Well.. This post is not directed to Stock, in fact directed to what big BS BP has created in Gulf of Mexico.
This stuff never gets relesed..
Visit this link and check the pics...
this is absolutely horrifying dont know, what the BP's $20bn will do..
http://www.aladding.com/newsDetail.cfm?postid=496714
Visit the link.. spread the word...
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Thursday, June 17, 2010
Wednesday, June 16, 2010
Stocks more: Bomdyeing, Century, Cairn, Crompton
And the some stocks jus keep coming:
One more: Bomdyeing:
The stock came down from 630 to 474 from 13 Apr to 25 May. The is now turning, and is lookign poised for an upside burst. This stock can be rocket stock for upmoves. This stock is currently at fairly low ATR, have given a positive 5-13 EMA crossover, could be good long trade with SL of 500, while 1.5x atr suggests a SL of 485. Althought ATR is relatively low, the stop is not too low in absolute terms. However, seems like a good stock to enter. 480 is a good support for the stock and I would say low stop loss would not hurt.
Century Textile:
From one textile stock to other. This one is also sporting a nice Cup and Handle. The currnet price of stock is 467, and the cup and handle lip is at 460. The level 450 is good SL, it is also a the crossover zone where EMA 5-13 and SMA 20 had a crossover. The stock has closed today above EMA 34 and is backed by good volumes over last few days. The ATR is also lowest, can a less risky upside stock.
CAIRN India:
Nice Inverted Head and Shoulder on Cairn India. The stock has given a good positive EMA crossover (5-13-34), the bollinger bands have just now expanded towards bullish, today was a good Bullish Hammer price action and a dip below neckline was bought out completely.
Based on Inverted Head and Shoulder, the target for the stock works out to Rs. 340, vs the current price of 305. The EMA cross over was on 10 June at Rs. 297. This price can be good SL -somewhere in the range of 295 seems a good level. The monthly Pivot of stock is at 295, so this can be a good SL, and would be a good support for the stock.
Crompton Greaves:
Now, this is stock has given a fantastic Inverted head and shoulder with superb EMA Crossover. In fact, the stock has a given a good EMA 5-13-34 crossover and is abvoe its 50 and 89 SMA. Plus, a nice breakout with volumes. The current price of stock is 255. Based on inverted HnS, the target price of the stock works out to 290. A new high is comin for the stock. ATR is at 8, just about taking a turn, could expect this one to go high now. :)
I can say this can be my top pick in the days to come.
Now, I am tired and sleeping, goin by alphabetical order is stopping at C now. :)
There would be loads of more stocks, these sre just few.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
One more: Bomdyeing:
The stock came down from 630 to 474 from 13 Apr to 25 May. The is now turning, and is lookign poised for an upside burst. This stock can be rocket stock for upmoves. This stock is currently at fairly low ATR, have given a positive 5-13 EMA crossover, could be good long trade with SL of 500, while 1.5x atr suggests a SL of 485. Althought ATR is relatively low, the stop is not too low in absolute terms. However, seems like a good stock to enter. 480 is a good support for the stock and I would say low stop loss would not hurt.
Century Textile:
From one textile stock to other. This one is also sporting a nice Cup and Handle. The currnet price of stock is 467, and the cup and handle lip is at 460. The level 450 is good SL, it is also a the crossover zone where EMA 5-13 and SMA 20 had a crossover. The stock has closed today above EMA 34 and is backed by good volumes over last few days. The ATR is also lowest, can a less risky upside stock.
CAIRN India:
Nice Inverted Head and Shoulder on Cairn India. The stock has given a good positive EMA crossover (5-13-34), the bollinger bands have just now expanded towards bullish, today was a good Bullish Hammer price action and a dip below neckline was bought out completely.
Based on Inverted Head and Shoulder, the target for the stock works out to Rs. 340, vs the current price of 305. The EMA cross over was on 10 June at Rs. 297. This price can be good SL -somewhere in the range of 295 seems a good level. The monthly Pivot of stock is at 295, so this can be a good SL, and would be a good support for the stock.
Crompton Greaves:
Now, this is stock has given a fantastic Inverted head and shoulder with superb EMA Crossover. In fact, the stock has a given a good EMA 5-13-34 crossover and is abvoe its 50 and 89 SMA. Plus, a nice breakout with volumes. The current price of stock is 255. Based on inverted HnS, the target price of the stock works out to 290. A new high is comin for the stock. ATR is at 8, just about taking a turn, could expect this one to go high now. :)
I can say this can be my top pick in the days to come.
