Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Stock Broker Companies for sale
by janith123 Today at 9:26 pm

» Fresh push to woo UK investors to SL
by ruwan326 Today at 8:03 pm

» Daily Foreign Transactions
by ruwan326 Today at 7:59 pm

» Daily Stock Market Update
by Insights Equity Today at 6:50 pm

» Central Bank will intervene if rupee moves on speculation – official
by Yahapalanaya Today at 6:18 pm

» FUTURE WINNING STOCKS AT BOTTOM LEVEL
by Yahapalanaya Today at 6:15 pm

» US Share Market Crash Seems to Good for Sri Lankan/Asian Share Market and Currencies
by Yahapalanaya Today at 5:26 pm

» Nimal returns to stock market
by sapumal Today at 4:53 pm

» Stock price decline leaves John Keells (JKH) vulnerable to a takeover by Sri Lanka’s oligarchs
by ruwan326 Today at 8:08 am

» ALHP WILL MOVE UP SOON
by wisdom79 Yesterday at 9:56 pm

» අනං## මනං ##
by ruwan326 Sat Oct 13, 2018 9:45 pm

» MARKET CRASH - GUARANTEED
by ruwan326 Sat Oct 13, 2018 9:23 pm

» Weekly Stock Market Roundup
by Insights Equity Fri Oct 12, 2018 8:55 pm

» Dealing by directors
by ruwan326 Fri Oct 12, 2018 8:08 pm

» Summary of Key Announcements during the week
by ruwan326 Fri Oct 12, 2018 8:06 pm

» Arjun Alosius and Mano Thittawella
by janith123 Fri Oct 12, 2018 5:29 pm

» Global stock markets plunging, Sri Lanka’s CSE takes no notice - 11 October 2018
by EquityChamp Fri Oct 12, 2018 2:24 pm

» Stock Market Cartoons
by ruwan326 Fri Oct 12, 2018 1:42 pm

» HOW TO STABILIZE RUPEE
by EquityChamp Thu Oct 11, 2018 10:26 pm

» Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion
by ranferdi Thu Oct 11, 2018 8:44 am

» Dhammika shows way out of middle income trap
by ruwan326 Thu Oct 11, 2018 8:02 am

» Our forum moderator Teller narrowly missed the year 2018 Nobel Prize for economics science to a pair of American economists, William D. Nordhaus and Paul M. Romer
by janith123 Wed Oct 10, 2018 8:53 pm

» Learn Forex Trading for Beginner
by yogi11137 Wed Oct 10, 2018 3:12 pm

» Pakistan’s debt problem
by shalika.56 Wed Oct 10, 2018 12:09 pm

» EUR/USD is in a downtrend and needs to clear 1.1650
by GersonH Tue Oct 09, 2018 8:06 am

» USD/JPY: Buy Or Sell?
by GersonH Tue Oct 09, 2018 8:03 am

» BFL & poultry Stock
by janith123 Mon Oct 08, 2018 8:26 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Mon Oct 08, 2018 7:35 pm

» NDB RIGHTS
by DS Wijesinghe Mon Oct 08, 2018 12:42 pm

» Fuel price formula will be useless if we reveal it: CBSL Senior Deputy Governor
by ruwan326 Mon Oct 08, 2018 8:01 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Charts & Graphs » Direction of All Share Index-Some charts worth looking At them.

Direction of All Share Index-Some charts worth looking At them.

Go down  Message [Page 1 of 1]

FLOWER2

avatar
Manager - Equity Analytics
Manager - Equity Analytics
CSE One year return 13.42%. What will be the direction of CSE during next eight months? Is it right time to pick consumer staples, health care, hotels, less popular banks, less popular diversify, large(Blue-chips) mid and small stocks? Finally, it is time to study technical strength for next six months.
 
http://finance.yahoo.com/echarts?s=^CSE+Interactive#{}
 
http://www.investing.com/indices/cse-all-share
 
Following Nicolas Darvas Criteria List could apply to the CSE from now onwards.

1. Double from 52 week low
2. All time high
3. Infant sector
4. Current earnings growth or expected growth
5. Low capitalization
6. High volume surge
7. Box or range near recent high
 
Rapid momentum, slow and steady run might appear from stocks. We saw strong boxes for PARQ and ALUF.


Candidates for rapid momentum and slow and steady run:

HVA, SHL, PABC, MGT, PMB
BFL, GRAN, TAFL, HAYL, MBSL
SOY, ACAP, DPL, MPRH, AEL
JKH, COMB, HNB, COMB, DFCC
SAMP, TPL, UDPL, ARPI, ECL,NDB

As long as boxes are building one top of another enjoy the market trend and trend for above stocks. Cheers.

FLOWER2

avatar
Manager - Equity Analytics
Manager - Equity Analytics
https://nz.finance.yahoo.com/q?p=finance.yahoo.com&s=%5ECSE

Boxes are building strongly one top of another. It is a Bullish sign.

FLOWER2

avatar
Manager - Equity Analytics
Manager - Equity Analytics
 
Need to revisit box building on stocks. Look for stocks building boxes one top of another.
 
1-Year Return-13.64
 
52 wk Range 6527.39 - 7550.3
 
Can boxes pass to reach 7550.3 ?

Quibit

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Can anybody show me the 200day moving average with the ASI to determine the long term trend. I believe it has crossed downwards and we are in the starting phase of a bear run.

chamith

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[You must be registered and logged in to see this image.]

200 EMA vs 40 EMA

Sstar

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@chamith wrote:[You must be registered and logged in to see this image.]

200 EMA vs 40 EMA

Aren't we on a bear run??
40day MA has crossed 200day MA. Downwards!
Long term bear signal!!!
Where are the technical experts!

chamith

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yeap, This is called a death cross. Usually an indication of long term barish movement. 
But market looks oversold due to the sudden drop.

FLOWER2

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Let’s try to apply Daravas box method in the coming months.
 
For starters, Darvas notes in the appendix of his book (on page 194 of my copy) that the following information about a stock are necessary concomitants to the success of his system:

  • An all-time high
  • High and low for the past two or three years
  • Weekly price range and volume for at least the last four to six months

To identify a Darvas box, one would first locate the highest price that a stock reached during a certain period. Then, if that price is not breached to the upside for three days, Darvas would consider it to be the top of the box. It is only after locating the top of the box that one begins to search for the bottom. Darvas was adament about this point. Locating the bottom of the box is essentially the same as looking for the top, but in reverse. Once the box has been defined, says Darvas, the stock should bounce around in it. If it does not, he would be worried.
 
If, at some point in the future, the stock pierces the top of the established box ('by a tick' says Darvas), then one would immediately buy the stock. I always use weekly charts, even to find breakouts. In my experience, I have found that this cuts down on the number of false breakouts Over the years, I have seen all manner of Darvas boxes take shape.
 
I have found that, in practice, stocks that bounce around in relatively straight, horizontal fashion perform quite well, as do stocks that have a symmetrical wave shape.
 
http://boxcharts.com/darvas-box-theory-explained-3.html

FLOWER2

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Watch out next couple of weeks. Touch only right stocks when boxes build up one top of another.
 
“Darvas Boxes provide an excellent methodology to identify breakouts and breakdowns in trending markets. Conversely, Darvas boxes are also very effective at identifying consolidating markets where breakouts and breakdowns often form and then fail.
 
Combine aspects of technical trading and fundamental trading. Have interested in volume and price for a  potential profitable stocks in which to invest.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum