Technical Analytics & Charts (1)

Hows the inverted head & shoulder doing ? Any spondulosis , dislocations or is it well and kicking ?
BTW welcome back to the "land like no other" so its Trader finally at home
eh...

This is my longterm view on JKH.N

Disclosure : Not Holding

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traderathome wrote:This is my longterm view on JKH.N

Disclosure : Not Holding

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Hi TAH, Knowing very little about how these Graphs are plot, i was just wondering about the share price when the "cup" started in Oct 2010. Should it not be adjusted for the 4 : 1 split they gave then ? i vaguely remember JKH was max about Rs 300 then and split adjusted Rs 225.

Imo , graphs are adjusted accordingly..i remember SFS when it when for a split last year.

traderathome wrote:Imo , graphs are adjusted accordingly..i remember SFS when it when for a split last year.

OK so this is not a graph you plot yourself ? In June 2011, JKH announced a 3 : 4 Split when the share price was near Rs 300. Thus it should be adjusted i guess to Rs 225 as your Graph shows. As I remember, (i may be wrong), This was the highest price for JKH since their near Rs 50-60 low in 2008.
However, your Graph tells another story showing a Rs 270 High (when the Cup forms) in October 2010. This is merely my observation. I may be wrong about this. worth rechecking your source for the Graphs.

JKH hit Rs 350-360 highest during last bull run. Then yes there was split. and this seems to have adjusted after split price.

The Alchemist wrote:

traderathome wrote:Imo , graphs are adjusted accordingly..i remember SFS when it when for a split last year.

OK so this is not a graph you plot yourself ? In June 2011, JKH announced a 3 : 4 Split when the share price was near Rs 300. Thus it should be adjusted i guess to Rs 225 as your Graph shows. As I remember, (i may be wrong), This was the highest price for JKH since their near Rs 50-60 low in 2008.
However, your Graph tells another story showing a Rs 270 High (when the Cup forms) in October 2010. This is merely my observation. I may be wrong about this. worth rechecking your source for the Graphs.

slstock wrote:JKH hit Rs 350-360 highest during last bull run. Then yes there was split. and this seems to have adjusted after split price.

The Alchemist wrote:

traderathome wrote:Imo , graphs are adjusted accordingly..i remember SFS when it when for a split last year.

OK so this is not a graph you plot yourself ? In June 2011, JKH announced a 3 : 4 Split when the share price was near Rs 300. Thus it should be adjusted i guess to Rs 225 as your Graph shows. As I remember, (i may be wrong), This was the highest price for JKH since their near Rs 50-60 low in 2008.
However, your Graph tells another story showing a Rs 270 High (when the Cup forms) in October 2010. This is merely my observation. I may be wrong about this. worth rechecking your source for the Graphs.

OK Noted. You are right.
I could not recall JKH Price going to Rs 350-360 during 2010/2011.
I re-checked the JKH Annual Report Share Information and found the following :
2009/2010 - opening / closing (62.75 - 184), Hi-Lo (188 - 62.50)
2010/2011 - opening / closing (184 - 285.60), Hi-Lo (360 - 177)

Bought Today
SEYBX @34.50 Possible LT Target 48
SFSN @3.80 Possible ST Target 5.50
JKHN @231 Possible LT Target 350+
TJLN @10.10
CSDN @9.10
BFLN @137.50 Possible LT Target 265-285

TAH

traderathome wrote:Bought Today
SEYBX @34.50 Possible LT Target 48
SFSN @3.80 Possible ST Target 5.50
JKHN @231 Possible LT Target 350+
TJLN @10.10
CSDN @9.10
BFLN @137.50 Possible LT Target 265-285

TAH

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traderathome wrote:Bought Today
SEYBX @34.50 Possible LT Target 48
SFSN @3.80 Possible ST Target 5.50
JKHN @231 Possible LT Target 350+
TJLN @10.10
CSDN @9.10
BFLN @137.50 Possible LT Target 265-285

TAH

JKH will announce dividend soon.SFS and SEYBX will not fall more.CSD,TJL and BFL you may be able to buy at more lower levels.

Here is the Trade which i took this morning based on TA.

SFSN & SEYBX trades were purely based on TA.



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NDBN,PLCN would interest me @ 145/- and 12.50Rs

BFL is worrying out of the lot in my PF with average cost 160ish. Still exit is not on but further buying @ 129 below 100 is a sell in my opinion

Its a Risky BUY for MASK lovers

...technically 18+ for a BUY signal to generate.