Now, I am tired and sleeping, goin by alphabetical order is stopping at C now. :)
There would be loads of more stocks, these sre just few.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Stocks: LT, Sugar Stocks, Praj Industries, BHEL
In continuation with my previous post on Nifty (bullish) with Cup and Handle picture on Nifty anda target of approx 5508, I am posting stocks which are givng breakout, but can rally further.
LT: Inverted HnS (giant)
Is this an inverted HnS or what !!!!
Target is 2000, cmp is 1724 and SL would be 1680.
Sugar Stocks:
Looks like somebody found a bottom.
Bajaj Hind: - Cup and Handle and EMA Crossover:
There is a cup and handle structure on Bajaj Hind with a target of 130. Sugar seems to be goin up and sugar stocks are something to hold.
Renuka Sugar:
Renuka Breakout today. Potential target of 80 with SL of 60
Praj Industries:
This is a possible breakout candidate. The stock has a very low ATR of 2.86. The bollinger band has contracted. Today was a good doji - bullish one with increase in volumes and break above today's high of 80.70 could suggest a target of 88 on the stock considering a possible triangle structure. Plus, today there has been a basic EMA crossover of 5-13. Now, tomo a crossing 34 EMA at 81.42 (cmp 80.20) can be good trigger for the stock. One more important fact, I see is the fall from 5th may was marred with low volumes, very stable volumes, no spikes suggesting unusal selling.
EDIT: Addition:
BHEL
Alogn with bullish LT, there is a possible Cup and Handle in BHEL. The price of BHEL is 2400, the target is 2500 (rs. 100 up). The stock has done a cup-lip testing. Plus, ATR is stable. On 10 June, stock gave 5-13 EMA crossover, with breakout. Seems todays testing phase of cup lip of the stock is done.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
LT: Inverted HnS (giant)
Is this an inverted HnS or what !!!!
Target is 2000, cmp is 1724 and SL would be 1680.
Sugar Stocks:
Looks like somebody found a bottom.
Bajaj Hind: - Cup and Handle and EMA Crossover:
There is a cup and handle structure on Bajaj Hind with a target of 130. Sugar seems to be goin up and sugar stocks are something to hold.
Renuka Sugar:
Renuka Breakout today. Potential target of 80 with SL of 60
Praj Industries:
This is a possible breakout candidate. The stock has a very low ATR of 2.86. The bollinger band has contracted. Today was a good doji - bullish one with increase in volumes and break above today's high of 80.70 could suggest a target of 88 on the stock considering a possible triangle structure. Plus, today there has been a basic EMA crossover of 5-13. Now, tomo a crossing 34 EMA at 81.42 (cmp 80.20) can be good trigger for the stock. One more important fact, I see is the fall from 5th may was marred with low volumes, very stable volumes, no spikes suggesting unusal selling.
EDIT: Addition:
BHEL
Alogn with bullish LT, there is a possible Cup and Handle in BHEL. The price of BHEL is 2400, the target is 2500 (rs. 100 up). The stock has done a cup-lip testing. Plus, ATR is stable. On 10 June, stock gave 5-13 EMA crossover, with breakout. Seems todays testing phase of cup lip of the stock is done.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Friday, June 11, 2010
Nifty Elliott Wave Commentary
Well, today's price action, totally took out my preferred Scenario 3 as posted in my yesterday's blog. However, today mid-market of Inverted HnS post was timely to point an upward target of 5140. Now, it seems US indices are in wave 2 action.
There is massive cup and handle structure possible on Nifty, which itself has a possiblility to take Nifty to 5505.
The structure marked on the chart is huge Cup and Handle Formation, provided market goes above the lip of cup of 5140. Now, this shall be more important as on today;s candle all 3 important Fibo EMA (5,13,34) shall give a positive crossover - provided that tomo is good follow-up bullish candle.
Based the above conditions, then market can have a target of 5508 for now.
Now, readers would say, that I was massively bearish yesterday and today I am super bullish. Well, the case now is I see a Cup and Handle strucure in making. I am still with my preferred Bearish wave count, which shall hold until top made at 5390 is not breached. Plus, there are major hurdles at 5200 - 5300 marking resistances at each 100 point rise. In case of new high made, I would be prompted to considered
Nifty EOD Chart:
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
There is massive cup and handle structure possible on Nifty, which itself has a possiblility to take Nifty to 5505.
