TJL - Watch

TJL - has a strong psychological support around 40.00, this is a critical support area. Failure to hold will expose it to be supported at 38.90. A resumption of an uptrend will take place above 41.50. Buying could be delayed till that area is tested.

COMB - Need to hold above 134.50

COMB - 76.4% fib ret is around 134.50. Expect the stock to hold above that. With strong momentum I expect it to test 143.00.

ASI - still in no man's land

ASI - as reported last week, is not going anywhere. Need to watch the weekly chart very closely.

CFVF - There is a trade for the brave

CFVF - is a stock that has given a sizable return to any one who had spotted the potential. Well that potential is still available, due to falling bond rates.

If you are brave there is a trade in this stock as follows:

Buy @ 34/50-35/00
Sell above 40.00 upto 41.00
Stop @ 33.40.

35 was a psychological barrier that the stock is wanting to break and stay above. Once the price with the help of volumes creates the much needed strong base, you will see it testing 41.00.

BALA - Exit now and watch

Bala - 24.00 appears to be the present high. Exiting in part or completely will not regret.
Wait for the consolidation to take place before you get in again. As plantations have been the best performing sector it is advisable to short your own stocks and cover your own at the right time. But volumes and stops are an integral part of a mature trader, hence you do not know that then do not trade a single share. Without knowing the basics of trading IF you are trading, that is PURE STUPIDITY.

MADU - Now what?

MADU - is one counter that behaved exactly as I wanted. If you followed my posts on it you would know that my 1st target was 10.50, and the 2nd being 11.50. I was pleased to see that it hit the 1st target and checked in at 11.00 before the present level of 10.40. So what's next to expect from it?
I want to see it's getting consolidated above 9.80. I also expect two things to happen as well.
1. It could breakout 11.00 and test 12, thereby hitting my 2nd target, then fall and trend above 10.00.
2. If the trend extension is to stall then it will test 9.80, and have a support failure making it to make a gap fill and find support above 9.00.
Either way the present strategy is to sell a part of what you have now if you have not sold after buying at 9.00, and hold the balance, while waiting to exit at the 2nd target of 11.50. A failure to see an extension will allow you to increase your holding at the right time. But that right time needs to be watched.

LOLC - Try and pick a few @ 118

LOLC - is turning out to be on of the best performing conglomerates of 2017. The growth momentum alongside investor confidence will take this counter to new highs in the months ahead. However the Price will obviously fluctuate. And the present trend can take it upto around 128.80. Ideal price now to pick some will be 118.00. Take an averaging down approach than a trading approach, whilst booking profits at the targets you feel fit to take.

BIL - Trade only if you have the gutts

BIL - Is going places with super growth momentum. This had brought short term traders big and small into it. Take a trading position only if you have patience to wait for the targets to hit, or move out of the trade if a trend failure happens before the targets are hit.

The stock is on a consolidation in the weekly chart, whilst the daily chart is bullish.

ASI - Survived to hold above 50% Fib Ret, but weekly is weak

ASI - RSI was below 20 points, but many other indicators turning their curves, signaled a tend reversal very soon (refer my post dated 23.08.2017). So the ASI survived to hold above an important support area of 6367 which is the 50% Fibonacci retracement  line plotted from the present low to the present high. Whilst that is a good development based on the Daily chart, suggesting a nice environment in the short term, the weekly chart is still in a consolidation and a recovery. Nevertheless the market now has room for a busy period in the days ahead.

Trade volumes your maturity can tolerate, else do not blame no one but you......

LDEV - Short Term Trade

LDEV has been active during the last 3 to 4 weeks. It resumed a new wave today. As such there is a good trading opportunity if we follow the below rules:

Buy - 3.70
Sell - 1st Target - 4.30, 2nd Target 4.70
There is nothing certain in life so be strong to stop loss below 3.30.
As you need to bear the consequences of a trend failure, trade only with an amount you can lose.

AEL - Thin Volumes

AEL - As long as there are no large volumes changing hands this counter will fail to hold. Traders need to wait and see.

JKH - No signs of a recovery yet

JKH - Although the RSI is oversold, it is not showing signs of recovery yet. Present support range is 153.30 - 159.00. Hope it will recover soon.....

ASI - Waiting for a trend change one of these days

ASI - RSI is oversold, histogram bars on the MACD is shortening, PSAR dots are trending very closely above the ASI line, Stochastic with my personal parameters are showing an ascent. All I'm watching now is the Bullish Close. Hope it will happen really soon......

JKH - Another support failure

JKH - Support above 164.50 did not hold. Opening it to test the region above 160.00. Watching the trend change based on indicators........No signs yet

MADU - 1st Target hit

MADU - Target of 10.50 was hit yesterday. Had you bought @ 9.00 it is a return in excess of 15% in less than a month.

New Chart is below

ASI - On a major pivot of 6490

ASI - Is on a major pivot area of 6490. RSI is below 20 points, show that it is in an oversold area. However this we have seen on the ASI many a time. We need to see a recovery stage before any upside. Till then 6460 and 6360 are areas to watch.