At the beginning we start with equality and later on we track with Fib numbers.
As per the guidelines, it is said that 2 of the waves would be of same size ( Either 1=3 or 1=5 or 3=5) .
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Shriram Finance -Follow-up
CMP 1760
Going as per the projection…likely to achieve the mentioned targets in coming months.
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Added 2 more positions this week:
BSE and Union Bank.
Anyways these updates dont matter now as we’ve more than 1000 stocks breaking out…even a monkey can pick the momentum stocks as they say 'in a bull market, everyone is a genius.
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Hi @StageInvesting !
Couple of points / queries:
- Any luck on the tracking positions on MSTC (which you mentioned) , etc?
- The other positions like VaTech, Cochin shipyard still looks good?
- Any views on NMDC steel , Patel engineering?
- Is ther any amends on your US portfolio?
Cheers,
Rahul
Somehow we find these 2 companies at the lower rung of business-quality (on fundamental basis) among NBFCs . Hence we don’t track them.
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We stay invested.
We’re invested in these as mentioned in the portfolio and we find the companies good for long term holding as well as on the charts.
No.
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Bull Market Characteristics
In every new bull market of 3-4 years , 50% stocks become 2 X , 30% stocks become 3 X or bigger and 20% stocks move in the range of 10-30%.
In Indian context , in coming 3 years - 2000 stocks might double , 1200 stocks might become 3 X or bigger.
If Nifty has to become 2 X (35 K) in coming 2-3 years , this is how its internal constituents will perform ( in every bull market in India in last 30 years, the sensex has doubled , we are counting from recent bottom of 17200)
So buy good companies , sit on them and don’t chase new stocks everyday .
Beauty of a bull market is that you don’t need to work hard everyday ! The tide would carry you to your destination.
Just ride on the boat .Sir back & relax.
But if you try too hard , there’re chances that you may end up drowning in the midway.
17 Likes
Ultramarine Pigment
CMP 379
Don’t know much about the company and not so bullish about chemical related stocks as of now.
But chart of this script tells a different story!
Keep in considertion that monthly charts take month to play out fully.
Monthly Chart
Disclaimer : Invested and biased.This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
2 Likes
Muthoot Cap
CMP 380.
Can it regain its old glory ?
Yes, if the 2 wheeler segment picks up in India.
We’re yet to cross annual sales numbers of 2018 in 2 wheelers segment . But if the cycle has completed (peak and trough) ,then this can work out.
And we might see a K shaped recovery in Indian economy…we saw rich and upper middle class recivering fast after Covid, and now we might see a trickle down effect to lower strata of the society .
And that may improve the sales of this companies that are languishing for last 2-3 years.
Muthoot Cap Weekly Chart
Disclaimer : Invested and biased.This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
1 Like
Happy to share that our portfolio is up 60% in last 6 months.
Started sharing the portfolionon Jan 31st and giving follow-up on regular basis.
15 Likes
Inmode US market.
CMP 40.74
Hi- Revisiting after 8 months as find it at a intereting juncture.
Is not completely out of the woods, but let’s keep a close watch at the price points of 42 and 52.
Weekly Chart
Few weekly closes above these levels can be next signals that this is starting again.
1 Like
Wait for few days … need a confirmation once the correction of current wave gets over.Will revert.
Hi StageInvesting, what are your views on Surya Roshni and Steel Strips Wheels
DXY ,Metals ,Gold,Silver ,Emerging Market Equities
DXY is breaking! CMP 100.52
DXY is near 40 months moving average which is currently at 100.06 .
DXY Monthly Chart (green line is the 40 MMA)
It might take support here for few days and weeks .
Once the level of 100 is broken on monthly closing basis - then all hell will break loose .
That would be a signal for good times in metals , precious commodities and emerging market equities .
We’ve all seen the inital signs of bullishnees in all of the above mentioned asset-classes.
So have patience - stars are aligning for Nifty moving to 35000 in coming months 
19900 is the key initial levels to watchout for.
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Bro- we’re in a bull market ,buy anything except Chemicals ( & bit doubtful about textiles,diagnostics,large cap IT), everything will run unless that the company is really really bad.
Only the extent of run will differ depending upon the valuation of a company and the tailwinds in the sector.
Read this post again.
6 Likes
Hi @StageInvesting !
Any views on NMDC steel , Patel engineering & Lloyds steel ( now that you’ve mentioned about the metal bul run!?)