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Sri Lanka Equity Forum » Stock Market Charts & Graphs » Technical Analytics & Charts (2)

Technical Analytics & Charts (2)

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1 Technical Analytics & Charts (2) on Fri Jun 07, 2013 10:18 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
First topic message reminder :

CTCN 850/- ...can reach ?  Shocked those on buying spree ...please be patient


481 Re: Technical Analytics & Charts (2) on Sat Jun 21, 2014 11:20 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GLASS had hardly made a profit last year due to the land sale. Current year will be very difficult for them. Local market for glass is reducing as there are many alternatives for glass. Eg: plastic and tin

It's better to wait till next month to see the Q1 financial results. I think this will come below 3/= if the performance is poor.

They will not be in a position to maintain the same dividend in coming years. They were able to declare dividend last year only due to land sale.

482 Re: Technical Analytics & Charts (2) on Sat Jun 21, 2014 11:47 pm

SHARK aka TAH


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@dineshfernando wrote:GLASS had hardly made a profit last year due to the land sale. Current year will be very difficult for them. Local market for glass is reducing as there are many alternatives for glass. Eg: plastic and tin

It's better to wait till next month to see the Q1 financial results. I think this will come below 3/= if the performance is poor.

They will not be in a position to maintain the same dividend in coming years. They were able to declare dividend last year only due to land sale.
I think below 3 would be very good but i do not think so this could hold around 3/-  Very Happy but nothing could be discounted  Twisted Evil 

483 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 12:46 am

SHARK aka TAH


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Expert
For the Interst of our members, I give the LION chart, This is going to be the next CTC,NEST,CINS

 
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484 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 12:49 am

SHARK aka TAH


Expert
Expert
Ensure LION is collected without much NOISE Smile Try and collect slow and steady, don't let price appreciate. Let Sellers come to you

485 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 1:39 am

SHARK aka TAH


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Expert
Here is the JKH chart for the benefit of our Members, I have posted before and doing it with few clarification, hope to update on weekly basis due to its interst by the members who are looking for ASI & Market direction in coming days.

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486 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 6:28 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks Shark.

487 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 9:01 am

SHARK aka TAH

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I have drawn up the Chart on NEST. It looks weirdly awful.

Will post it sooner.

Currently I will give thumbs up for LLUB,LION,BREW,SAMP,NTB (own a small qty) NEST,SPEN,HNB

488 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 9:04 am

SHARK aka TAH

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CTC,JKH Thumbs down until both counters prove its worth.
These two will need to go through further correction to make values investors interesting once again.

489 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 9:20 am

Sstar

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Vice President - Equity Analytics
Vice President - Equity Analytics
OMG, you are right SHARK. JKH is likely to go down. Its best that Rusi Captain read this thread and change the trend with his financial power to buy some JKS shares above 192/-. I have already sent him a message.

490 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 9:35 am

SHARK aka TAH

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@Sstar wrote:OMG, you are right SHARK. JKH is likely to go down. Its best that Rusi Captain read this thread and change the trend with his financial power to buy some JKS shares above 192/-. I have already sent him a message.

I prefer JKH stands above 200 probably a touch of 205 and quick appreciation there onwards. This is inline with STRONG SUPPORT you find as per my recent chart on JKH.
And then we are looking a trading range between 205-225 in the next phase.
Thereafter trading opportunity on a break-out with a target toward 250Rs easily.

That's the JKH path I am anticipating and hopefully mapping its next phase.

Shark

491 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 9:52 am

SHARK aka TAH

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ASIY - @3.50 - The base is already formed 80% with a opportunity to move up by 60c easily (based on the current depth) possibly a sudden interest could well be on the cards as happened to CTBL which is trading @5/- +.

Please watch closely as it could be trading at around Rs 4/- + in coming days ahead.

Good luck

492 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 10:00 am

SHARK aka TAH

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The chart on ASIY for members.


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

493 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 11:08 am

rdk2874


Manager - Equity Analytics
Manager - Equity Analytics
SHARK wrote:The chart on ASIY for members.


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


shark thanks for your update on asiy. what is your opinion on lioc. i saw your post on the correction which was on the dot. next price movement in lioc?

thanks

494 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 11:11 am

SHARK aka TAH

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RDK

I am scared to touch LIOC at this moment, if you are holding its fine.
I would give a detailed analysis on LIOC, But in hindsight I am looking for RS 30 EXTREME correction. But I may be wrong.
So we need to map the direction of LIOC more close in coming weeks to see where the movement takes us.

