@StageInvesting what do you think about Raymond ? Thanks in advance
Raymond
CMP 1276
Well the stock seems to be in downtrend - has broken the recent upward channel ( Oct 2021 onwards - blue one) .
Keep a watch beween 1140-1170 - that is a strong support zone.
If it does not stop there- then we can see much lower levels in coming months.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
Rossel India
CMP 273
Yes we are tracking this. We shared our analysis in April 22 when stock price was at 210 and stock went upto 385 afterwards.
Currently it has corrected in wave ii of bigger wave 3 and has done a correction close to 61.8 % ( of the rise from August 19).
Difficult to say whether correction is over or it would consolidate a bit and would form a base by moving in a range.
We are long term bullish in this stock and would add on corrections. Because whenever the III of 3rd wave starts (290-300 are levels for watchout ), it might go very high.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
Hello @ StageInvesting +Elliot Waves, please do share your views on Mahindra & Mahindra, Carborundum Universal, & Eclerx
Please do simple google search for your questions as most of the times your questions are too basic.
Or do some hard-work - read our posts from the very start -again and again -make notes - you would get the answers to most of the questions you have asked and even the answers to those questions that you’ve not asked.
8 Likes
#Tejasnetworks
Very strong move and volume.
It would be very helpful if u mention wave count of the same in chart
Rupa has gone down more than what mentioned here. Can you check whether Textile stocks like rupa can be added at theses price for longterm investing? Or should we wait for any confirmation level?
Further Godawari Power [GPIL] is above 40 WEMA but structure, RSI and MACD turning downside for now. Should I hold and track with stoploss till 40 WEMA or can I exit at these prices only. Overall momentum of Steel Stocks seems going down only. [if chart can be studied and shared would be helpful]
How can one identify Cycle or momentum in sector wise for better returns?
Rupa
CMP 231
We covered it in April 22 when price was at 352.
Currently it is in a support zone-seems oversold - daily RSI is near 20s .
Either it should stop here or after a little more fall- should start forming a base.
But can it bounce backsignificantly in short term ?
Well we doubt ! We need strong hands to enter here and that should be visible in volumes.As of now , no hopes.
Monthly Chart
GPIL
Keep in mind that we don’t give any recommendations. We just reveiw charts and give our assesment and we’ve a right to go wrong as just like DCF , these are probability studies.
We see strong support at 310-330 zone. We would hold it till it does not break this range.
And we’ve just made entry in certain steel and metal stocks - we’re playing on certain macro factors and our bet is for long term without bothering about 10-20% up/down movemnts.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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Tracxn Technologies
A question to fundamental guys ?
Why this company having a turnover of 60 crores is having a market cap of 775 crores ?
Past few years growth is just 30% per annum , attrition rate of employees is about 60% .
Just wondering why so many MFs have invested in it ?
3 Likes
Hi StageInvesting,
How do you track stocks on a daily/weekly basis (i.e. how do you create your watchlist?) Do you have a set of fundamentally strong stocks that you keep on monitoring or do you create any screener for stock ideas?
Hi Staget Investing - where do u see Lykis Ltd.? is it it stage 2 and a good entry point?
Hi StageInvesting,
Could please share your views on Kovai Medical Center.
We keep a shortlist of fundamentally good stories. And try to enter when a) we feel correction is near end-Satge 1 b) or they’re starting to get momentum -Stage 2
2 Likes
MSTC
CMP 285
Don;t see any buy signals as of now.
Rather correction can go more deep if it breaks blue line in coming weeks.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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View shared 17 days back…please check the same.
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Won’t like to comment too much here.Don’t know much about the company - too much variation in sales over the years does not give any confidence.
Otherwise the stock seems to be in late phases of Stage-2 .
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Hi…Can you share views on Redington, GIC HF & GIC
Sonata Software
CMP 695
Long term wave count .
For coming years — as per monthly chart.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
1 Like