Technical Analytics & Charts (1)

Received at last my AGAL Dividends cheque.......last week , also GLAS

traderathome wrote:I was able to study one more counter with limited time i had ...and already placed a BUY Order around 82.10.Not sure price would DIP from current levels around 93Rs.
But I am willing to take a chance...........

There is no guarantee let the market decide....
Do not consider this as a recomendation or stock advise.
Thanks
TAH

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

Will this counter make min 10rs move to the lower or upper in coming days or weeks.
I am seeing a contraction on the bolinger bands..............

hey

Have you Amibroker uptodate database ?
could you upload ur amibroker database please,,,

thanks
chamith

chamith wrote:hey

Have you Amibroker uptodate database ?
could you upload ur amibroker database please,,,

thanks
chamith

I m also looking for the same appreciate if someone could share it

kas wrote:

chamith wrote:hey

Have you Amibroker uptodate database ?
could you upload ur amibroker database please,,,

thanks
chamith

I m also looking for the same appreciate if someone could share it

i am looking for metastock data

Here is my analysis for ASPI

Please correct me, my estimation would be if break out triggers in the coming days @5100 then i am expecting min +200 points, which is around 5300 easily from 5100 level.

from the initial B/O we should see ASPI reaching on pull back 5100ish before moving further up.

As highlighted some months ago, and i wish to restate the H&S reversal took 1400 points to the low which met its target around 4900 mark, before taking the shape of a rounding bottom. The rounding bottom is the most likely pattern it has taken, for the trend reversal.

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

And finally we should witness increase in volumes during the B/O and thereafter on its way up.

Its been awhile since i did an analysis on ASPI. Hope its refreshing with ASPI gaining grounds.

Enjoy

Happy
TAH

Hope my thread gets more HITS.....with ASPI i earmarked VIEWS on this thread to HIT 6000 by end of this week....

I am grateful and humble enough that members and guests alike appreciate my little contribution to help them with whatever small way i could.

Strictly sticking to the analysis the break-out is yet to trigger on the rounding bottom which should happen by this week, but no time frame is required for confirmation.It could happen this week or next week it should not be an issue. All we need is the B/O to happen @5100.



Enjoy the coming days

These days any one can see very strange price behavior. Because appointment of chairman is most important than economic factors and past Statistics.I would like to call it as "SUGATHADASA PHENOMENON OF STOCK MARKET PRICE BEHAVIOR"
According to this theory every thing Will depend on appointment of chairman
If you consider economic factors Market prices should go up.
Govt should understand gravity of politicization of economic INSTITUTIONS

D.G.Dayaratne wrote:These days any one can see very strange price behavior. Because appointment of chairman is most important than economic factors and past Statistics.I would like to call it as "SUGATHADASA PHENOMENON OF STOCK MARKET PRICE BEHAVIOR"
According to this theory every thing Will depend on appointment of chairman
If you consider economic factors Market prices should go up.
Govt should understand gravity of politicization of economic INSTITUTIONS

You are absolutely correct as TK highlighted we are decades behind compared to well developed markets in other countries when it comes to regulations. Those who flout with rules pay hefty fines and go to jail , but here its of a less known factor.

This brings me to the song by gypsies.

extracted from youtube.......
if i am infringing/breaking any rules please remove/delete this youtube link.

https://www.dailymotion.com/video/x4lq64_i-don-t-know-why-gypsies-lankan-sin_music

https://www.youtube.com/watch?v=b25VAQNiPbA&feature=endscreen


Enjoy
TAH

traderathome wrote:Here is my analysis for ASPI

Please correct me, my estimation would be if break out triggers in the coming days @5100 then i am expecting min +200 points, which is around 5300 easily from 5100 level.

from the initial B/O we should see ASPI reaching on pull back 5100ish before moving further up.

As highlighted some months ago, and i wish to restate the H&S reversal took 1400 points to the low which met its target around 4900 mark, before taking the shape of a rounding bottom. The rounding bottom is the most likely pattern it has taken, for the trend reversal.

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


And finally we should witness increase in volumes during the B/O and thereafter on its way up.

Just a clarification...upon the breakout..we should see ASPI climbing few points up and the 5100 level will be our support level. 2 things could happen.... Either ASPI can possibly climb and reach new highs 5300+ min sparking a rally towards magical 5500 imho. some sellers can take profit off table which can not be ruled out so it could test 5100 to act as support.

