My charts (and yours too........)
- Thread starter babukraman
- Start date
- Tags inv hns sffp wipro
Thanks Anayash for bringing this one to the attention of the fourm!
Mr.G.V of Technical Investor group has presented his views on this one on 28th July. Credits to the author! And I'm not able to attach those charts somehow!
Sujana Towers - Can one ask for a longer 'consolidation' period - looks a low risk and high return scrip nearer support
Again, another review by GV on the 15th Aug '10
Sujana Towers underwent a typical behavior on break-out that I outlined in the thread titled 'Geodesic & Sujana on Fire'. In these days of double whipsaws (next what - triple whipsaws ??!!) we have often been seeing stocks break out of a range / pattern on good volumes only to retrace back into the pattern - one reason why I have been preferring to get into a stock during consolidation phase itself and wait to trade for the breakout. However till signs of accumulation are not negated there still exists the possibility of a sustained breakout.
Mr.G.V of Technical Investor group has presented his views on this one on 28th July. Credits to the author! And I'm not able to attach those charts somehow!
Sujana Towers - Can one ask for a longer 'consolidation' period - looks a low risk and high return scrip nearer support
Again, another review by GV on the 15th Aug '10
Sujana Towers underwent a typical behavior on break-out that I outlined in the thread titled 'Geodesic & Sujana on Fire'. In these days of double whipsaws (next what - triple whipsaws ??!!) we have often been seeing stocks break out of a range / pattern on good volumes only to retrace back into the pattern - one reason why I have been preferring to get into a stock during consolidation phase itself and wait to trade for the breakout. However till signs of accumulation are not negated there still exists the possibility of a sustained breakout.
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Hi all,
I’m just veering off my usual path of reviewing the chart patterns and indicators; instead, I’m trying to see if there’s a genuine, false break out or a bear trap. As usual, your feedback and comments are always expected. Hope you aren’t going to disappoint me!
Cheers! Now, time for the review!
NELCO
@ 122.35 (-7.8%)
Perfect bearish down bar reversal at the long term R level of 129.
With the last two days efforts, the stock has managed to break out this R level (with the volume) to close @ 132.75 (Intra day High 135.90). Today, the bulls must have been happier to see a gap up open to feel good about a “natural long” scenario.
But what were the “smart money(SM)” and “market makers (MM)” thinking? May be, to “shake out” the “complacent longs”? They must have shorted at this point which might have, in turn, triggered various types of SL of those longs. When it was free for all, till the 116 levels, the SMs and MMs must have covered their shorts to close @ 122.35.
Let me summarize for the bulls:
* There is a long lower wick in this wide range down bar.
* SMs and MMs might see that there is a value in that level. (hence bought it back)
* There is a hint of SFFP out there.
So, is this a retracement (stretched a bit too far to shake out the “weak longs”) or a genuine bearish reversal with a false b/o written all over it?
Trying to think,
Yours,
Babu Kothandaraman
I’m just veering off my usual path of reviewing the chart patterns and indicators; instead, I’m trying to see if there’s a genuine, false break out or a bear trap. As usual, your feedback and comments are always expected. Hope you aren’t going to disappoint me!
Cheers! Now, time for the review!
NELCO
@ 122.35 (-7.8%)
Perfect bearish down bar reversal at the long term R level of 129.
With the last two days efforts, the stock has managed to break out this R level (with the volume) to close @ 132.75 (Intra day High 135.90). Today, the bulls must have been happier to see a gap up open to feel good about a “natural long” scenario.
But what were the “smart money(SM)” and “market makers (MM)” thinking? May be, to “shake out” the “complacent longs”? They must have shorted at this point which might have, in turn, triggered various types of SL of those longs. When it was free for all, till the 116 levels, the SMs and MMs must have covered their shorts to close @ 122.35.
Let me summarize for the bulls:
* There is a long lower wick in this wide range down bar.
