Sensex
Daily India SENSEX forecast analysis08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -0.7% (LOW), -0.5% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.9% (LOW), -0.6% (CLOSE)
India SENSEX daily, bearish wedgeThe Indian index SENSEX was forming a bearish wedge on its daily candlestick, waiting it to break below the line, short term target is 38,000.
TCS testing high of Sep 18?TCS again rallying up to its high to test May 19 and Sep 18. Expect high volume on that level which might give a dip.
Enter with confirmations. Might prove it to be a good intraday trade or can be a long term with good reward if HOLD.
ZEE entertainment possible buy ?ZEEL has been in a downtrend following trend line. It is near to FEB'19 low. hopefully looking for a buy from 330 on support.
Earning data on 27 will be in key focus.
YESBANK:NSE Possible buy from 125-30 range.Yesbank has been struggling with the bears from poor results. Seems like a good gains from range of 125-30. (Aiming for 300-310 if hold on technicals).
current rend - Downtrend/bearish
RSI oversold on till daily charts.
Consider fundamentals and enter with confirmations.
Buy Marico LTDWe witnessed a false breakout towards the ascending triangle
on Marico. And a Double top on the 7th of Jan 2019.The ascending triangle continues to be intact
confirming a strong bullish trend with targets of 360 and towards 400
However, if Price breaks below 324 . The Stock would consolidate towards 260.
(Recommendation Buy at CMP with targets of 360 and 400 SL at 319)
DIVISLAB - BULLISH PATTERN
#DIVISLAB
CMP 1532
Long suggested ONLY above 1550;
Stop 1500 swing position / 1530 intraday position;
Open target ;
Logic :
Trend template + consolidation pattern(Vcp).
HAVELLS - CUP AND CHEAT PATTERN#HAVELLS
CMP 713
Buy above 730
Stop 675
Logic : Trend template + Cup and cheat pattern
UPL - CUP AND CHEAT PATTERN FORMATION#UPL
CMP 760
Long suggested ONLY above 800.
Stop once initiated at 740.
Target open
Logic:
Cup and cheat pattern formation accompanied with strong underlying trend. Currently stock in consolidation phase, hence entry just above breakout suggested.
INDUSINDBK - BREAKOUT WILL LIKELY AMPLIFY FALL#INDUSINDBK
Positional and Intraday trading opportunity.
CMP 1485
Short at 1465-1468
Stop for intraday 1490
Stop for positional / swing 1525
Target Open.
Logic :
1) Bearish trend template (daily chart)- Filter 1
2) Downward sloping daily pivotzones (5 min chart) and close below 375 period moving average of daily pivot zones (5 min chart) - Filter 2.
3) Price currently resting close to support level of 1472 (Rs 4-7 cushion kept for avoiding entry during fake breakouts) with a nice contraction in price and volume.
CEAT - BEARISH SETUP#CEAT
CMP 1188
Short suggested at around 1185-1188; stop 1225
Logic:
Stock has formed a consolidation pattern in the form of H&S amidst its strong downtrend as confirmed by Trend Template.
RELIANCE - Volatility Contraction Pattern observed#RELIANCE
CMP 1140
Long suggested above 1145.
Stop 1095.
Target Open
Logic:
#VCP
#VolatilityContractionPattern
Perfect VCP accompanied by Volume behaviour as well.
AARTIIND - HIGH PROBABILITY BULLISH SETUP#AARTIIND
CMP 1550
Stop 1375
Target Open
Logic :
Cup and handle breakout witnessed in weekly chart accompanied with good volumes.
YoY quarterly np, op and sales has been increasing at a good rate over the last 3-4 quarters.
ATUL - BULLISH PATTERN IN PROGRESSCMP 3462
Long suggested above 3520.
Stop 3370.
Target Open.
Stock passes trend template
Stock is exhibiting Cup and cheat pattern in daily tf.
Fundamentals fairly decent
BIRLACABLE - A BUY CANDIDATE#MK
#BIRLACABLE
cmp 197
Long suggested above 205.
Stop once long activated - 185.
