I think it is a good idea to verify our analysis techniques by testing it after a time gap.
The purpose of this report is to find out the correctness of our analysis.
I have tested all the stocks I was tracing from 26 feb.
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It was the chart on 26 feb.
The price was around 4650 and I didn't find any buy opportunity then.
It is the chart on 13 march.
The price is around 4690. It means price was increased only 40 rs in previous 15 days.
The rate of increase is 0.86% in 15 days.
It is chart on 13 march.
Price is around 1550 rs. Increase in price is 100 rs in 13 days.
Growth rate 6.9% in 13 days.
It was 1 yr daily chart on 28 feb.
Price was around 470 rs.
I didn't find any buying opportunity in it.
It is 6 m daily on 13 march.
Price is around 480 rs. Increase in price is around 10 rs.
Growth rate of this stock in previous 13 days is 2.12%.
This was the 1 yr daily chart on 5th march.
Price was around 440 rs.
I didn't suggest to buy this stock.
It is 6 m daily chart on 13th march.
Price is around 445 rs. Increase in price only 5 rs in 1 week.
This was the 1 yr daily chart on 6th march.
The price was around 270 rs.
I suggested to trace because it was on support level of previous 5 yrs so it could go up.
This is the 6 m daily chart on 13 march.
The price is around 280 rs. Increase of 10 rs. in 6 days.
Now it is still showing Bearish divergence.
finished.....
The purpose of this report is to find out the correctness of our analysis.
I have tested all the stocks I was tracing from 26 feb.
NESTLE INDIA ANALYSIS
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The price was around 4650 and I didn't find any buy opportunity then.
The price is around 4690. It means price was increased only 40 rs in previous 15 days.
The rate of increase is 0.86% in 15 days.
TATA COFFEE ANALYSIS
Tata coffee 1 yr daily on 28 feb.
Price was around 1450 rs.
I analyzed that it was indicating to go up.
Price is around 1550 rs. Increase in price is 100 rs in 13 days.
Growth rate 6.9% in 13 days.
YES BANK LTD ANALYSIS
Price was around 470 rs.
I didn't find any buying opportunity in it.
Price is around 480 rs. Increase in price is around 10 rs.
Growth rate of this stock in previous 13 days is 2.12%.
Cera Sanitarywar Analysis
Price was around 440 rs.
I didn't suggest to buy this stock.
Price is around 445 rs. Increase in price only 5 rs in 1 week.
DLF ANALYSIS
The price was around 270 rs.
I suggested to trace because it was on support level of previous 5 yrs so it could go up.
The price is around 280 rs. Increase of 10 rs. in 6 days.
Now it is still showing Bearish divergence.
finished.....
Dear Shashank,
ReplyDeleteYou hv done an excellent work. You are not only diligent but hv a sharp incisive mind.
I hv identified following stocks for 3% - 5% gains in the next 5 to 7 trading days. Kly share yr views.
1) SAIL:
Price has fallen fm 102 (on Jan 7) to 67 on (on Mar 5), with intermediary supports at about 88 and 78.
Only in early 2009, price was at 67 level.
On the RSI, I am unable to find any divergence.
However, the stock has just come from the oversold area (i.e. RSI below 30).
2) HUL:
Price has declined fm 580 (mid-Oct, 2012) to 435 (Mar 7/8); with intermediary supports at 517, 449 breached and now at 435.
Since Mar 7/8, price has increased to 449 or over 3%.
I notice a Bullish Divergence from Feb 28 to Mar 7 i.e. Price is making a lower low and RSI is making a higher low.
If 435/449 levels are breached, the next support levels are 406 and 374.
3) ONGC:
Price hv declined from 355 to 311, with support at 334, 311, 300, 255, 248, 240.
On the daily and weekly Price/RSI chart, I do not find any divergences.
Shall appreciare yr views and would also welcome a dialogue.
Sincere regards,
Vivek Seth
Your comments are excellent.. I shall now take a look at SAIL / ONGC.
ReplyDeleteHUL I am not convinced on fundamentals as most of the profits are by sale of real estate. Read ET 14 March 2013.
Regards
Manu
Thank you Sir,
ReplyDeleteI will definitely check these stocks and inform you the results.