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The document discusses various technical analysis patterns such as cup and handle, flags and pennants, and double bottoms/tops that can be used to identify trading opportunities in stocks. It provides examples of each pattern in stocks such as Bharat Bijlee, VST Tillers, KCP Ltd, and USL to demonstrate how technical analysis can be combined with fundamental analysis of companies to make investment decisions. The speaker aims to educate VP-level attendees on using basic technical patterns to identify trading opportunities.
The document discusses various technical analysis patterns such as cup and handle, flags and pennants, and double bottoms/tops that can be used to identify trading opportunities in stocks. It provides examples of each pattern in stocks such as Bharat Bijlee, VST Tillers, KCP Ltd, and USL to demonstrate how technical analysis can be combined with fundamental analysis of companies to make investment decisions. The speaker aims to educate VP-level attendees on using basic technical patterns to identify trading opportunities.
The document discusses various technical analysis patterns such as cup and handle, flags and pennants, and double bottoms/tops that can be used to identify trading opportunities in stocks. It provides examples of each pattern in stocks such as Bharat Bijlee, VST Tillers, KCP Ltd, and USL to demonstrate how technical analysis can be combined with fundamental analysis of companies to make investment decisions. The speaker aims to educate VP-level attendees on using basic technical patterns to identify trading opportunities.
TO FIRST LEVEL TA TO SPOT EASILY IDENTIFIABLE PATTERNS TECHNICAL ANALYSIS • TECHNICAL ANALYSIS IS THE SCIENCE OF RECORDING, USUALLY IN GRAPHIC FORM, THE ACTUAL HISTORY OF TRADING (PRICE CHANGES, VOLUME OF TRANSACTIONS, ETC.) IN A CERTAIN STOCK OR IN “THE AVERAGES” AND THEN DEDUCING FROM THAT PICTURED HISTORY THE PROBABLE FUTURE TREND TECHNICAL ANALYSIS CERTAIN PATTERNS OR FORMATIONS, LEVELS OR AREAS, APPEAR ON THE CHARTS THAT HAVE A MEANING IN TERMS OF PROBABLE FUTURE TREND DEVELOPMENT. THEY ARE NOT INFALLIBLE, BUT THE ODDS ARE DEFINITELY IN THEIR FAVOR. TIME AFTER TIME, AS EXPERIENCE HAS AMPLY PROVED THESE PATTERNS LEAD TO SUCCESSFUL OUTCOMES. CUP AND HANDLE • THIS PATTERN CONSISTS OF A LARGER CUP OR A SAUCER SHAPED ROUNDING BOTTOM FORMATION FOLLOWED BY A HANDLE LIKE ATTACHMENT.
• MOST OF THE TIMES IT IS A CONTINUATION PATTERN.
I.E IT OCCURS IN THE MIDDLE OF A BULL RUN. A PRECEDING RALLY IS ALWAYS A DESIRED PATTERN. THIS PATTERN INDICATES A TEMPORARY HALT IN A RALLY WHICH PROVIDES AN ENTRY POINT FOR THOSE LEFT BEHIND EARLIER. CUP AND HANDLE contd • VOLUMES DURING A HANDLE FORMATION ARE VERY LOW INDICATING LOW LEVEL OF INTEREST AND MORE OF A TIME CORRECTION. USUALLY IN AN IDEAL PATTERN, THE BOTTOM OF HANDLE SHOULD NOT GO BELOW THE 50% RETRACEMENT LEVEL OF THE CUP
