Technical Analytics & Charts (2)

The chart on ASIY to refreshen up things on my HOLDING.....

The longterm resistant line B/O pending 3.30 & collection happening 3.10/3.20

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The short term B/O shows around 3.70-3.80 and we can assume it to be a 1st RES line for any future price actions.

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NEST Looking for possible 2000/-

Be happy the correction which was due is happening now
I am certain the correction leg has some more room down towards 3330.
This is my initial estimate that the correction leg will go down further than 38.2 Fib after seeing the latest PA last week. which is IMO not good. I will explain why such a correction is not at all healthy.
1. Short term investors fear psychosis will drag the sentiments further down.
2.This will hurt market sentiments.
3. We would be back to square 1 in such a scenario.

If this correction taking place is within the bigger wave then only meaningful correction would be to rebound @ 38.2% Fib, that would invigorate bullish sentiments further for a bigger push.

So I am keeping my fingers crossed, that I should have more money to pump to BUY more shares, before its imminent take off.

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So all should anticipate next week to be more greener if you are BULLISH

That should technically push beyond last HIGH 3500 levels, which was twice failed to break.

A correction towards 50% Fib would 3330 would take more time to break 3500 imo and this could turn into a range bound for some time.

That would look bit awful for those looking for fast action.

Good luck
TAH

TAH, can you post the ASI chart also please (though you are not following it )

Also , am trying to understand. Are you saying 38.2 % is better to bounce back, but it 50% is bad.

I recall you expected 100 point drop from about 3425 which is 50%

traderathome wrote:Be happy the correction which was due is happening now
I am certain the correction leg has some more room down towards 3330.
This is my initial estimate that the correction leg will go down further than 38.2 Fib after seeing the latest PA last week. which is IMO not good. I will explain why such a correction is not at all healthy.
1. Short term investors fear psychosis will drag the sentiments further down.
2.This will hurt market sentiments.
3. We would be back to square 1 in such a scenario.

If this correction taking place is within the bigger wave then only meaningful correction would be to rebound @ 38.2% Fib, that would invigorate bullish sentiments further for a bigger push.

So I am keeping my fingers crossed, that I should have more money to pump to BUY more shares, before its imminent take off.

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

So all should anticipate next week to be more greener if you are BULLISH

That should technically push beyond last HIGH 3500 levels, which was twice failed to break.

A correction towards 50% Fib would 3330 would take more time to break 3500 imo and this could turn into a range bound for some time.

That would look bit awful for those looking for fast action.

Good luck
TAH

yes a 38.2% correction is better because we failed last 2 times to go past previous RES levels (HIGHs).
Since the 3rd wave is the biggest, (if my mapping) is correct the 38.2% is the proper rebounding level.
But you know market behavior can not be easily identified as to when such pullbacks would complete.
however reasonably one can technically identify a possibility for a correction @ 38.2% ....

traderathome wrote:Be happy the correction which was due is happening now
I am certain the correction leg has some more room down towards 3330.
This is my initial estimate that the correction leg will go down further than 38.2 Fib after seeing the latest PA last week. which is IMO not good. I will explain why such a correction is not at all healthy.
1. Short term investors fear psychosis will drag the sentiments further down.
2.This will hurt market sentiments.
3. We would be back to square 1 in such a scenario.

If this correction taking place is within the bigger wave then only meaningful correction would be to rebound @ 38.2% Fib, that would invigorate bullish sentiments further for a bigger push.

So I am keeping my fingers crossed, that I should have more money to pump to BUY more shares, before its imminent take off.

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

So all should anticipate next week to be more greener if you are BULLISH

That should technically push beyond last HIGH 3500 levels, which was twice failed to break.

A correction towards 50% Fib would 3330 would take more time to break 3500 imo and this could turn into a range bound for some time.

That would look bit awful for those looking for fast action.

Good luck
TAH

coming week will help us know the direction of the index. I will add another week or 2 if things go very BULLISH....
Lets wait and see..

traderathome wrote:

traderathome wrote:Be happy the correction which was due is happening now
I am certain the correction leg has some more room down towards 3330.
This is my initial estimate that the correction leg will go down further than 38.2 Fib after seeing the latest PA last week. which is IMO not good. I will explain why such a correction is not at all healthy.
1. Short term investors fear psychosis will drag the sentiments further down.
2.This will hurt market sentiments.
3. We would be back to square 1 in such a scenario.

If this correction taking place is within the bigger wave then only meaningful correction would be to rebound @ 38.2% Fib, that would invigorate bullish sentiments further for a bigger push.

So I am keeping my fingers crossed, that I should have more money to pump to BUY more shares, before its imminent take off.

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

So all should anticipate next week to be more greener if you are BULLISH

That should technically push beyond last HIGH 3500 levels, which was twice failed to break.

A correction towards 50% Fib would 3330 would take more time to break 3500 imo and this could turn into a range bound for some time.

