Re: Harmonic Price Patterns

[sereneTop contributor]

Appreciate your work TAH and wish JKH will prove the technicals. If so others will also follow the JKH.Which will create a   time. 

More often than not JKH has been technical friendly due to its good liquidity   

True mate also what i'm seeing is JKH is more or less determine the pattern of APSI.I'm not expert in charts but the comparison of moving averages seems to prove it.So if we can find counters which react to the ASPI trend we might get handy profits by analyzing solely JKH pattern and technicals.

[SHARK a.k.a TAHTop contributor]

Here is the SPSL20 chart update with a bearish view.
Couple of scenarios to ponder about in the week-end.

[SHARK a.k.a TAHTop contributor]

The trending up over 33xx is yet to materialize. JKH falling towards 228 from 234+.
I would be more comfortable to shed 100+ points on S&P20 now. or towards 3150 to complete a triple bottom.
The reason being the testing of 38.2% will act as a natural resisitance. This is the phase we are in.
But not necessarily we should see a reversal, it could be that50% or 61.8% could act as RES zones for the Index.
But in any case for such a scenario to exist we should BREAK 33xx jinx with high powered volumes.
But the question would be is this the Right time to break the 33xx levels.

[SHARK a.k.a TAHTop contributor]

SAMP updated ......

[SHARK a.k.a TAHTop contributor]

Circled as 3 in GREEN should read as 4

[SHARK a.k.a TAHTop contributor]

The corrected chart on SAMP ......

[LeonTop contributor]

The corrected chart on SAMP ......

@TAH, Tnx..

[SHARK a.k.a TAHTop contributor]

Let me know what you think of the BAT pattern which is in final leg towards D leg around 8Rs.
Perhaps it may take few more months.

I did notice the break out around 5.70rs.

[SHARK a.k.a TAHTop contributor]

JKH would be good for collection @225/-
This could be due to sell off for brief

[SHARK a.k.a TAHTop contributor]

Drew interesting charts of JKH and ASPI ........ something is in the store   

[SHARK a.k.a TAHTop contributor]

Based on ASPI if we see the current GREEN extending further into the month ........

Write down 2 targets specifically ......

6215 ----> very important to break this number (we could see a reversal yet again)
+7000 -----> would in sight within a year or year and half.

imagine where would JKH be in such a scenario.

[SHARK a.k.a TAHTop contributor]

As you know i will not post the ASPI chart and dont bother me requesting as well i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.

[sashimaalTop contributor]

Thank you TAH for your valuable Technical viewpoints

[sereneTop contributor]

As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.

Ground is set for a very healthy run    .But who knows funny things happens  .

[NuinthTop contributor]

As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.

Ground is set for a very healthy run    .But who knows funny things happens  .

Thx TAH for your contribution.

I guess we can see interesting period ahead. Because,

1. Most company will present healthy results pending & comings quarters. Most of companies restructuring their business, investing to new projects/expanding their business. Ex. JKH, SHL.

2. The government will do something for establish the country direction. I guess after the UNHRC & election they understood their status & what they want to improve within next 1-2 years for survival.

3. Hope famouse government back institutions will list in cse & will attract more investors.

These are just my thoughts.

[sereneTop contributor]

As you know i will not post the ASPI chart and dont bother me requesting as well :)i will not share it.
I have not discussed the reversal targets as yet as +7000 has to come before we could see a major change in ASPI trend.
You know what i mean.
Dont think i am fantasizing with words, but soeaking in technical sense.

Ground is set for a very healthy run    .But who knows funny things happens  .

Thx TAH for your contribution.

I guess we can see interesting period ahead. Because,

1. Most company will present healthy results pending & comings quarters. Most of companies restructuring their business, investing to new projects/expanding their business. Ex. JKH, SHL.

2. The government will do something for establish the country direction. I guess after the UNHRC & election they understood their status & what they want to improve within next 1-2 years for survival.

3. Hope famouse government back institutions will list in cse & will attract more investors.

These are just my thoughts.

Also
1. Banks and NBFI's will be stronger if the pending mergers are successful.May be foreign loans with less Interest rates if the Sovereign ratings improved due to stability in financial sector
2.Less corruption due to International pressure and the little red light on concluded election.
3.Lower interest rates would encourage investments.
4.Even in the CSE less manipulation can be seen compare to past.

My personal view as well.

[SHARK a.k.a TAHTop contributor]

This is the Banner on CSE ......

Well-done LIONS

[SHARK a.k.a TAHTop contributor]

Perhaps July-Sep period more companies will declare dividends.... So now is the time to collect shares eyeing those announcements ....

[SHARK a.k.a TAHTop contributor]

Looking at PABC did not declare dividends & Nimal collected +100k shares.

in technical view we could see this share going up at least 4-5 Rs in the short term.

TAH

[dhanurrox]

Perhaps July-Sep period more companies will declare dividends....  So now is the time to collect shares eyeing those announcements ....

TAH our ASIY awaits.

[SHARK a.k.a TAHTop contributor]

Perhaps July-Sep period more companies will declare dividends....  So now is the time to collect shares eyeing those announcements ....

TAH our ASIY awaits.

well i am not sure they will match .38c dividends.... what you think.
As per their policy they will maintain a 20% payout on NPAT.   

How ever lets the 10c dividends if we receive would be better off than CTBL am i right.   

[SHARK a.k.a TAHTop contributor]

This is because you are paying a premium of 1Rs if you are holding CTBL. whilst ASIY costs only 3.10.

My original post on ASIY was that the counter would be a good collection at around 3.10 which we are in. that came in from 3.80.

If in case they match .38c dividend or slightly better, then this is in a massive discount .

.38/3.10*100=12.25%/6months*12months that should give 25% return on dividend payment alone.
Then what about the capital gain.

All in all to sum up ASIY 3.10Rs is a good collection if you were able to collect it.

[SHARK a.k.a TAHTop contributor]

Similarly see the SAMP bullishness.
On XD date this was trading around 183-184. Then came to 173 and now back again 180 in a span of few days .....

I am hopefull this will easily be in 200Rs in the coming months

[dhanurrox]

This is because you are paying a premium of 1Rs if you are holding CTBL. whilst ASIY costs only 3.10.

My original post on ASIY was that the counter would be a good collection at around 3.10 which we are in. that came in from 3.80.

If in case they match .38c dividend or slightly better, then this is in a massive discount .

.38/3.10*100=12.25%/6months*12months that should give 25% return on dividend payment alone.
Then what about the capital gain.

All in all to sum up ASIY 3.10Rs is a good collection if you were able to collect it.

Decision makes hold almost all the shares.I think close to 97%.more than .10 possible.I don't have this yet.Last time enjoyed the party.

[SHARK a.k.a TAHTop contributor]

If they (ASIY) persist with similar payout like last time oooh boy it would be in massive collection by most. with a possible reaching it to 5Rs over CTBL 4Rs CMP.
But all this would be speculative....

Lets be patient till AUG-SEP