breakout

karthikmarar

Well-Known Member
#31
Hi Guys

The idea behind this post is to Alert about possible breakout candidates. It is not a recommendation to Buy. I am just sharing with you the study done by me. It is for individuals to see if an oppurtunity exists and captitalize on it.

The Possible breakout is candidate is MAHINDRA UGINE STEEL.

MAHINDRA UGINE gapped up on Friday with huge volume. Closed up 14.500 at 126.750. Volume was 1,652% above average.

Fridays Quote

Open High Low Close Volume
114.900 134.700 114.900 126.750 866,680

TECHNICAL DETAILS

Technical Outlook

Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 108.43 106.65 98.61
Volatility: 84 57 68
Volume: 104,377 42,217 72,714

Technical Indicators

The Stochastic Oscillator is 75.3363.
The current value of the RSI is 72.11. This is an overbought Indication.
The current value of the CCI is 256.This is an overbought Indication.
MACD has generated a BUY signal.
Chande Momentum Oscillator is 37.8893.

SOME FUNDAMENTALS

Business: Manufacturers and dealers of mild, tool, alloy and special steels.

Financials
The company has shown 46% increase in sales for the year-ended March 2005 compared to the previous year. PAT increased by 689%.

However the 1st quarter of 2005-2006 shows a decrease of 3% in sales and 43.9% in PAT.

EPS for 2005 was 17.9 compared to 1.9 for 2004

Share Holding Pattern as of June
Promoter : 53.4
Mutual Funds : 5.32
Other Institutions : 9.89
FII : 7.25
Public : 19.06

The company declared a dividend of 30% and approved during the AGM in July

The price chart is also enclosed for ready reference.
Hope you will find this usefull. Please post your comment if any.

regards

karthik
 
Last edited:
#35
karthikmarar said:
Hi Guys

The idea behind this post is to Alert about possible breakout candidates. It is not a recommendation to Buy. I am just sharing with you the study done by me. It is for individuals to see if an oppurtunity exists and captitalize on it.

The Possible breakout is candidate is MAHINDRA UGINE STEEL.

MAHINDRA UGINE gapped up on Friday with huge volume. Closed up 14.500 at 126.750. Volume was 1,652% above average.

Fridays Quote

Open High Low Close Volume
114.900 134.700 114.900 126.750 866,680

TECHNICAL DETAILS

Technical Outlook

Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 108.43 106.65 98.61
Volatility: 84 57 68
Volume: 104,377 42,217 72,714

Technical Indicators

The Stochastic Oscillator is 75.3363.
The current value of the RSI is 72.11. This is an overbought Indication.
The current value of the CCI is 256.This is an overbought Indication.
MACD has generated a BUY signal.
Chande Momentum Oscillator is 37.8893.

SOME FUNDAMENTALS

Business: Manufacturers and dealers of mild, tool, alloy and special steels.

Financials
The company has shown 46% increase in sales for the year-ended March 2005 compared to the previous year. PAT increased by 689%.

However the 1st quarter of 2005-2006 shows a decrease of 3% in sales and 43.9% in PAT.

EPS for 2005 was 17.9 compared to 1.9 for 2004

Share Holding Pattern as of June
Promoter : 53.4
Mutual Funds : 5.32
Other Institutions : 9.89
FII : 7.25
Public : 19.06

The company declared a dividend of 30% and approved during the AGM in July

The price chart is also enclosed for ready reference.
Hope you will find this usefull. Please post your comment if any.

regards

karthik
Hi Karthik,
Nice analysis,my friend.........keep em coming!!

Saint
 
#36
cmlee said:
how do you determine "false Breakout" ?
Hi cmlee,
To put it simply,when a stock hits a particular level without being able to take it out,that level is termed resistance.When that resistance is taken out,it's called a breakout.Now this breakout should hold this particular resistance level which has now become its support.If prices pull back to support and then breaks through it and falls,this breakout is now a false breakout.This false breakout is also called as BULL TRAP.

The Bull Trap is a failure pattern..........not only is it time to sell your long position,it also is time to short some.Vice versa with a bear trap.

All the best!
Saint
 

karthikmarar

Well-Known Member
#37
Hi Proffessor Saint

It could not be explained better and simpler than this. No wonder somebody asked you in this forum if you are a Teacher. :)

Best regards

karthik
 
#39
saint said:
Hi cmlee,
To put it simply,when a stock hits a particular level without being able to take it out,that level is termed resistance.When that resistance is taken out,it's called a breakout.Now this breakout should hold this particular resistance level which has now become its support.If prices pull back to support and then breaks through it and falls,this breakout is now a false breakout.This false breakout is also called as BULL TRAP.

The Bull Trap is a failure pattern..........not only is it time to sell your long position,it also is time to short some.Vice versa with a bear trap.

All the best!
Saint
Once again,Saint,thanks for imparting so much knowledge!

Regds,
Anu
 

4candles

Well-Known Member
#40
Anupama Singh said:
Once again,Saint,thanks for imparting so much knowledge!

Regds,
Anu

Try this:-
in MStock go to TOOLS>OpTIONS (application Properties)> General Tab. Find Workspace properties, here check restore workspaceon start up box.

Try it & come back if u have a problem

regards
4candles
 

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