P&F chart - Persistent

Date: 30th July 2015

Last closing price: 655.30

Bullish broadening formation followed by Double Top buy signal. Up side counts of 717 and 781 are active. Stop loss of 632 should be followed on closing basis.

 

- Prashant Shah, CMT, CFTe

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - Stock analysis

Date: 28th July 2015

Hind Petro bullish count is achieved. Zeel went till 409. HDIL short achieved 78. Rpower has seen 5% cut so far.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Zeel & Hind Petro - Smooth trends

Date: 22nd July 2015

 

Figure 1: Zeel (387.20)

Such a clean uptrend. Bullish 100% above moving average is rare pattern followed by another buy. Possibility of achieving 412 in short term.

Figure 2 & 3: Hind Petro (872.15)

Another smooth uptrend. Looks like 925 shouldn't be a problem. Consolidating candles are time bars of this chart.  Low of the same can be used as a stoploss.

Fig 1: Zeel 0.25% x 3 cl Point & Figure chart

Figure 2: Hind Petro 0.25% x 3 cl Point & Figure chart

Figure 3: Hind Petro daily candlestick chart

 

- Prashant Shah, CMT, CFTe

 

 Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - HDIL & Rpower

Date: 22nd July 2015

 

Ultra cem went till 3369 & achieved the count.

 

Figure 1: HDIL (86.95)

Double bottom followed by bearish 100% price action. 78 and lower is possible if close doesn't occur above 89.

Figure 2: Rpower (44.15)

Bull trap breaching bullish trendline. 10%+ cut is possible unless price close above 45.25.

Figure 1: HDIL 0.25% x 3 cl Point & Figure chart

Figure 2: Rpoweer0.25% x 3 cl Point & Figure chart

 

 

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Ultracem & Century text

Date: 17th July 2015

Tata chem went till 495 and Castrol India till 490 yesterday itself.

 

Figure 1: Ultracemco (3175.05)

Series of double tops. Buy with stop loss placed below 3140.  Counts of 3300+ are active.

Figure 2: Century textile (725.15)

Double top buy followed buy Low Pole. Buy with stop placed below 714. Upper counts of 775+ are active.

Fig 1: Ultracemco 0.25% x 3 cl Point & Figure chart

 

Fig 2: Cent textile 0.25% x 3 cl Point & Figure chart

 

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Tata chem & Castrol India

Date: 15th July 2015


Tatachem (460.20)

Trade long with stoploss placed at 438. Upside counts of 488 & 530 are active.

Castrol Ind (471.85)

Trade long with stoploss placed at 462. Upside count of 498 is active.



Tata chem 0.25% x 3 cl Point & Figure chart



Castrol India 0.25% x 3 cl Point & Figure chart



- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Jain Irrigation - P&F chart

Date: 2nd July 2015

 

Figure 1: JISLJALEQS (69.55)
Setup looks bullish from medium term perspective. Upside count of 95 is open and close above 71 will activate one more count of 88.90. Medium term players can trade for these counts if 64 is maintained on closing basis.

  

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.