Technical Analytics & Charts (1)

Here is my view on JKH.N....appreciate one of the members for highlighting this one i guess it was whitebull......thanks for showing this on a chart, although we tend to disagree abouts how we percieve on the same counter about whether Inversed H&S formation. But this what all of us need in a forum,diversified opinions ....and not to proove who is right and who is'nt.

all we need is healthy conversation... to keep thing moving.

my chart indicates a trend reversal for this counter, and possibly heading towards 205~210.
let me remind you i am not holding this one as yet.so i am not trying to promote nor advise you to buy this one.

i am seeing price continuation till 210 rs..and to get in or wait for the throwback to reach the neckline before jumping in.....if it occures then we are looking basically for 60Rs gain on this one minimum.

more aggressive traders perhaps would tend to disagree and jump in right now to maximise their profits.

Good Luck & see you again on another counter....

Bullish
TAH
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Another point to note here is the counter already had made a correction to the lower by retracing around 50% fib levels, and it is on its way up steadily......

Hope the additional information, was worth enough, more pessimistic or bearish folks can ignore.... and keep selling

Sleepy
TAH

traderathome wrote:Ok.. i will explain in most simplest.....longterm traders can continue to hold their shares till about 6200 ASPI level, and sell 1/3........ look for 2nd sell off around 7200 level 3rd around 7800 levels. try and load at these levels to maximise.....while selling the earlier lots you purchased.

hope you got it now....

Friendly
TAH

thank you

did receive a cheque from odel..

anyone received ? AGAL div cheque,i have no freaking idea whether it got lost in the mail...as you all know how good /dependable our postal service is..........

anyidea guys about AGAL..appreciate your help,as these days i am highly relying on the div cheques..u see i'm broke in other words
jus managing to survive .....

Here is the JKH confluence on 3 patterns;
Inversed H&S
Symetrical Triangle Continutation
5-0 Harmonic (now preciely drawn).......

This Not Promotional Material...only to assist anyone holding this counter with possible profit taking

Good ENTRY was 190Rs.
Target (Possible) 260+ min.




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5-0 Pattern Bullish Harmonic is confirmed when the reversal took place at the last leg up when it retraced to 50%+ Fib levels to precised (61.

The correction completed and now its moving up...we should see some upward momentum gathering its pace.....

Symetrical Triangle continuation is also detected..... target 260+

H&S inversed to confirm when CMP reaches 200+Rs

Good luck
TAH

traderathome wrote:Here is the JKH confluence on 3 patterns;
Inversed H&S
Symetrical Triangle Continutation
5-0 Harmonic (now preciely drawn).......

This Not Promotional Material...only to assist anyone holding this counter with possible profit taking

Good ENTRY was 190Rs.
Target (Possible) 260+ min.

Good work BTW...

Well Hope I'm not disturbin, I was waiting till u draw the I-H&S cuz as I saw it at that time it has a distorted head (like the ASI H&S pattern which became tru after all)
After the low and hi fib levels, the correction seems happening which can drive the price.

Have you checked the Vol levels too?
Already Rs.22.4 /- up for past 11 days trading..

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The target of 260 was derived from the next correction phase I guess??

The 260 Target is based on ;
1.Diff between right neckline and lower of the Head approximately 60 Rs., so from the neckline =rs 200+60= 260

The Symetrical triangle gives similar target.

I need to pump /inject fresh cash to my portfolio....
it will take few more days to finalise my last tranche, thats all and my equity fund would be complete.

Hopefully i can double it in 3 years at least.