That would look bit awful for those looking for fast action.

Good luck
TAH

coming week will help us know the direction of the index. I will add another week or 2 if things go very BULLISH....
Lets wait and see..

Assuming a proper correction happened,then after that market should go up, but with march end un issue is it possible.?

traderathome wrote:Be happy the correction which was due is happening now
I am certain the correction leg has some more room down towards 3330.
This is my initial estimate that the correction leg will go down further than 38.2 Fib after seeing the latest PA last week. which is IMO not good. I will explain why such a correction is not at all healthy.
1. Short term investors fear psychosis will drag the sentiments further down.
2.This will hurt market sentiments.
3. We would be back to square 1 in such a scenario.

If this correction taking place is within the bigger wave then only meaningful correction would be to rebound @ 38.2% Fib, that would invigorate bullish sentiments further for a bigger push.

So I am keeping my fingers crossed, that I should have more money to pump to BUY more shares, before its imminent take off.

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

So all should anticipate next week to be more greener if you are BULLISH

That should technically push beyond last HIGH 3500 levels, which was twice failed to break.

A correction towards 50% Fib would 3330 would take more time to break 3500 imo and this could turn into a range bound for some time.

That would look bit awful for those looking for fast action.

Good luck
TAH

Is this too good to be True I am seeing today

I will be no longer available in the forum......good luck

traderathome wrote:I will be no longer available in the forum......good luck

Good luck mate. Appreciate your contribution all this time. Hope we'll meet at invest***.lk

[quote="traderathome"]I will be no longer available in the forum......good luck [/quot
Wish that you will reconsider your decision. Anyway good luck mate. Appreciate your contribution.

Forum strongly needs Technical Analysts such as TAH

Yes, hope you will reconsider...

traderathome wrote:I will be no longer available in the forum......good luck

Dear All Members
We are starting a new thread so that all members with sound knowledge in technical charts can post their charts here.
All are free to comment and put your suggestions.
Moving forward make use of the opportunity to discuss and ask questions on numerous shares.
We will discuss here about the levels of Risks & Rewards as well.
We need to cover all aspects of Technical Charts & Analysis and do not be a spectator, but contribute whatever knowledge you have gained, share with members so we get maximum out of this forum

Good Luck
.
Shark

There are links that we can read charts on Stocks traded in the CSE. I don’t think I can post here due to copy right. CSE also has charts. Some online brokering firms too provide charts. I don’t rely much on technical charts. However by looking charts we can get patterns. Once stocks form intermediate up trend then we must look after our stocks like children. This is the time to look for stocks which are building their intermediate up trend.

KGAL NAMU BROWN TPL are good to go further up.
Not a promotion, having looked at KPIs they trading below NAVs and PBV below as well in most counters.
I would suggest to look at Plantations stocks which have not moved yet.

Shark you are doing lot of things now. Moderating, positing stuff and doing some technical analysis etc. All the best. Soon I will post some advanced technical links for you if I can share those. Neglected stocks are forming their base and their Tech pattern looking good.

http://www.dummies.com/how-to/content/technical-analysis-for-dummies-cheat-sheet.html

15 Technical Analysis Secrets for Boosting Your Trading Skill

The price of OSEA is holding not able to collect below 19.90.
Too bad, let us try our luck tomorrow.

See How the NDBS Analysys complimenting my Technical Target published few days ago.

OSEA Analysis

@ Shark
Link is not working.

Here is a screenshot from somewhere else cant get the full report since dont have access. Can expect at least 20% upside according to this report [You must be registered and logged in to see this image.]

SHARK wrote:Dear All Members
We are starting a new thread so that all members with sound knowledge in technical charts can post their charts here.
All are free to comment and put your suggestions.
Moving forward make use of the opportunity to discuss and ask questions on numerous shares.
We will discuss here about the levels of Risks & Rewards as well.
We need to cover all aspects of Technical Charts & Analysis and do not be a spectator, but contribute whatever knowledge you have gained, share with members so we get maximum out of this forum

Good Luck
.
Shark

Thanks SHARK, We will give you whatever the support possible.

HI Shark do you have the correct link to the OSEA report?

The next chart would be published on Friday.
Please let me know which share you prefer most.

Here is the ASPI chart for SLEF members and guests ..... feel free to comment here.

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Some interst on SPEN seeing large BUY and SELL orders appearing in the order book below 100.

we could see the price appreciating towards 115+ as per the chart below.

Enjoy & happy trading....

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Please refer to the Financials and latest news reports for additional information.

technically this is gaining momentum to break out over 100Rs

One of the Banking Giants still sleeping, could be its turn next week.

HNB N has the potential to move up at least 15-20%.

Also NTB has about 12% appreciation in my opinion.

SHARK wrote:Also NTB has about 12% appreciation in my opinion.

Dear Shark.

Appreciate your work Thanks.Also please advice from which site / Broker you use to get these technical & analysis charts....??

thanks..