The structure marked on the chart is huge Cup and Handle Formation, provided market goes above the lip of cup of 5140. Now, this shall be more important as on today;s candle all 3 important Fibo EMA (5,13,34) shall give a positive crossover - provided that tomo is good follow-up bullish candle.
Based the above conditions, then market can have a target of 5508 for now.
Now, readers would say, that I was massively bearish yesterday and today I am super bullish. Well, the case now is I see a Cup and Handle strucure in making. I am still with my preferred Bearish wave count, which shall hold until top made at 5390 is not breached. Plus, there are major hurdles at 5200 - 5300 marking resistances at each 100 point rise. In case of new high made, I would be prompted to considered
Nifty EOD Chart:
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Thursday, June 10, 2010
Nifty 10 June Intraday Update
Break above 5040 could be an inverted HnS with target of 5140 (100 points distance between Neckline and Bottom of Head. This shall be further alternate scenario to yesterday's chart, where 4940 can be an X wave and we may make a direct double combination structure up. But break of 5040 and retest fo Neckline shall be able to give a better picture
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Nifty Elliott Wave Analysis: 9th June 2010 (for 10 June 2010 onwards)
Elliott Wave Interpretation: The down fall that started from 5397 level, is what I believe to be started for next leg down for market - this can be probably be Primary Wave C or Primary wave 3 for the market. But, that would call for a longer discussion.
Immediate downtrend interpretation: The down trend from 5397 to 4787 is what i have considered as Wave 1 (i have seen many places that this is named as something abcxabc); but i believe this is an impulse action with Wave 1 taking the shape of Leading Wave (since wave 4 enters the territory of wave 1. After the low of wave 1 at 4787, an upward move started, which I consider to be wave 2. Now, wave 2 generally retraces 61.8% to 80% of wave 1.
Now distance covered by wave 1 is [5395 - 4785] = 610 points say 600 points in a span of 48 days (including weekends this is just the total number of days). So based on a 61.8% retracement of wave 1, Nifty had a target of 5155 and 80% retracement a target of 5265. Nifty made a high of 5135 on 4th June 2010. This is 20 point short of 61.8% retracement. That can an acceptable retracement level for wave 2 (for now can be considered).
So considering a scenario that wave 2 have been retraced, we can see a commencement of wave 3. Based on that consideration, wave 3 can be 1.618 of wave 1 which means 1.618 x 600 = 970 (points) from that start of wave 2 (5135). In that case target for wave 3 ideally can be level of 4164. I believe, the wave structure is inline for this target.
Based on the commentary on the chart, there is a Head and Shoulder structure possible with Left Shoulder, Head and a Right Shoulder (underconstruction) with neckline at 4940. A break of this level with volumes, I expect a target of Nifty of 4745 (which would have a Stop loss above the neckline zone). So considering the low of wave 1 is breached on account of this HnS structure, then I would be confident about the target of Nifty at 4164. Now, assuming this fall has commenced, it is not goin to a straight line, but it wil have bounces within its path.
Scenario 2: Considering wave 2 has not completed, in that case, market should bounce at 4940 level, and above 5140 level, there can be a separate Inverted Head and Shoulder pattern for the market with a target of 5400 level, that i cannot rule out. However, for that, market needs to break the high made.
Scenario 3: We are in wave 2, but wave has not ended. As u can see the upside move of wave 2 has been 3 waves a(5070)-b(4940)-c(5135). Now, assuming that we are still in wave 2 and wave is a Flat correction, in that case, based on HnS target og 4745, Nifty's fall stop at previous low of wave 1 at 4785, from where Nifty shall again go up in 5 wave up move. That would also be an ideal scenario based on a time scale analysis. See, the time required for Nifty fall has been 48 days. Considering this 48 days at 0.618 time line and wave 2 to occupy 0.382 time scale so that wave 1 and 2 make up time line of 1x. In that case, wave 2 calls for 30 days of upmove from 25 May 2010. So 30 days more would be 25 June 2010. Also, we know in Flat Wave all waves are generally equal. Putting that for time scale, in tht case, wave A from bottom of 4785 to 5135 has taken 11 days, so 3 wave of equal time line would have mean total time for 3 wave would be 33 days. This is nearly equal to time calculated under first scenario of 30 days. In that case, this Scenario is most likely with possibility of Nifty reaching 4785 by 16 June 2010 and by month end Nifty again reaching 5155 to 5200 levels. This can be an ideal scenario, as it fits both time and price and structural equation.