Regards
TAH

traderathome wrote:here is the updated asi chart with the reversal points. and possible targets for the long term....5500, 6200 7250 and 7800


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another uncertainity in euro, now its cyprus in a bail out situ. The cyprus economy and banks more or less dependable on greece. the cypriots went to russia and china for loans both refused....
on another note germany wants greece out of euro to make it more manageable. that will make the euro more attractive and strong.......

the ASI chart still intact with 5100~4050...any significant levels below 4050 will invalidate bullish shark pattern... i am expecting a correction in 6000-6400 levels to the low.

regards
TAH

Asia Stocks Fall on Europe Concern; Copper Gains
By Richard Frost and Adam Haigh - Jun 26, 2012 8:14 AM GMT+0400
(Bloomberg)

Asian stocks fell for a fourth day as HSBC Holdings Plc cut its outlook for China’s economy, South Korean consumer confidence dropped and German Chancellor Angela Merkel hardened her resistance to euro-area debt sharing before European leaders meet this week. Copper and corn rallied.

The MSCI Asia Pacific Index slid 0.6 percent as of 1:13 p.m. in Tokyo, set for its longest losing streak in three weeks. The Nikkei 225 Stock Average dropped 1.1 percent, while Standard & Poor’s 500 Index futures added 0.2 percent. The New Zealand dollar strengthened against all 16 major peers after the country appointed a new central bank governor. Copper climbed 0.6 percent after U.S. new-home sales reached a two-year high, while corn cost the most since November as dry weather wilted crops.
HSBC lowered its projection for China’s economic expansion this year to 8.4 percent from 8.6 percent and the Bank of Korea’s sentiment index slipped to a three-month low. Merkel rejected joint euro-bloc bonds or bills in a speech in Berlin yesterday. Moody’s Investors Service downgraded 28 Spanish banks, citing the country’s sovereign debt and rising losses on real estate loans, before Spain and Italy sell debt today.

“There’s increasing concern that the EU summit won’t work out concrete measures to overcome the debt crisis as there has been no change in Germany’s resistance to euro-zone debt sharing,” said Fumiyuki Nakanishi, a strategist at Tokyo-based SMBC Friend Securities Co.

Merkel Hardens Resistance to Euro-Area Debt Sharing
Chancellor Angela Merkel hardened her resistance to euro-area debt sharing to resolve the region’s financial crisis, setting Germany on a collision course with its allies at a summit of European leaders this week.

Merkel, speaking to a conference in Berlin today as Spain announced it would formally seek aid for its banks, dismissed “euro bonds, euro bills and European deposit insurance with joint liability and much more” as “economically wrong and counterproductive,” saying that they ran against the German constitution.

“It’s not a bold prediction to say that in Brussels most eyes -- all eyes -- will be on Germany yet again,” Merkel said. “I say quite openly: when I think of the summit on Thursday I’m concerned that once again the discussion will be far too much about all kinds of ideas for joint liability and far too little about improved oversight and structural measures.”

The German chancellor will face an increasingly united bloc of euro-area nations at the summit as fellow leaders in France, Italy and Spain plus investors such as George Soros press her for more ambitious policies to help bring down borrowing costs across the 17-nation euro region. Soros urged Merkel to agree to a fund to buy Italian and Spanish bonds in return for those governments implementing budget cuts, or risk a “fiasco.”
‘Wrong Direction’

“Merkel has emerged as a strong leader,” the billionaire investor said in an interview in London. “Unfortunately, she has been leading Europe in the wrong direction.”

The euro and stocks fell today, with the Stoxx Europe 600 Index (SXXP) retreating 1.4 percent to 243.04 as of 5:21 p.m. in Berlin. The euro dropped 0.7 percent to $1.2483.

Merkel’s comments are also a rebuff to global partners from the U.S. to India and China, whose leaders have been pressing Germany to do more to stem the crisis. At the Group of 20 summit in Mexico last week, Merkel was among the euro-area leaders who pledged to “take all necessary measures to safeguard the integrity and stability” of the joint currency.

“Merkel is following a very careful strategy,” Eric Wand, a fixed-income strategist at Lloyds Banking Group Plc in London, said in a note today. First was the fiscal pact, which most EU countries are due to ratify in July, and then comes “extending Brussels control” over national budgets, he said.

