StageInvesting +Elliot Waves

Hello sir , thank your for all the awesome charts.
Can you take a look at LTTS , Tata Comm, and polyplex.
Thanks in advance.

We’re currently in high -momentum sectors ,hence not paying attention to these.

Listen to the markets and get into the trending sectors & stocks if you wanna make decent ROI.

One can have a bottom-fishing approach but that’s not our style :pray: as we don’t want to waste a rally.

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Hello Sir

Is there any recent addition/deletion to the portfolio?

Thanks

If you dont mind, could you tell us how you measure the momentum?

Few new entires during last week

South Indian Bank
GMDC
Pennar Industry

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Hi…pls analyse chart of HGinfra

Any changes in the Global portfolio?

Oh - We GOT OUT LONG TIME BACK.

When Indian markets are doing so well ,then why to waste time and energy during nights.

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Well…there are few things that one can track …

a) Which sectors are in favor - one can tack sectoral indexes. For example , Power, Infra, Railways, PSU, PSU banks , MidCap IT ,Water pipes are the leaders of current rally …most the economy facing sectors. You can make watchlist of all the sectors and see which are moving up , at a speed.

Once you identify a trending sector, then you have to find a good stock based on the following ( apart from having strong fundamnetals)

b) Relative strentgth of the stock-price vs Index - for Mid Cap company ,one can use Mid Cap index. See whether your stock is moving faster than the index ( above 0 line) .For Nifty 50 company, one can put Nifty 50 in relative strength index.

c) RSI - Ideally one should prefer a stock where RSI is above 60 on all the time frames.

Hope this helps.

Here is a chart for a PSU company…where we have shown all the mentioned indicators so that the readers can understand the concept very well…

Hope this is helpful.

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WOW…Thank you for your patience and dedication in simplifying this for me. It’s an incredible skill to be able to bridge the gap between complex concepts and simple understanding

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There are many other finer nuances that one learns by experience ,by experimenting and by making mistakes.

Try to keep a journal of RSI, RS number (on daily, weekly,monthly timeframes) and any othe rindicators , moving averages ( that you prefer) whenever you enter a stock and keep checking on what worked best …find the common traits among all successful entries…those common traits would be your set-up.

Keep in consideration that even the best set-ups fail during balck-swan and in an unfavorable markets. So keep a stop loss level for every investment.

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Dear Readers

Important Announcement

We plan to have a free Zoom Session on September end for sharing all our learning of technical -analysis.

Our purpose of being on this platform is to spread learning. Form day one , we are sharing our knowledge of technical analysis on this platform. But written text has its own limitations. Hence we have come out with Zoom seminar idea.

Keep in consideration that we don’t sell any services .

This is our way to pay back to the society and a little contribution to create awareness among the investors of our country.

Would decide whether we would have one session or series of sessions.

If you’re interested , please drop a message in reply here ( no private message please).

If we find good number of serious investors , we would go ahead with this idea. Otherwise we would drop it.
Regards,

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Sorry to say that we won’t be providing any recording.

We believe that if someone has a real need ,he/she would make time for the same.

We’re not interested in wasting time for non-serious people.

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Gail
CMP 117

Trading near 52 weeks high .Had broken it earlier and restested the same.

Currently daily RSI is just below 60 …to catch speed ,daily RSI needs to be above 60 and MACD should give a buy-signal ( a PSU heavyweight stock , needs lots of lifting to move up)

Next level/resistance to watchout is 132 .

From EW prespective it is in larger wave 3.

Weekly Chart

Disclaimer : 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

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@StageInvesting

Please announce the dates and other details whenever you finalise things. And to all others interested in participating, please do not litter this thread with " I am interested" kind of useless posts… We don’t want the stupidity here that is common in whatsapp groups where people keep repeating happy birthday, congratulations etc without any rhyme or reason.

PLEASE READ ABOVE MESSAGE AND STOP IRRELEVANT MESSAGES RELATED TO THE WEBINAR. JUST PRESS A LIKE BUTTON IF AT ALL YOU FEEL LIKE DOING SOMETHING. WHEN TIME AND DETAILS ARE DECIDED, AS MENTIONED ABOVE, @StageInvesting WILL PROVIDE DETAILS.

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Agree with you fully. A simple like on the announcement post is sufficient.

Will provide date and time in due course. Thanks.

Hi @StageInvesting ! Could you post the charts please for GMDC and SIB?

Cheers,
Rahul

CMP 1912

Seems that it is starting the next leg.

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Hello
Could you please the analysis I have done for VST tillers? It is done in weekly time frame. Has given good breakout, with decent volumes. Looks like it has entered 3rd stage now, isn’t it?

Could anyone throw some light on the charts of HG infra/PNC Infra/Capacite Infra?