Shark

495 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 11:14 am

rdk2874


Manager - Equity Analytics
Manager - Equity Analytics
SHARK wrote:RDK

I am scared to touch LIOC at this moment, if you are holding its fine.
I would give a detailed analysis on LIOC, But in hindsight I am looking for RS 30 EXTREME correction. But I may be wrong.
So we need to map the direction of LIOC more close in coming weeks to see where the movement takes us.

Shark

thanks a lot. please do post your detailed analysis.

496 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 3:02 pm

SHARK aka TAH

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My TA&C had a view hits of 400+ in one day since yesterday evening and it stands @3440+ overall

I am happy for the forum  Very Happy 

497 Re: Technical Analytics & Charts (2) on Mon Jun 23, 2014 3:11 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
SHARK wrote:RDK

I am scared to touch LIOC at this moment, if you are holding its fine.
I would give a detailed analysis on LIOC, But in hindsight I am looking for RS 30 EXTREME correction. But I may be wrong.
So we need to map the direction of LIOC more close in coming weeks to see where the movement takes us.

Shark
Suckers were born from this.When next financial is out just compare with last two financials(Top 20).
For the long term ones who bought you'l have to regret while other shares performing.Run from 20 to 45 was enough.
I see TYRE and REXP promotions too.Remember they have already appreciated 100%.When a share goes higher and higher probability of going up more reducers and the percentage-wise return too.

498 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 12:31 am

SHARK aka TAH

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I was able to lock in another Technical Pattern for JKH. This is apart from Symmetrical Triangle, I have noticed 85% completion on Descending Triangle which is a definite continuation BEARISH pattern.

The future forecast for JKH looks grim and caution to be exercised on BUYING JKH.

The DT has definitely opened up 190 & 150.

The JKH future movement is loosely hanging on Rs 210/- SOLID SUPPORT

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499 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 12:44 am

SHARK aka TAH

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The LIOC Chart is attached for comments.

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500 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 12:55 am

SHARK aka TAH

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I am having the ASI chart and still believe the TREND has not changed drastically.

All Bullish Targets are still in tact.

IMO we are still progressing along nicely.

I am looking @6250 SUPPORT standing firm & this would be Good if its not broken short term.

501 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 8:42 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I appreciate the technical charts of SHARK... regarding LIOC there are many facts we have to consider. LIOC is owned by Indian Oil and there is no room for a big player to grab the ownership. So its like PLC.N with People's Bank own 75%. Such firms will not see sudden ownership changes and will not result in unpredicted up prices... The only reason for share price to increase is sheer performance. LIOC is in good wicket as no other competitior will enter and the existing competitor is not fit enough. Ceylon Petroleum has to repaier their lines as per todays paper reveals on Audit Generals findings. this will leave LIOC a good time ahead. Yet the vulnerability of Iraq sittuation will make retailers keep a side line from LIOC.

502 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 9:02 am

SHARK aka TAH

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LIOC pattern formation which is in progress is what is disturbing me to avoid entering this time. The Top Head & Shoulder is strong reversal pattern on uptrend.It may occur or It may not.We need the pending Right shoulder to form.This is possible to for NOW above support line (Neck line) or in parallel to the Left Shoulder or further below support line (Neckline) This Blue line I have not drawn. Even after it is not guaranteed the Target towards 28/- will materialize as the price action depends on market forces.
So all what I am saying this is not the right time for an entry on Technical Side.
If you are planning to BUY it should be around 28/- or wait till it crosses last 52week HIGH or else for another pattern to supersede the H&S pattern.
Recognize the pattern early and Act swiftly.
So you will maximize profit.
Fundamentally your reasons could be very valid. But GOSL can not be trusted for its actions unlike foreign countries. They will bring in more players, to dilute the market. LLUB is already complaining in similar lines.
So best would be to wait for the precise moment to Grab LIOC shares  that would be below Rs30/- as of now.

Good luck

503 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 9:37 am

SHARK aka TAH

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JKH opening indicating 2 Chart patterns namely Symmetrical & Descending Triangles is not a good sign for the counter.