For Merkel, that’s a building block toward “eventually accepting a debt-sharing solution,” he said. “Of course, more control to Brussels means some loss of sovereignty which, for now, the French seem unwilling to accept.”
Rome Talks

At a June 22 four-way summit meeting in Rome, Merkel faced a united front among her three interlocutors -- Italian Prime Minister Mario Monti, French President Francois Hollande and Spanish Prime Minister Mariano Rajoy -- on making the euro region’s rescue funds more flexible. She dismissed a Monti plan last week to use the funds -- the temporary European Financial Stability Facility or the permanent European Stability Mechanism -- to buy bonds, and spelled out her opposition to directly recapitalizing banks.

“There must not be an imbalance between liability and control,” she said today. “For instance, we would do a European deposit insurance immediately if it doesn’t lead to common liability but to improved oversight possibilities and standards.”

As she prepares to meet again with Hollande in Paris on June 27, on the eve of the EU summit, Merkel said that European leaders have to get rid of the “deficiencies” that developed when the economic and currency union was founded 20 years ago.

“Liability and control have to be in balance,” she said. “So the goal has to be a political union in which the standard is whatever is the best, not mediocrity.”
http://www.bloomberg.com/news/2012-06-25/merkel-rejects-joint-euro-bonds-bills-with-all-eyes-on-germany.html

did any1 receive agal dividend cheque ........

i did not receive still ...

traderathome wrote:did any1 receive agal dividend cheque ........

i did not receive still ...

finally spoke to co secs and the chq will be issued next week......i have no idea what stopped them not to release it.

havent got anything interesting to put on chart. bot few shares of lwl to average and level out initial lot around Rs25000/-

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Here is a chart open for discussion. im still bullish bias technically, and we can not negate the thought that the current mkt price of the counter would not reach 155-165 which would confirm the price trending on a bearish channel.Also there is a chance of price bouncing off at same level around 155-165 this is the market to decide of course. the sentiments can play a vital role short term basis. please do not discount that the price is holding around the 180ish....so the support is still intact @180.

Hello traders, i am posting a chart on TYRE i am quiet fascinated about this counter although not holding ATM. but i am contemplating to own few shares just before the XD date, hopefully.

imo i feel the bottoming is almost over when it touched the 20ish mark (vis 161 fib, isnt that amazingggggggggg how fib levels work most of the time) and now in the correction phase so short term profit taking around 30ish due to mistrust of the market direction by most traders who are comfortable taking small profits, can push the prices down towards a ranging for several weeks or months before retesting again to go above 30. The support at 20 has been intact since 2009 August, before the bull that touched 60ish. the potential bull run can far exceed this target this time around.

But for a longterm trader i feel its safe to Book profit much higher than 30ish midterm level, and imo Rs 55 is a nice figure to offload part, if we could get there in about 12 to 18 months, that would be 100% gain in 18 months, inturn its about 67% gain p.a. without dividends.

Those who are cautious in buying could wait for its most recent quarterly results before thinking to buy.

Have a good one, cheers all

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Retail Entry
26 Jul, 2012 15:43:44
Sri Lanka fashion retailer to be bought by Parkson Retail
July 26, 2012 (LBO) - A 41.8 percent stake in Sri Lanka's ODEL, a fashion retailer is to be acquired by Parkson Retail Asia, a department store which has operations in Malaysia, Vietnam and Indonesia for 1.424 billion rupees.
The East Asian firm has agreed to pay 23.50 rupees a share to buy the 60.6 million shares from founding siblings, Otara Gunewardene (27.8 percent) and her two brother Ajit (13.6 percent) and Ruchi (0.34 percent), the company said in a statement.

The new buyer will make an offer to buy out existing shareholders at the same price. ODEL stock has move up in recent days from around 17 to above 23 rupees on speculation of a take-over.

Otara Gunewardene will retain a 27.8 percent stake and remain its chief executive.

"The acquisition by Parkson Retail of a significant ownership in ODEL marks a new chapter in the evolution of the company," she said in a statement.

"Being part of a 22-year journey from a business I started from the boot of my car to becoming part of an international retail company is a great privilege.