Nifty Chart: 30 Min chart
Nifty EOD Analysis
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Immediate downtrend interpretation: The down trend from 5397 to 4787 is what i have considered as Wave 1 (i have seen many places that this is named as something abcxabc); but i believe this is an impulse action with Wave 1 taking the shape of Leading Wave (since wave 4 enters the territory of wave 1. After the low of wave 1 at 4787, an upward move started, which I consider to be wave 2. Now, wave 2 generally retraces 61.8% to 80% of wave 1.
Now distance covered by wave 1 is [5395 - 4785] = 610 points say 600 points in a span of 48 days (including weekends this is just the total number of days). So based on a 61.8% retracement of wave 1, Nifty had a target of 5155 and 80% retracement a target of 5265. Nifty made a high of 5135 on 4th June 2010. This is 20 point short of 61.8% retracement. That can an acceptable retracement level for wave 2 (for now can be considered).
So considering a scenario that wave 2 have been retraced, we can see a commencement of wave 3. Based on that consideration, wave 3 can be 1.618 of wave 1 which means 1.618 x 600 = 970 (points) from that start of wave 2 (5135). In that case target for wave 3 ideally can be level of 4164. I believe, the wave structure is inline for this target.
Based on the commentary on the chart, there is a Head and Shoulder structure possible with Left Shoulder, Head and a Right Shoulder (underconstruction) with neckline at 4940. A break of this level with volumes, I expect a target of Nifty of 4745 (which would have a Stop loss above the neckline zone). So considering the low of wave 1 is breached on account of this HnS structure, then I would be confident about the target of Nifty at 4164. Now, assuming this fall has commenced, it is not goin to a straight line, but it wil have bounces within its path.
Scenario 2: Considering wave 2 has not completed, in that case, market should bounce at 4940 level, and above 5140 level, there can be a separate Inverted Head and Shoulder pattern for the market with a target of 5400 level, that i cannot rule out. However, for that, market needs to break the high made.
Scenario 3: We are in wave 2, but wave has not ended. As u can see the upside move of wave 2 has been 3 waves a(5070)-b(4940)-c(5135). Now, assuming that we are still in wave 2 and wave is a Flat correction, in that case, based on HnS target og 4745, Nifty's fall stop at previous low of wave 1 at 4785, from where Nifty shall again go up in 5 wave up move. That would also be an ideal scenario based on a time scale analysis. See, the time required for Nifty fall has been 48 days. Considering this 48 days at 0.618 time line and wave 2 to occupy 0.382 time scale so that wave 1 and 2 make up time line of 1x. In that case, wave 2 calls for 30 days of upmove from 25 May 2010. So 30 days more would be 25 June 2010. Also, we know in Flat Wave all waves are generally equal. Putting that for time scale, in tht case, wave A from bottom of 4785 to 5135 has taken 11 days, so 3 wave of equal time line would have mean total time for 3 wave would be 33 days. This is nearly equal to time calculated under first scenario of 30 days. In that case, this Scenario is most likely with possibility of Nifty reaching 4785 by 16 June 2010 and by month end Nifty again reaching 5155 to 5200 levels. This can be an ideal scenario, as it fits both time and price and structural equation.
Nifty Chart: 30 Min chart
Nifty EOD Analysis
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
Tuesday, June 8, 2010
Restarting blog: Back from CFA exam
Hi all,
restarting the blog, wil be posting Charts.
I was out, cause I had CFA (Level 1) exams. So blogging and stock markets was on hold. Learnt a lot in the syllabus. Wil post a synopsis on conducting Fundamental Analysis.
Now, no charts yet, but my primary outlook is bearish will be adding charts and more. I am still at office, so hopefully tonight will add charts - Indian and Global.
Vivek
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
restarting the blog, wil be posting Charts.
I was out, cause I had CFA (Level 1) exams. So blogging and stock markets was on hold. Learnt a lot in the syllabus. Wil post a synopsis on conducting Fundamental Analysis.
Now, no charts yet, but my primary outlook is bearish will be adding charts and more. I am still at office, so hopefully tonight will add charts - Indian and Global.
Vivek
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
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