Doubt Relief !!

[Anupama Singh]

Hi Karthik,

Looking at TA Perspective,could you have a look at GMR INFRA, and EDUCOMP......do you think could enter,or wait for the time being?

Thanks in adv,

Dhanya

Hello Karthik,

Hope you don't mind the questions.I have the same question as Dhanya about Educomp,and also plz have a look at Shrenuj from a technical angle.

Thanks,
Sincerely
Anu

 

[aca_trader]

Murde Ji Uthe.

Karthik Maharaj! Now I guess you have to go beyond AFL's once again.

Best Regards,
--Ashish

 

[avinash]

Good to see this thread back in action....it's been down and out for some time.Looking fwd to answers by Karthik.

Avinash

 

[karthikmarar]

Hi Karthik,

Looking at TA Perspective,could you have a look at GMR INFRA, and EDUCOMP......do you think could enter,or wait for the time being?

Thanks in adv,

Dhanya

Hi Dhanya

GMR Infra The data is too less to any proper TA on this. However looking at the Trendlines the stock is in a downtrend now. The volume is also very low. So better to wait for a trendline break. Chart enclosed.


EDUcomp The stock broke out in august after months of sideways movement. It peaked and pulled back. On Friday it again made a good up move with good volume

The MACD is also below the signals line and looks to be moving up. The stock does look set to move up. An ideal entry would be above the last top of 568. This ensures an up trend. A more aggressive entry would be above the recent congestion or resistance zone around 530 if the stock moves up with good volume. This would ensure the last down trend line is really broken. A more conservative one would be wait for the MACD to give a buy signal.

Here just a word of caution here. Market is in a rather delicate position. Just repeating something I said elsewhere in the forum. Of my opinion has drawn a lot of contrary views. I was apprehensive about the way the prices have inching up on low volume. Which is a sign that markdown may take place. For me it looks as if the sharks are getting ready to make their move. I maybe totally wrong but we dont lose anything by being cautious. So may be better to watch the market before going long.

Regards

Karthik

 

[karthikmarar]

Hello Karthik,

Hope you don't mind the questions.I have the same question as Dhanya about Educomp,and also plz have a look at Shrenuj from a technical angle.

Thanks,
Sincerely
Anu

Hi Anu

Shrenuj- The stock broke out of a sideways range after three months. It dropped below the support line and again bounced back. Only to drop below the support line on Friday. The weekly MACD is about to give a buy signal. The daily MACD is already positive and the ADX also looks ready to take off. The stock does look poised for a good move.
It is a buy above 40 with the weekly MACD turning positive.

Please look at my reply to Dhanya regarding EDU comp

Attaching the daily and weekly charts of shrenuj

Regards

Karthik

 

[Dhanya]

Hi Dhanya

GMR Infra The data is too less to any proper TA on this. However looking at the Trendlines the stock is in a downtrend now. The volume is also very low. So better to wait for a trendline break. Chart enclosed.


EDUcomp The stock broke out in august after months of sideways movement. It peaked and pulled back. On Friday it again made a good up move with good volume

The MACD is also below the signals line and looks to be moving up. The stock does look set to move up. An ideal entry would be above the last top of 568. This ensures an up trend. A more aggressive entry would be above the recent congestion or resistance zone around 530 if the stock moves up with good volume. This would ensure the last down trend line is really broken. A more conservative one would be wait for the MACD to give a buy signal.

Here just a word of caution here. Market is in a rather delicate position. Just repeating something I said elsewhere in the forum. Of my opinion has drawn a lot of contrary views. I was apprehensive about the way the prices have inching up on low volume. Which is a sign that markdown may take place. For me it looks as if the sharks are getting ready to make their move. I maybe totally wrong but we dont lose anything by being cautious. So may be better to watch the market before going long.

Regards

Karthik

Thank you,Karthik.And thank you for that all important word of caution.

Will be careful.

Thx once again,
Dhanya

 

[myloginid]

Hi All,

Any comments on Nirma, Hyderabad Industries and Jindal Saw Pipes...
Nirma - Price is at its lowest. Sales increasse is good - Strong Fundamentals
Hyderabad Industries - Strong Fundamentals again
Jindal Saw Pipes - had just bought an entity for sewage pipes.. prospects look good..

Thanks,
Manish

 

[karthikmarar]

Manish,

Looks like our friend VV has taken a few weeks break. So you have to be satisfied with my answers.

First the time frame of your trade is not mentioned. Looks like you are looking at long term investments. Fundamentals play a more important role in long term investments.

Right now I will look at it technically only

All are in bad shape.

Hyderabad Industries - This has been in a down trend from last September. From 600levels it had fallen to as low as 220. It recovered smartly in July, but could not take out the resistance around the trend line and has fallen back to 290 region and currently moving sideways. I am enclosing the chart. Good example of the resistance offered by the trend line. I would stay away from this till the trend line is broken and an up trend is established.

Jindal Saw pipes Again in a downtrend from March. Currently showing recovery. Would be prudent to wait for the break of the downtrend line. Chart enclosed.

Nirma the down trend line clearly broken and the stock is inching up. Better to buy above the resistance around 415.

On the contrary if you are looking at long term investments with three to fours years you can look at the fundamentals and pick up some these as they are quoted low.

Regards

Karthik

 

[karthikmarar]

Is it my imagination? I see a H&S followed by decending triangles in the 1 min chart before the fall....

Chart attached...

 

[rahulg77]

Is it my imagination? I see a H&S followed by decending triangles in the 1 min chart before the fall....

Chart attached...

Hi karthik,

I saw the chart you have put. Quite a fall today . Ok back to the chart I do not think it is a descending triangle. It looks more like a broadening formation with a flat top which should normally have a upside break as it shows accumulation but then no pattern is a guarantee and a reverse break is even a better opporunity to short as ppl get stuck who took position b4 the pattern is completed. Please correct me if i am wrong.

Rgds

Rahul