"I am also happy to play a role in an infusion of foreign direct investment to Sri Lanka, while raising capital for the company’s growth.”

"For our customers, employees and shareholders, this development represents exciting new prospects as the ODEL brand will have more opportunities to maximize its potential and together with Parkson to explore new avenues to add value to the company.”

The firm will also make a 1 for 1 rights issue that will raise 2.899 billion rupees for expansion.

Bought RICH,CTEA,HNBX,LLUB
Sold TJL/PLC/BFL/ODEL

Pending Buy Orders NEST/DIMO

Thinking to Increase/Add
COMBX/NDB/JKH

Did anyone noticing ASPI 50 and 100 MA...interesting one for those looking for the turnaround, how it detected the bearish trend last year june (2011).

Its immediate concern to break 5100 Res. meaning short term and to next level would be the crossover to 100 MA around 5200 as per current condition.[img][You must be registered and logged in to see this image.][/img]

for bearish to continue it would mean to slide further to 4500 levels which give a bulls to take another go at 5000.

So its all a waiting game until market bulls finds its rhythm, and march upwards. let the market decide its direction.

if the retail participation is active very sure market bullishness will prevail, if the govt takes a cautious approach not to hurt sentiments and to send the wrong signal, by removing heads of SEC.

best regards
TAH

traderathome wrote:Bought RICH,CTEA,HNBX,LLUB
Sold TJL/PLC/BFL/ODEL

Pending Buy Orders NEST/DIMO

Thinking to Increase/Add
COMBX/NDB/JKH

this post is not to indicate or induce any1 to follow me, but to let to show what stocks i am following, and your opinion counts....?

i am basically expecting some of the shares which i sold to come down, so that i could give another try later ....... and some shares i sold to restructure my portfolio. and get rid of some wrong calls at BE or small profit.

so you see i am all human....and make errors in judgment...

European Central Bank President Mario Draghi will hold talks with Bundesbank President Jens Weidmann in the coming days in an effort to overcome the biggest stumbling block to a new raft of measures including bond purchases, two central bank officials said.
Having secured the backing of governments in Spain, France and Germany, Draghi is now seeking to win over ECB policy makers for a multi-pronged approach to reduce bond yields in countries such as Spain and Italy, the officials said on condition of anonymity because the talks are private.

Draghi’s proposal involves Europe’s rescue funds buying government bonds on the primary market, flanked by ECB purchases on the secondary market to ensure transmission of its record-low interest rates, the officials said. Further ECB rate cuts and long-term loans to banks are also up for discussion, one of the officials said.

The euro strengthened, and was up 0.4 percent on the day at $1.2337 as of 6:49 p.m. in London. U.S. stocks rallied and gold futures extended gains.

Draghi is trying to put together a game changer in the battle against the sovereign debt crisis, and winning Weidmann’s support would enable him to present a united front to financial markets. Draghi flagged the intervention yesterday, saying the ECB will do whatever it takes to preserve the euro. The Bundesbank responded today by reiterating its opposition to ECB bond purchases.
Building Consensus

Draghi will speak with Weidmann before the ECB’s Governing Council convenes in Frankfurt on Aug. 2, the officials said. He has also reached out to other ECB policy makers in an effort to build consensus, they said. A Bundesbank spokesman declined to comment.

An ECB spokeswoman said in an e-mailed statement that it is usual practice and nothing special for Draghi to meet or talk with members of the Governing Council. She declined to comment on the content of any talks.

Draghi has already secured the endorsement of Germany and France for a plan to reduce bond yields in Spain and Italy, which are threatening the existence of the euro.

German Chancellor Angela Merkel and French President Francois Hollande echoed Draghi’s language after a telephone conversation today, pledging to do everything to protect the single currency. The two largest euro-area economies are “bound by the deepest duty” to keep the 17-nation currency bloc intact, Merkel and Hollande said in a joint statement.
Increased Credibility

“German support increases the credibility of an ECB intervention immensely, as otherwise markets would have to fear a subsequent down-scaling of the policy action,” said Christian Schulz, senior economist at Berenberg Bank in London. “If the ECB is credible enough, bond yields would stabilize without the ECB buying many bonds at all.”

