Time techno cmp 306 crossed its previous all time high of 232 (posted in Jan 2018) in March 2024. During this time it formed a rounding bottom structure with bottom at 24. After crossing its ATH of 232 in March 24, it consolidated in a range of 240-290 for 10 weeks and last week gave a breakout and close above the range. Some technical analysts use the range calculation method wherein target is calculated by adding the depth of rounding structure to breakout level. If that is done in case of time techno, target can be 430. If we use retracement method potential targets are at 360 (161.8% of entire fall from 232 to 24) and 570 (261.8% of entire fall from 232 to 24) These targets are just based on simple methods described in technical analysis and may or may not be achieved. Personally I prefer to keep riding the trend based on a simple subjective level like the 10 WEMA or 30 WEMA. disc: invested.
Posts tagged Value Pickr
52 week highs and all time highs strategy (16-06-2024)
Time techno cmp 306 crossed its previous all time high of 232 (posted in Jan 2018) in March 2024. During this time it formed a rounding bottom structure with bottom at 24. After crossing its ATH of 232 in March 24, it consolidated in a range of 240-290 for 10 weeks and last week gave a breakout and close above the range. Some technical analysts use the range calculation method wherein target is calculated by adding the depth of rounding structure to breakout level. If that is done in case of time techno, target can be 430. If we use retracement method potential targets are at 360 (161.8% of entire fall from 232 to 24) and 570 (261.8% of entire fall from 232 to 24) These targets are just based on simple methods described in technical analysis and may or may not be achieved. Personally I prefer to keep riding the trend based on a simple subjective level like the 10 WEMA or 30 WEMA. disc: invested.
Smallcap momentum portfolio (16-06-2024)
Hello @Anand_Jain I tried your formula; I am getting a parse error. Please reconfirm if the formula has to be tweaked.
I will complete the bhav copy process for the previous week. Then I can see if there is any difference between the two lists.
Smallcap momentum portfolio (16-06-2024)
Hello @Anand_Jain I tried your formula; I am getting a parse error. Please reconfirm if the formula has to be tweaked.
I will complete the bhav copy process for the previous week. Then I can see if there is any difference between the two lists.
52 week highs and all time highs strategy (16-06-2024)
Usha Martin follow up.
After nearly a year of consolidation between 270-380, stock price finally managed to move above the consolidation zone and closed with a big bullish candle above the zone with good volumes. It has formed a W or a double bottom breakout with potential targets of 480. There can obviously be the retest and consolidation at or around breakout zone of 380-400. disc: invested.
52 week highs and all time highs strategy (16-06-2024)
Usha Martin follow up.
After nearly a year of consolidation between 270-380, stock price finally managed to move above the consolidation zone and closed with a big bullish candle above the zone with good volumes. It has formed a W or a double bottom breakout with potential targets of 480. There can obviously be the retest and consolidation at or around breakout zone of 380-400. disc: invested.
Anshul’s investing journey (16-06-2024)
I think that real estate has a strong cycle ahead! After watching a few analysis and reading reports, we are only in the middle of the cycle.
Max estate operates in Delhi-NCR which is the strongest market in India right now. the player is guiding for 100% pesales growth, which is about 4000 crores. so at my buying point, I was getting it at a 1x of market cap/Presales
the only player that compares its growth is TARC. which said 200%. If I had capital, I would play a basket approach with the two names.
Hope that helps
Anshul’s investing journey (16-06-2024)
I think that real estate has a strong cycle ahead! After watching a few analysis and reading reports, we are only in the middle of the cycle.
Max estate operates in Delhi-NCR which is the strongest market in India right now. the player is guiding for 100% pesales growth, which is about 4000 crores. so at my buying point, I was getting it at a 1x of market cap/Presales
the only player that compares its growth is TARC. which said 200%. If I had capital, I would play a basket approach with the two names.
Hope that helps