* SMs and MMs might see that there is a value in that level. (hence bought it back)
* There is a hint of SFFP out there.
So, is this a retracement (stretched a bit too far to shake out the “weak longs”) or a genuine bearish reversal with a false b/o written all over it?
Trying to think,
Yours,
Babu Kothandaraman
KINGFISHER AIRLINES
Trend line break followed by a close below previous support of around 73.5-74
Divergence seen on RSI & MACD charts
No significant rise in volume though
Uploaded with ImageShack.us
Trend line break followed by a close below previous support of around 73.5-74
Divergence seen on RSI & MACD charts
No significant rise in volume though
Uploaded with ImageShack.us
Uploaded with ImageShack.us
SUN TV
Close below previous support level of around 490 with high volume!
Divergence seen on MACD, RSI & Stock charts!
Uploaded with ImageShack.us
Close below previous support level of around 490 with high volume!
Divergence seen on MACD, RSI & Stock charts!
Uploaded with ImageShack.us
Previously.........
And now........ on a daily chart
Analysis 20101123 IVRCL Is it longing for a long now?
Even though the (previously discussed) HnS pattern target wasn’t reached, it was still a consistent, southbound move since the 8/11 retest cum break down of the neckline (of 155 levels). The volume levels had been consistent through out this down move of nine sessions,
8th: 2.26 M
9th: 2.23 M
10th: 2.45 M
11th: 1.82 M
12th: 1.60 M
15th: 2.85 M
16th: 2.12 M
18th: 2.21 M
19th: 3.50 M
19th was a wide range bar, O==H and L==C (almost) with a bit of higher volume. The 22nd and 23rd Up bars suggest that the 19th was actually a bottom picking for the “smart money”. Now, let’s have a look at the volume of these up bars
22nd: 3.91 M
23rd: 4.27 M
These volumes suggest that the buying interest indeed has returned. Also, today’s Close has taken out the High of the 19th (the last, wide range bar of the down move). So, isn’t time for a “long”?
By the way, is there any harmonics involved here? Just curious! If anyone could throw some light on this, much appreciated!
Yours,
Babu Kothandaraman
IVRCL - A followup of the 12th Nov review
Analysis 20101123 IVRCL Is it longing for a long now?
Even though the (previously discussed) HnS pattern target wasn’t reached, it was still a consistent, southbound move since the 8/11 retest cum break down of the neckline (of 155 levels). The volume levels had been consistent through out this down move of nine sessions,
8th: 2.26 M
9th: 2.23 M
10th: 2.45 M
11th: 1.82 M
12th: 1.60 M
15th: 2.85 M
16th: 2.12 M
18th: 2.21 M
19th: 3.50 M
19th was a wide range bar, O==H and L==C (almost) with a bit of higher volume. The 22nd and 23rd Up bars suggest that the 19th was actually a bottom picking for the “smart money”. Now, let’s have a look at the volume of these up bars
22nd: 3.91 M
23rd: 4.27 M
These volumes suggest that the buying interest indeed has returned. Also, today’s Close has taken out the High of the 19th (the last, wide range bar of the down move). So, isn’t time for a “long”?
By the way, is there any harmonics involved here? Just curious! If anyone could throw some light on this, much appreciated!
Yours,
Babu Kothandaraman
On a side note, ladies and gents,
I've found a couple of websites which might interest quite a few here.
Nice webinars on TA but the mp4 video file size ranges from 50 to 90 Mb @ worden dot com.
Video collection on various TA aspects @ informed trades dot com
Short and sweet tutorials @ online trading concepts dot com
Hope this helps!
Babu Kothandaraman
I've found a couple of websites which might interest quite a few here.
Nice webinars on TA but the mp4 video file size ranges from 50 to 90 Mb @ worden dot com.
Video collection on various TA aspects @ informed trades dot com
Short and sweet tutorials @ online trading concepts dot com
Hope this helps!
Babu Kothandaraman
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