The price action of todays daily candle will give us a clue on ASPI. so lets wait till the End of Market Day.

its 5096 on ASPI
regards
TAH

tested 5101 and retraced 5086

will see again in the coming days who will win this mini battle

[You must be registered and logged in to see this image.]

All Explanations on the Chart..

@Hapu
The Tripple Bottom reversal, followed with the Rounding bottom reversal as name implies these take place /detaected during trend reversals (CSE - Bearish to Bullish) 1st Target met 100Rs for the Tripple Bottom, Next Rounding Bottom Target 110Rs, since both are revesal patterns one can presume a chances for upward movement is highly likely with 2nd TARGET around 120-130 in mind.

Hope the small print is now clear here.

Look at Rs 90/- now acting as the support which was previously the Resisitance line, prior to B/O in the same price level.

Feel Free to ask /comment.

Presently I am Holding HNB X @91Rs.

Good Luck
TAH

TAH thanks for the chart but small print on chart is a problem.

K.Haputantri wrote:TAH thanks for the chart but small print on chart is a problem.

Thanks for highlighting....explanation done on the same post alongwith the chart.

As most of you know by now, that i am muslim...but i cant disagree with what professor K Davids says in the following link.

I have the highest respect for Venerable M Sobitha Thero....

Perhaps most Sinhalese brothers may disagree, most of our eastern and northern muslim and tamil brothers will play the communal card as they usually good at it this time as well, thanks to Muslim Congress & TNA so that fear psychosis is instilled by the ruling party.

If UNP and JVP can agree principally on a common candidature, I am sure some of the Governing Party Minister will give their support covertly.

He will be the right person to abolish the EP and setting up of 18th amendment so that justice,police and election bodies will be independent from the state.

You will have a prime minister to answer to the parliament.

I will cast my vote for the Thero...

http://www.colombotelegraph.com/index.php/can-sobitha-pull-off-victory-where-fonseka-flunked/

There is so much the Chief Monk can do to better this country.

i feel it should not set a bad precedent, but there is an american saying...

you got to do what you got to do ......

The country is being ruined by corrupt politicos...where the rule of law...
Only the Thero can bring this country back to its root.

I have read many interviews of the Thero, and i have not come a crossed any controversial statements by the Thero whom i would say is a moderate in his speaches and all he has been saying is about unity and coexistence......

K.Haputantri wrote:TAH thanks for the chart but small print on chart is a problem.

Hapu
4 more posts you will be in the 1000 post club....please accept my advance wishes in case i miss to congratulate u...

Hope to see in 2000 club very soon.....

Regards & best wishes
TAH

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

All Explanations on the Chart..

@Hapu
The Tripple Bottom reversal, followed with the Rounding bottom reversal as name implies these take place /detaected during trend reversals (CSE - Bearish to Bullish) 1st Target met 100Rs for the Tripple Bottom, Next Rounding Bottom Target 110Rs, since both are revesal patterns one can presume a chances for upward movement is highly likely with 2nd TARGET around 120-130 in mind.

Hope the small print is now clear here.

Look at Rs 90/- now acting as the support which was previously the Resisitance line, prior to B/O in the same price level.

Feel Free to ask /comment.

Presently I am Holding HNB X @91Rs.

Good Luck
TAH

Reposting with explanations of small letters, now embedded on the post itself. Didnt want this post to bury in the haste...

Here is the Comb X chart.......

I own few shares....so dont assume i am trying to promote.....

Analysis purely on Technical.....

So not speculative....

Targets derived from supports and Res level calculations.

Chart formation: Flag & Pennant/Rectangle
B/O pending @88Rs
Target 140~150

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

Much shorter term on symetrical continuation pattern would give us min 115/-

So i left both charts for comments and corrections from members..

Although time factor would invalidate for flag and penant, a symetrical triangle can not be ruled out. so i placed both.

