Can you please give an overview on Technicals of Praveg limited? It is a small company with not a very long history.
thank you. I was combining fundamental with technical. Fundamentally the company has had change in promoters and has sold the loss making Tea Division. So now the focus on the FMCG business and revenue growth has been good. Profitability is a key item to watch out.
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Pls share the technical chart of Repro India
Gokaldass Follow-up
CMP 423
While we 're still not sure of the start of the longer term upmove wrt Elliot Waves method , but from stage analysis method, it seems to have crossed/closed above the 1st trading range - ie initial signs of Stage 2 beginning.
As mentioned in the previous post,if we want to ride, we will take small initial postion here.
But it should stay above the same by weekend as well as it needs to break above the 2nd trading range in coming weeks.
Weekly Chart
And if it fulfills the above conditions, then we would assume that longer term 5th wave has started and it might go to much highr levels in coming months.
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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Repro India
CMP 376
As of now we don’t see naything but struggle and wastage of time (time-correction).
On longer time-frame, we are in wave 4 . How long it can remain there is a quetion of time .
Monthly Chart
On medium time-frame ,we 're in stage 4 - it can remain range boound for some time.
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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Sorry to say that is something beyond our understanding.As you said, small history, small turnover,promoter diluting its stake , and some filmsy business of advertising/exhibitions etc etc - too much too digest for us.
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HBL Power
CMP 108
Have we started iii of 3 ? Well , we need to wait.
As of now, it has broken the trading range on weekly chart - but we need to see whether it closes above it on weekend and at least for next 1-2 weeks.
Also it has earby resistance of Fib level 61.8% retracement of recent decline,
There has been good volume also in last few days- daily /weekly MACD are in buy. Worry is on monthly MACD , that’s yet to show the signs of a buy signal.
Let’s keep a close watch. We’re having too many failed break-outs these days,hence need to be extra-cautious
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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DCAL
CMP 122
Has it completed the correction ?
Is the new leg starting?
RSI divergence has played out, it has crossed its intial trading range . Daily/weekly MACD are in buy zone. Huge volumes seen in last two weeks.
Cautions :
a) Although it has corssed baove first trading range, it needs to close above it on weekend, and for few more following weeks .
b) Currently dialy RSI is overheated and daily BB has expanded a lot. A cool-off in both can lead to some correction and consolidation.
Overall it is a great set-up bit need to consolidate for few weeks for it to run well in future.
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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Hi Stage Investing, when you attempt bottom fishing as is the case with two stocks you mentioned earlier, how do you put your stop loss? Thanks
Please metion the names as recently we’ve given more than 2 examples .
I think it was Intellect and Gokex where I think you were trying to bottom fish. But that’s not important. My main question in general terms was when you are trying to bottom fish and stock has not entered into Stage 2 yet how do you keep your stop loss? Will it be really strict SL with recent swing lows in weekly chart or what’s the methodology?
C Wave Is In
When we wrote the following article in September, people were sceptical as well as few made fun of us.
Many stocks have already fallen since then and many are on the way down.Index is a myth and is managed. real C waves have come in mid and small caps.
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Hi @StageInvesting, I am trying to understand stage analysis, would you be able to mark the various stages for PGEL since march last year. Also, please share your views on Megastar foods.
Sir request follow up on Vedanta Please
You got it right. Genrally it is last swing-low as well as MACD cycle’s situation for an additional confirmation.
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PGEL
Hope it is helpful.
Weekly Chart
For Megastar - we don’t have much history , so won’t attempt. For good technical analysis - a stock should at least have 2-3 years of listed - history as well the stock should undergo at least one bear market.
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Vedanta
CMP 303
Earlier expectation was that it has completed its correction at Fib retracement of 61.8% (blue line).
But while recovering , it could not cross 61.8 % retracment of whole a,b,c fall ( pink line) as a first condition of long term recovery , also the recovery does not look like an impulse wave.
Hence we can assume that the recent recovery was B wave and a larger C wave is unfolding.
Yesterday it also closed below the recent trend-line ( red one) , it is not a good sign.
If the market sentiments go really bad and dollar begins its upward journey then we can expect the worst case scenario ( where C=A and is also a strong support area).
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.
Manappuram -follow-up
CMP 104
Yesterday it broke the recent trend-line. Signs of further weakness.
Level of 90 and 81 are next support lines (green) where as level of 74 is the last defence ( red line).
If it keeps breaking these levels then plunder would be complete and bears would kill the king 
and take away all the gold.Keep a close watch.
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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Muthoot Finance Follow Up
CMP 971
Tracking it since last 8-9 months from 1100 levels.
Now it is closing below long term channel - not a good sign.
Nearby support is at 950 levels- if broken … well we don’t want to mention the levels.
In short, we need to be careful in coming months.
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.
whats your view on ITC now?