So we need to patiently wait.

fundamentally i am not aware....however though...

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its better to touch on other shares instead MASK know....its my personal opinion.....

Disclosure:Not Holding

TAH

traderathome wrote:Here is the Trade which i took this morning based on TA.

SFSN & SEYBX trades were purely based on TA.



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TAH, What is your idea of this negative divergence of RSI ? This is one year chart.

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Nkuda,

Well i am not a master in trading divergences, but i use simple indicators but more weightage on Price Actions and Volume due to traditional indicators are well known for its lagging and do not give early signal on trade set ups.But i do use MA to identify the current and future trends.

From the look of your chart it gives us first hand impression that a negative divergence is in the formation and any moment we could see a trend reversal.you may be right to expect an imminent sell off. but at teh same time in strong trends will give false divergence at the same time.

But for me the chart pattern of inverted HS is more obvious as the formation is well and trully formed. However it does not mean that the HnS pattern may not fail.Market is always RIGHT....but i being bullish biase the chances are this share should break current resistance levels in coming weeks.

Today news of debentures of seylan oversubscribed is good news, so we dont know how these can be factored in the longterm. investors are on the sideline for directional issues.

So i am currently on HOLD to BUY status.(i am holding presently 5000nos)

Its always good to be open minded and to look for different views, but if you are success in your trading divergence then its better wait or sell if you are accurate in your conclusions/deliberations.

But for me its a BUY @ B/o or HOLD for tPT 48+

TAH

Here is the updated ASI analysis based on Elliot Wave Theory.

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traderathome wrote:Here is the updated ASI analysis based on Elliot Wave Theory.

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You are the most active tech.. analyst in this forum these days, highly appreciate your work.

traderathome wrote:Here is the updated ASI analysis based on Elliot Wave Theory.

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i prefer ASI to touch 5650 for next extension to touch 6400 that would the usual 3-4 leg being the longest extention on the basic 5 wave sequence of Wave 1.

Dear TAH,
I am fan of you. Always inquisitive to know new things.
Do you think we are in Elliot wave 4 of Wave 3?

traderathome wrote:Bought Today
SEYBX @34.50 Possible LT Target 48
SFSN @3.80 Possible ST Target 5.50
JKHN @231 Possible LT Target 350+
TJLN @10.10
CSDN @9.10
BFLN @137.50 Possible LT Target 265-285

TAH

lokka nala.

i was so confident on SFS as the trade was triggered @ 3.7-3.8 for a short term reach

when all this happened you cant avoid such reversals while trading know.....

after all i am human too....nima

but as stated in ASI chart ...i am not concern of short term hiccups if they remain short term according to my understandings

so all eyes on current headings is it 5750 or 5650 if not 5650 is it 5500 or 5400 but of course it cant be 5325 then whole mini wave cycle of the 5wave sequence will get nullified.

i am patient in my deliberations

we survived @ 4740 tawa monawa kata da nima...

TAH

Yes we did and we are still here though some members will am sure appear and dissapear.

Stock market is also a psych game.

traderathome wrote:

we survived @ 4740 tawa monawa kata da nima...

TAH

when ASI was at the lowest my PF was -10% now its -7.4%

so i am use to this red days in my PF.

btw...thanks small regarding BFL encouragement....i think 110 also possible but it should come rather slow from 120..... range...

we may see more buying at 120 -110 ....

UML is holding its ground at 96-97 thats the spirit...

Bought HVAN @ 12.20 small qty 3500 shares.

had a look on their financials looks very solid + cash balance

wonder why they are'nt declaring dividends

TAH

TAH, Alchemist posted a very detailed analysis of the poultry sector late last year, I think its worth taking a look at that if you have money in poultry.

These are 2 scenarios on EW theory as per my observation that would comple 5 wave sequence. the rest of the 3 wave ...will have look when initial wave 1 is completed.

Too early right now to have future direction plotted on chart know, it would be like highly guessing and may be inaccurate.


TAH

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Backstage wrote:TAH, Alchemist posted a very detailed analysis of the poultry sector late last year, I think its worth taking a look at that if you have money in poultry.

thanks i think had a look on that...

Did any1 notice JINS order @ 10Rs for 500,000/-