Archive for August 7th, 2012

Which is this underperformer that should be bought?

1) First because it is a running LONG 30
2) Second it has moved above psychological levels.
3) Prices are near a decade of resistance. More a stock tests a resistance, more the chances of a positive breakout.
4) Since 30 Nov 2009 price structure is in a sideways corrective. Inability of prices to fall is positive?
5) Even on a minor basis, prices are in a corrective sideways action since May 2012.
6) Momentum monthly has a positive reversal.
7) From 2004, secular underperformance vs. Nifty
8) Jiseki Cycles positive
9) Sleeping volumes. One should buy before the noise comes in not after the noise.
10) Review levels lie at ***

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Jiseki Interpretation. Signals are interpreted as crossovers between various Jiseki Cycles. All three Jiseki cycles (Jiseki 1,2 and 3) depict different time frames. Example: An asset is ranked above 80 percentile and all the three Jiseki cycles are pointing lower, this suggests a running SHORT SIGNAL. Our Jiseki Indices use different kind of exits based on price and Jiseki Cycles. We have color coded the (Jiseki 1>Jiseki 2) SHORT zones with brown sandy (burlywood) and grey (Jiseki 1>Jiseki2) for LONG SIGNALS.

Mukul Pal, is a Chartered Market Technician, MBA Finance and a member of the reputed Market Technicians Association (MTA). He has more than a decade of Capital Market experience dealing with derivatives and global assets. He has worked for Bombay Stock  Exchange, multinational Banks and brokerage houses in leading research positions before starting on his own in 2005. He is the President of the MTA Central and Eastern European Chapter.