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Sri Lanka Equity Forum » Stock Market Talk » ASI 12.10.2016

ASI 12.10.2016

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1ASI 12.10.2016 Empty ASI 12.10.2016 on Thu Oct 13, 2016 11:57 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ASI 12.10.2016 Asi_0310

2ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 1:29 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
13.10.2016 1.25 PM Chart

ASI 6479 will get Fibanachi Support. 

according to this chart. 6472 is giving another good support. 

still I expect swing today. will see
ASI 12.10.2016 Asi_0410

3ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 5:12 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Today index end up at 6487.13. Based on chart 6472 is the support level leaving a negligible margin. In case it is breached tomorrow what would be the next strong support level.

4ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 5:28 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:Today index end up at 6487.13. Based on chart 6472 is the support level leaving a negligible margin. In case it is breached tomorrow what would be the next strong support level.

Rectangle patterns, wedge, Triangle , Pennant  are on the way. strong support area.  
6432 
6383
6250 (strong support from FIB)

I hope tomorrow market will be bounce back. 6432 next point.

Market does not have mush push go up and down. market should be stay between RSI 30-70 level for some amount of time. every one watching Budget. I think expect good budget. that means dont change anything except VAT 

constitution  and local government election are helping to us.

5ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 7:17 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
6500 is no more a key figure or physiological one.Market can easily break 6500 now actual resistance is around 6600.Market is kept low these day.Tomorrow it will turn. Fingers crossed.

6ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 7:45 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ASI 12.10.2016 Asi_0510

Pennant is creating line 1 and 2

Line 3 is already broken and expecting bounce back tomorrow. bcz FIB and Pennant Pattern support also getting. 

if tomorrow green then i will draw a another chart.

7ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 8:02 pm

sameboy

sameboy
Manager - Equity Analytics
Manager - Equity Analytics
stockback kohamada oya chat ganne, kiyala dennako mata

8ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 9:18 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
what next

ASI 12.10.2016 Asi_0610

9ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Thu Oct 13, 2016 9:19 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sameboy wrote:stockback kohamada oya chat ganne, kiyala dennako mata


I have draw these chart try learn from investopedea.

search on google and used some old posts in this forum...

10ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 8:51 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@stockback wrote:
@sameboy wrote:stockback kohamada oya chat ganne, kiyala dennako mata


I have draw these chart try learn from investopedea.

search on google and used some old posts in this forum...
stockback, Could you please share with us the link of the chart drawing page. I went to the site but can't find a page to see charts

11ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 9:13 am

EquityChamp

EquityChamp
Moderator
Moderator
Hmm. Good that some are interesting on charts as well rather than following the promoters.

12ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 12:05 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Turn over getting better. I need another 200-300 Millions trans action need to confirm next trend.


will see....

13ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 12:38 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Another 200-300m is very unlikely considering the rest of trading time today. Dull market goes on unless few crossings take place. To early to think of budget impact but people still sell off their holdings at lowest.

14ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 9:07 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:Another 200-300m is very unlikely considering the rest of trading time today. Dull market goes on unless few crossings take place. To early to think of budget impact but people still sell off their holdings at lowest.


My Target is success. I said 275 Millions turnover time, added nearly 300 Millions.

15ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 14, 2016 9:08 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:13.10.2016 1.25 PM Chart

ASI 6479 will get Fibanachi Support. 

according to this chart. 6472 is giving another good support. 

still I expect swing today. will see
ASI 12.10.2016 Asi_0410


I am Happy with today Performance of ASI.

any Ideas...

16ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Sat Oct 15, 2016 12:51 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback
good. Do u mind to mind to name each line as you did before. Thx.

17ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Sat Oct 15, 2016 1:59 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:@stockback
good. Do u mind to mind to name each line as you did before. Thx.


Line 0 is same line I used before. 

Line 1 didnt show this diagram 

Line 2 is lower line of that Chanel and lower line of  Pennant patter. Line 1 is upper Line of Pennant Pattern.

I think its clear now?

ASI 12.10.2016 Asi_0411

18ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Sat Oct 15, 2016 3:22 pm

Garayaka


Stock Analytic
Stock Analytic
I have added the same chart with increased time interval for 5 days to see the long term trend.

For me it seems trend is good for the future unless government continue to go ahead with failing political agendas. 

ASI 12.10.2016 Trend10

19ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Sat Oct 15, 2016 10:19 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback
I believe you are not tired of my non-ending clarification sought.
What indication given by the gap on top part of line 3 (dark blue) & line 2 (light blue). Is it the future trend line upwards? Thx.

20ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Sat Oct 15, 2016 10:55 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
at the mment we are in Line 1 and Line 2 - please follow all charts.

hope to break Line 1. bcz ASI didn't get Fib resistance when ASI try to break Line 1. and also creating triangle pattern to upside. when its reach to Triple Top level..

My idea is Trend is positive now. and last Friday we seen some good support. and also traded around 600 Million worth stocks. next money I hope ASI green and trading above 600 Millions worth stocks.

if i am wrong. please tell me...

21ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Mon Oct 17, 2016 1:40 pm

Garayaka


Stock Analytic
Stock Analytic
So many panic seems going on. Does someone knows a
possible reason?
@stockback
Are we heading for 6383 resistance?
Thanks in advance.

22ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Mon Oct 17, 2016 1:58 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
6432 
6383
6250 (strong support from FIB)


when ASI reach to 6432. RSI is very close to 30 level. we can expect bounce back from that point.


and also I expect JKH run. that is positive sign.

23ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Mon Oct 17, 2016 2:17 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The time RSI touches 30 level market indicates the oversold situation & technically bouncing back is possible. Since ASPI heavily depends of JKH. further plunge of JKH ( for many reasons) may not be in line with technical indicators. Any comments please.

24ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Mon Oct 17, 2016 2:21 pm

Garayaka


Stock Analytic
Stock Analytic
Last time JKH dropped once Jkhw12 converted shares came to market. If same happen here ASI may go further down a bit.

However It shouldn't go much since no one to sell after

25ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Mon Oct 17, 2016 2:38 pm

Garayaka


Stock Analytic
Stock Analytic
Very low turnover. Turnaround may possible.

26ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Tue Oct 18, 2016 11:31 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As indicated above next support level is 6432. Market volatility is still shown with low volume of trades. Perhaps advanced disclosure of budget proposals could be an attractive force to strength the investors' confidence.

27ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Tue Oct 18, 2016 11:32 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As indicated above next support level is 6432. Market volatility is still shown with low volume of trades. Perhaps advanced disclosure of budget proposals could be an attractive force to strength the investors' confidence.

28ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 21, 2016 8:51 am

EquityChamp

EquityChamp
Moderator
Moderator
It seems that investors pressed the cautious button ahead of budget. Feel this gloomy mood to prevail till the budget proposals are announced.

29ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 21, 2016 10:10 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Market is facing situational factors. Visibly for a short period. May drag to mid term depending on the gravity.

30ASI 12.10.2016 Empty Re: ASI 12.10.2016 on Fri Oct 21, 2016 4:39 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ASI 12.10.2016 Asi_0710

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