• PRICE TARGETS ARE ARRIVED AT BY ADDING THE
HEIGHT OF CUP TO THE BREAKOUT LEVEL. THESE ARE OFTEN MINIMUM TARGETS AND OFTEN EXCEEDED BHARAT BIJLEE LTD WEEKLY BHARAT BIJLEE MONTHLY FUNDAMENTALS -BBL • TRANSFORMER SECTOR IS ON A ROLL
• GOOD NOS REPORTED FOR MARCH 17 QTR
• CO HAS INVESTMENT IN SHARES OF SIEMENS
HDFC, HOEL ETC AND THESE STOCKS HAVE RUN UP DURING CURRENT BULL RUN. MONSANTO MONSANTO FUNDAMENTALS • GOOD RESULTS REPORTED FOR PAST THREE QUARTERS • MNC COMPANY WITH DOMINANT POSITION IN CORN HYBRIDS AND ALLROUND AGROCHEMICAL PRODUCT. • GLOBAL MERGER OF BAYER AND MONSANTO. VST TILLERS VST TILLERS FUNDAMENTAL • WELL MANAGED COMPANY • CO HAS EXPANDED CAPACITY OF TRACTOR MANUFACTURING. • TRACTORS ARE THE NEW GROWTH ENGINE. • WITH NEW FACILITIES, THE LAND AT WHITEFIELD BANGALORE COULD OFFER OPTIONALITIES. • FARM MECHANISATION PICKING UP PACE. ORIENT REFRACTORIES ORIENT REFRACTORIES • INDIRECT WAY TO PLAY STEEL CYCLE. • WELL MANAGED CO WITH RHI AS PROMOTER. RHI IS A GLOBAL LEADER IN REFRACTORIES. • PRODUCTION CAPACITY OF 9300 TONS EXPANDED BY ANOTHER 2400 TONS AT A COST OF 17 CRORES, TO MEET GROWING DEMAND OF REFRACTORIES GLOBALLY. VINATI ORGANICS RELAXO live example HSIL LTD FLAGS AND PENNANTS • THIS IS A PATTERN WHICH AGAIN IS A CONTINUATION PATTERN AND OCCURS MIDWAY DURING A STOCK’S BULL RUN. IT AGAIN INDICATES A COUNTERTREND SMALL CORRECTION DURING AN ONGOING BULL RUN.
• AFTER A SHARP ALMOST VERTICAL RISE, THE
STOCK PRICE TENDS TO CONSOLIDATE IN A SLIGHTLY DOWNPOINTING FLAG PATTERN WHERE VOLUMES DRY UP. FLAGS AND PENNANTS contd • HERE, THE BOTTOM OF THE FLAG SHOULD IDEALLY NOT CORRECT MORE THAN 50% RETRACEMENT LEVEL OF PRECEDING RALLY. AND A BREAKOUT PAST THE FLAG PATTERN SHOULD OCCUR WITH HIGHER VOLUMES. • • PATTERN TARGETS ARE ARRIVED AT BY ADDING THE HEIGHT OF THE FLAGPOLE TO BREAKOUT POINT. BHARAT BIJLEE DAILY FLAG KCP LTD KCP LTD • CONGLOMERATE WITH MAIN INTERESTS IN CEMENT, SUGAR, POWER, HEAVY ENGG, TURNKEY SUGAR AND POWER EPC, HOSPITALITY • CAPACITY EXPANSION IN CEMENT AT MUKTYALA TO DRIVE CEMENT VOLUMES • AROUND 33 MW POWER ASSETS INCLUDING RENEWABLES VST TILLERS WEEKLY FLAG MAYUR UNIQUOTERS ASTRAL POLY SUNDARAM FINANCE MANAPPURAM SMALL FLAG MANAPPURAM BIGGER FLAG DOUBLE BOTTOM • ONE OF THE COMMON PATTERNS SEEN DURING BOTTOM FORMATION. • TWO BOTTOMS AND AN INTERMEDIATE PEAK ARE IMPORTANT POINTS TO WATCH OUT. BREAKOU T PAST THE INTERMEDIATE PEAK WITH HIGH VOLUMES INDICATES CONFIRMATION OF PATTERN. • TARGETS ARE ARRIVED AT BY ADDING HEIGHT OF PATTERN TO BREAKOUT LEVEL. DATAMATICS GLOBAL DCM SHRIRAM MAX INDIA CAPITAL FIRST – double top HCG IDEA double bottom USL daily double bottom USL WEEKLY double bottom