ST already Break-out Confirmed
DT taking further shape downward, could have a BO around the Support Line. (Based on Weekly & Daily Candle Charts) showing a more bearish Target towards 150

504 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 9:45 am

SHARK aka TAH

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I will publish the CLPLN chart.
The Longterm upper Trend channel is showing a RES price level of Rs 78/-
If this can be broken with huge VOLUME surge then the break-out is confirmed and hopefully it would stay above.
The RSI is peaking towards 70 that's a bit of concern to me.
Because once the DOWN arrow appears in history of CLPLN trading the price has fallen all the time.
So be careful with CLPL has not  broken 78Rs RES level.

505 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 9:52 am

SHARK aka TAH

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The chart on CLPLN was done hurriedly.
Any comments are most welcome, and please point out if you see something which I have not.

So can this pass 115 strike price, I am not yet confirming it though.

So if you all playing with warrants be cautious.

Thanks

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

506 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:01 am

SHARK aka TAH

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ASIY has announced 20c INTERIM DIVIDEND

WoW way to go ASIY

507 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:02 am

SHARK aka TAH

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DIVIDEND ANNOUNCEMENT   
24 June 2014
Date of Announcement: - 24.June.2014
Dividend per Share: - Rs. 0.20 per share / Interim Dividend
Financial Year: - 2013/2014
XD: - 03.Jul.2014
Payment: - 14.Jul.2014
Share Transfer Book Open

508 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:04 am

SHARK aka TAH

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This is better than CTBL deal and ASIY has announced it earlier than CTBL this time. That's the way so when the final dividend is announce we could see similar amount or tad better.

Its too early though to comment, but I am happy for many rallied around ASIY.

It has not disappointed us.

Good Luck
Shark

509 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:10 am

rdk2874


Manager - Equity Analytics
Manager - Equity Analytics
SHARK wrote:This is better than CTBL deal and ASIY has announced it earlier than CTBL this time. That's the way so when the final dividend is announce we could see similar amount or tad better.

Its too early though to comment, but I am happy for many rallied around ASIY.

It has not disappointed us.

Good Luck
Shark

you are right shark. when the final dividend is announced lets see what happens.

510 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:12 am

Meman


Manager - Equity Analytics
Manager - Equity Analytics
So whats like the target price for this in like 3 months? Do broker huts promote this share? I have not seen research reports.

511 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:25 am

SHARK aka TAH

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I am more certain, remember JINS when it was last year or 2012 not sure about the year declared an INTERIM, I get the same feeling here as well.

There are many companies Rs 10/- a share giving meager 10c or 20c. & some they even do not pay Dividends at all.


ASIY dividend policy is far better than in the SECTOR which it is in. payout of 50% of its earnings or will it be 100%
May ASIY grow and grow over coming years.

CTBL has to give above ASIY if its the industry leader.... That's a challenge  and that's why I always say ASIY in time to come and if retailers identify the price GAP between CTBL & ASIY it must correct it self and it will very soon.

Dividend yield of almost 5% is way too good for a future gem.


Can they give 10% or close to that Smile

Just being greedy.

Good luck guys ... Don't Sell ASIY its has more room to go up......

512 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:26 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I was about to comment on ASIY dividend. Yes this firm has not let as wait much and there will be a good demand for the share making its price reach a new up plateau...

513 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:30 am

Meman


Manager - Equity Analytics
Manager - Equity Analytics
Trading back at 3.50 hmmm. Some are selling short sighted buggers.

514 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:33 am

SHARK aka TAH

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@Meman wrote:So whats like the target price for this in like 3 months? Do broker huts promote this share? I have not seen research reports.

I am not sure 3 months, 6 months or 12 months. or even 1 month from now.
But I have published a chart on ASIY yesterday.

The share has now formed the based and its taken shape of a Cup almost.

Should see a retracement of a 38.2% on Fib. and move up gradually passing the 2 HIGHS towards 4.90 at lease in the longer run.

In much longer run assuming all variables stay as it is, we are basically looking it to pass current CTBL price per share, this is of course if CTBL cant/unable/don't want to match ASIY div payout %.

This is my personal opinion, and not a promotion. Its your decision and Invest wisely.