The yield on Spain’s 10-year bond dropped to 6.74 percent today from 7.62 percent on July 24 as markets rallied on Draghi’s signal of ECB intervention.

While granting a banking license to Europe’s permanent rescue fund, the European Stability Mechanism, is a long-term aim of Draghi’s, it is not part of the immediate crisis plan, one of the central bank officials said.
Government bond purchases have seen two German policy makers quit the ECB.

Vocal opponent Axel Weber stepped down as Bundesbank president last year and ECB chief economist Juergen Stark retired at the end of 2011. Both complained that the bond program blurred the line between fiscal and monetary policy and relieved pressure on governments to enact reforms.

A spokesman for the Frankfurt-based central bank said in a statement read over the phone earlier today that there haven’t been any changes in its position on bond purchases. The Bundesbank has repeatedly said in the past that it views such buying critically because it blurs the line between monetary and fiscal policy, he said.

To contact the reporters on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net; Matthew Brockett in Frankfurt at mbrockett1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

the rally will extend imho cse and across other asian markets.....

Hi Trader , noticed PLC on your sell list. Whats your reading ?

sorry folks its been awhile since i last uploaded some charts. did of course buy some shares. and disposed some.

Market up move is led by impending resignation of SEC chief..the rally would continue with a bigger gain upon resignation.......

PBJ and Cabba will further strengthen in coming days with positive information imo.

All these are speculative nature.

to add more positive newsflash on commercially viable oil deposits would commence the bull rally............

All will forget about Thilak Ayya,Sugathadasa Madam & Malik .....

Cheerz

Taderathome,I edited a word next to Malik as some might take it wrongly/sensitively if you know what I mean.

slstock wrote:Taderathome,I edited a word next to Malik as some might take it wrongly/sensitively if you know what I mean.

no offense, me too fasting .....if you know what i mean if all are happy then what the heck......as long as innocent retailers are kept informed about possible profit taking levels when the run starts.

So i guess this forum has to reach many retailers in coming weeks and months and possibly years, so they know when cut in to profit. no body wants to get stuck at the peaks

cheerz

i will repost my charts especially jkh one. :Deleted:

traderathome wrote:[img][You must be registered and logged in to see this image.][/img]

Here is a chart open for discussion. im still bullish bias technically, and we can not negate the thought that the current mkt price of the counter would not reach 155-165 which would confirm the price trending on a bearish channel.Also there is a chance of price bouncing off at same level around 155-165 this is the market to decide of course. the sentiments can play a vital role short term basis. please do not discount that the price is holding around the 180ish....so the support is still intact @180.

I think 180 held its nerve after all current prices are in 200.

smallville wrote:

traderathome wrote:Here is the JKH confluence on 3 patterns;
Inversed H&S
Symetrical Triangle Continutation
5-0 Harmonic (now preciely drawn).......

This Not Promotional Material...only to assist anyone holding this counter with possible profit taking

Good ENTRY was 190Rs.
Target (Possible) 260+ min.

Good work BTW...

Well Hope I'm not disturbin, I was waiting till u draw the I-H&S cuz as I saw it at that time it has a distorted head (like the ASI H&S pattern which became tru after all)
After the low and hi fib levels, the correction seems happening which can drive the price.

Have you checked the Vol levels too?
Already Rs.22.4 /- up for past 11 days trading..

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The target of 260 was derived from the next correction phase I guess??

Are we gud to go to 260. think 300 will be on cards.....if the momentum is sustained.

traderathome wrote:Here is the JKH confluence on 3 patterns;
Inversed H&S
Symetrical Triangle Continutation
5-0 Harmonic (now preciely drawn).......

This Not Promotional Material...only to assist anyone holding this counter with possible profit taking

Good ENTRY was 190Rs.
Target (Possible) 260+ min.




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This original post was done on 21.06.2012...to read it for JKH holders.