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

Regards
TAH

Thanks TAH.

traderathome wrote:The CTC is presently trading above 50DMA (670Rs) and 100DMA (650Rs). The uptrend is in tact to trade above 675. with a possibility to revist 650 (shaded area in Grey) if at all in coming weeks.Despite lackluster performance in CSE, the counter has appreciated during market downfall.Could this be a reason that investors tend to hold on for fundamentally strong supportive shares during turbulent periods at CSE.
The testing of 720Rs is expected once again, it did try 3 previous occasions and failed.
The market needs re-assurance if this to re-test high levels.
My immediate target would be 800Rs and to take from there onwards.
We are seeing some consolidation before the 800Rs is breached.
To the down side extreme would be 620~500 (shaded in yellow) which will confluence on the long term trend line, but highly unlikely given the recent financial results.
[img][You must be registered and logged in to see this image.][/img]

Additional food for thought....
[img][You must be registered and logged in to see this image.][/img]

The Cup formation began from Mid of May and completed end of July the little consolidation the final leg of forming its Handle is about to complete. say usually this week or the next, but there is nor time limitation on final phase of the handle.

The target is measured with the difference of high point of teh cup and the lower points, we should be able to draw our take profit target.

traderathome wrote:As most of you know by now, that i am muslim...but i cant disagree with what professor K Davids says in the following link.

I have the highest respect for Venerable M Sobitha Thero....

Perhaps most Sinhalese brothers may disagree, most of our eastern and northern muslim and tamil brothers will play the communal card as they usually good at it this time as well, thanks to Muslim Congress & TNA so that fear psychosis is instilled by the ruling party.

If UNP and JVP can agree principally on a common candidature, I am sure some of the Governing Party Minister will give their support covertly.

He will be the right person to abolish the EP and setting up of 18th amendment so that justice,police and election bodies will be independent from the state.

You will have a prime minister to answer to the parliament.

I will cast my vote for the Thero...

http://www.colombotelegraph.com/index.php/can-sobitha-pull-off-victory-where-fonseka-flunked/

For the sake of Buddhism,Buddhists and Buddhists monks I think this should never happen.We all have witnessed the humiliation created by Hela Urumaya Saga.If this happens this will be the worst case scenario.Even now see how this so called Professor has adresses a buddhist monk it is just Sobitha.

Power hungry revengeful useless buggers have already made a very big insult to a person who should have been honoured as a war hero who is Ex-army commander Leutinent Genaral Sarath Fonseka(not General or Politician SF)

Whitebull wrote:
Power hungry revengeful useless buggers have already made a very big insult to a person who should have been honoured as a war hero who is Ex-army commander Leutinent Genaral Sarath Fonseka(not General or Politician SF)

Million time agree with you.

European Union will provide Sri Lanka an Rs.9 billion (EUR 60 million) grant under its support to the District Development programme from 2012 to 2017, the Economic Development Ministry said

The announcement was made by EU Delegation Head Bernard Savage during a meeting with Minister Basil Rajapaksa yesterday in Colombo.

Under this programme, the projects identified by the Sri Lankan government as priority projects will be implemented by United Nations agencies -- UNDP, UNICEF, UNOPS, FAO, ILO and IFC, the ministry said.

Speaking at the event UN Resident Coordinator & UNDP Representative Subaine Nandy said that UN and its agencies would always cooperate with overall development strategies of the government and extend assistance in accordance with the requirements of the government. Experience gained and lessons learnt from the implementation of the projects can be used to design the next projects, he said.
http://www.dailymirror.lk/news/21481-sl-to-get-rs-9-billion-from-eu.html

Central Bank Governor Ajith Nivard Cabraal said investors were not interested as to who was the Securities and Exchange Commission Chairman when they invest in the stock market.

There is an influx of Rs.29 billion in foreign exchange in the Colombo Stock Exchange (CSE) from foreign investors, he said. Sale of the shares is one of the several functions of the stock market.The shares available in our stock market are reliable and investors are aware of this. That is why they are investing in a large scale. They are not concerned about the individuals holding office in the SEC.

Mr. Cabraal said some took minor issues seriously because shortcomings could be corrected if we looked at these issues with an open mind.

http://www.dailymirror.lk/news/21480-investors-not-interested-in-whos-sec-chief-cabraal.html

Pl do not try to manipulate share market using public funds.Private sector people will do the needful. pl give proper instructions to to managers of public funds. Verbal and writing instruction should be same
If public investment control by central Bank properly private sector know (retailers and others) to protect themselves
Market process will eliminate fools
NOT much regulation REQURED

Thanks