written that the CCI was at 85 and a break out was imminent. And what a break out the stock gave today. It touched a high of 645.
Shriram Transport stayed put. Kaveri Seed is now likely to touch 1700 if it breaks resistance of 1650. The 5 day EMA crossed the 25 day EMA from below and the stock started its upward journey. CCI too has crossed 100. The momentum for this stock is on the upside.
One can see Yes Bank correct a little more tomorrow. May touch 363 where it will find support.
Tony
Dear Ashwin,
I have already written about Kaveri above. Will now take up
TTK Healthcare.(526)
http://chartink.com/pointfigure/TTKHEALTH.html
The stock made a Triple Top at 560 and retraced. It has strong resistance between 560-70 levels, if it breaks this resistance zone then the next resistance will be at 660. True the volumes have increased. If the price rises with increase in volumes, then it is positive. If price falls with volumes, then it is negative.
http://chartink.com/stocks/ttkhealth.html
All the EMA’s are between 514-525. So these are support zones. Currently the stock is taking support in this region. RSI is 60 and CCI 179 and Momentum at 0.5. The chances are for the stock to move up. Lets wait and see what the markets are saying. If markets turn positive, then the stock can touch 660 if the momentum continues.
Tony
Hey Tony,
hows the charts for accelya, polymed n shilpa, looking to add on all 3, want to get in at the best price i can
thanks Buddy