Good luck

515 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:39 am

rdk2874


Manager - Equity Analytics
Manager - Equity Analytics
SHARK wrote:
@Meman wrote:So whats like the target price for this in like 3 months? Do broker huts promote this share? I have not seen research reports.

I am not sure 3 months, 6 months or 12 months. or even 1 month from now.
But I have published a chart on ASIY yesterday.

The share has now formed the based and its taken shape of a Cup almost.

Should see a retracement of a 38.2% on Fib. and move up gradually passing the 2 HIGHS towards 4.90 at lease in the longer run.

In much longer run assuming all variables stay as it is, we are basically looking it to pass current CTBL price per share, this is of course if CTBL cant/unable/don't want to match ASIY div payout %.


This is my personal opinion, and not a promotion. Its your decision and Invest wisely.

Good luck

shark in the short term say 1 to 3 months do you see this trading above 4?

516 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:47 am

SHARK aka TAH

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Could be people who bought at much lower say 3.00-3.10 locking in profit.
Once this is over we could see 3.70-3.80 buyers.

ASIY announcement was a unexpected for me, thought they might give oneshot. However being an interim announcement coming earlier than CTBL gives me impression the bigger chunk on its way in September.

Actually if you had read back in April I was expecting ASIY to give an interim in April for Sinhala Tamil NY period. But they have preferred now and I think they should adjust this to be in April starting next year Smile

The idea of Interim and Final (2 dividends payouts) are good if they materialize.

I am sure ASIY will not disappoint when they say INTERIM.

517 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:52 am

SHARK aka TAH

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@Meman wrote:Trading back at 3.50 hmmm. Some are selling short sighted buggers.

Or they thought the 20c div is already in the Banks and so they can sell  Smile just joking

518 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 10:54 am

SHARK aka TAH

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What you think CLPL.

I am saying nothing at all until it can prove me it will break successfully 78 or 80 for any uptrend confirmation.....

Please share your thoughts and they are most welcome

519 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 11:48 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CLPL is the only share i buy out of GREG family. It pays dividends.. At least we see a physical product than Platinum coated dreams. Many school children purchase this proudct and DI is a respected brand.

Shark my problem is why do you wait for 78 to break. If you wait you will loose more chances of obtaining profit or capital appreciation. Technically I may see that 78 will be hard to break. But why do you wait to buy until it reach above 78.. If so you are loosing a possible Rs 6 in capital appreciation. If it does not break 78 still you have purchased at a good price.

520 Re: Technical Analytics & Charts (2) on Tue Jun 24, 2014 2:29 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
"CLPL is the only share i buy out of GREG family. At least we see a physical product than Platinum coated dreams. Many school children purchase this proudct and DI is a respected brand "
Valid point.

521 Re: Technical Analytics & Charts (2) on Fri Jun 27, 2014 12:34 pm

SHARK aka TAH

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Hello Members,

I am re-iterating my BEARISH BIASE on JKH.N0000.

The Pattern is very solid and always the BEARISH pattern in most of the time.

I have simply put 2 targets  for BUYING to accumulate JKH.

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

Enjoy


Shark

522 Re: Technical Analytics & Charts (2) on Fri Jun 27, 2014 12:58 pm

SHARK aka TAH

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Is History Repeating it self for RAL.N0000 ?

Here is the chart based on Weekly Closing Basis.

Solid Support Around 3.30

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523 RAL At LOW on Fri Jun 27, 2014 1:18 pm

Meman


Manager - Equity Analytics
Manager - Equity Analytics
SHARK wrote:Is History Repeating it self for RAL.N0000 ?

Here is the chart based on Weekly Closing Basis.

Solid Support Around 3.30

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I bought this beginning of month but at 3.40. You are positive on this ?

524 Re: Technical Analytics & Charts (2) on Fri Jun 27, 2014 1:54 pm

geshan.weerakkody

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Manager - Equity Analytics
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Shark - what is your view on Lanka Walltiles?

525 Re: Technical Analytics & Charts (2) on Fri Jun 27, 2014 2:56 pm

SHARK aka TAH

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Yes meman ....Support is not broken around Rs3/- as in 2010 Smile

so I see on a technical BUY side.
Hold & Accumalate around 3-3.40

For me 3.40 means a premium of 10c but if you could get in around 3.3 that would be a median price to pay.

Not more Not less sort of a price.

Shark

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