Logic
Stock in a strong uptrend and passes trend template (MM).
(indicated by 1s in the chart display text)
Stock is currently in consolidation pattern and a possible volatility contraction pattern formation is taking place which will be confirmed once it breaksout of 205 zone.
Hence ideal buy zone is around 205.
Fundamental logic
Fundamentals very strong with triple digit growth in the last 4-5 quarters.
Debt equity 0.37
Promoter holding 66%
CONCERN:
Only major concern is very high trade receivables, as a result of which Operating cash flow for Mar 2018 is negative. In other words profits shown in Mar 2018 include accrued revenue and not fully realised revenue. Trade receivables is almost at the same level in sep 2018. Consolation is historically trade receivables have been at elevated levels and stock has been performing.
SO, DO NOT VIOLATE STOP LOSS.
TEAMLEASE - A potential long candidate#MK
#TEAMLEASE
CMP 2837
Long suggested ONLY above 3075.
Stop once long activated at 2700.
Logic:
Stock qualifies the trend template
(1. stock above 30 week and 40 week ema
2. 30 week ema above 40 weeek ema
3.200day ema trending up for atleast 1 month.
4. 10 week ema above 30 week and 40 week ema.
5. stock above 50 day ema.
6. stock atleast 30% above its 52 week low (45%) Higher the better.
7. stock within 25% of its 52 week high.(14%).
8. relative strength ranking is not less than 70, preferably in 80s or 90s (84) )
Stock has formed a Cup and cheat (3C) pattern. `Cheat' consolidation appears to be in progress. Ideal buy point is if the stock breaks above the cheat zone which is 3075.
Fundamentals:
NP and Sales in double digit yoy growth over the last 3-4 quarters.
Zero debt.
Promoter holding 41%.
IOLCP - A POSSIBLE UPMOVE AHEADIOLCP
CMP 173
Long suggested above 180.
Stop once long activated 160.
Target Open.
Stock has been witnessing strong buying at every correction with good volumes
Stock has formed a sort of reverse H & S pattern.
Stock has been hovering above the monthly pivot zone.
A breakout above 180 will confirm momentum for further upside.
Strong fundamentals
Narration Quarterly YoY growth Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18
Sales 32.92% 26.36% 43.52% 48.75% 68.06% 94.18%
Operating profit 2.95% 15.57% 27.62% 23.41% 52.35% 158.08%
Net profit 319.72% 366.32% 771.29% 474.50% 383.56% 766.82%
npm 0.35% 0.65% 1.32% 0.65% -0.01% 5.10%
Narration Annual growth Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18
Sales 2.30% 17.03% -31.73% 50.87% 22.44% 38.37%
Operating Profit 29.33% 7.50% -88.25% 357.33% 98.91% 21.66%
Net profit -66.60% 107.55% -2119.70% -39.94% -111.67% 493.15%
Price to earning 39.27 18.20 (2.57) (11.77) 80.10 19.59
Price -3.72% -12.71% 72.64% 132.92% -20.59% 45.09%
npm -0.68% 0.26% -17.91% 10.43% 7.55% 2.16%
Price 23.88 20.84 35.98 83.81 66.55 96.56
NATIONAL PEROXIDE - A POSSIBLE HIGH PROBABILITY MULTIBAGGER4360
long suggested above 4600
Technicale rationale :
VCP in progress accompanied with volume contraction. Possible expansion in coming trading days.
Price resting at support , quarterly pivot zone.
A break above 4600-4675 zone confirms the completion of vcp breakout.
stop suggested at 4100 once long activated.
Fundamental rationale:
Fundamentals
dec 17 / mar 18 / june 18 / sep 18
Sales growth 30.85% 58.64% 53.70% 94.69%
Op. Profit growth 139.28% 247.50% 134.36% 199.18%
Net Profit growth 162.94% 621.66% 137.10% 192.74%
Operating profit
margin 45% 59% 62% 65%
Operating cash flow YoY annual growth (mar 2018) 59%
Debt to Equity : Nil
Promoter holding : 70%
