Harmonic Price Pattern

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Re: Harmonic Price Pattern

Postby sashimaal » Fri Sep 02, 2016 12:19 am

Thanks Shark

Will there be any other pattern on this? My MT targets are well above these levels
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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 02, 2016 2:38 am

expo.png


Detected GARTLEY with current leg to extend towards 0.786% = Rs8.20 :-B
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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 02, 2016 8:56 am

sashimaal wrote:Shark, i see TAFL moving to Rs 170 within next few months

What does the charts say after that?
we should watch for the price action, as temporary profit take could see it corrects 38 or 50% based on last leg, or maybe extend further up without any correction.
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Re: Harmonic Price Pattern

Postby sashimaal » Fri Sep 02, 2016 9:09 am

Since huge quantities got traded from Rs 130-147 (and maybe Rs 150 in future), as you said there will be lot of profit taking at those levels. After that it should move a lot more later is my opinion.

Disc: holding

SHARK wrote:
sashimaal wrote:Shark, i see TAFL moving to Rs 170 within next few months

What does the charts say after that?
we should watch for the price action, as temporary profit take could see it corrects 38 or 50% based on last leg, or maybe extend further up without any correction.
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Harmonic Price Pattern

Postby stocks hunter » Fri Sep 02, 2016 9:25 am

sashimaal wrote:Since huge quantities got traded from Rs 130-147 (and maybe Rs 150 in future), as you said there will be lot of profit taking at those levels. After that it should move a lot more later is my opinion.

Disc: holding

SHARK wrote:
sashimaal wrote:Shark, i see TAFL moving to Rs 170 within next few months

What does the charts say after that?
we should watch for the price action, as temporary profit take could see it corrects 38 or 50% based on last leg, or maybe extend further up without any correction.


I don't agree with your views here sashi. Persons who bought very large quantities in TAFL will not sell this share at this much cheap prices(Rs150 levels) as u said since this share is now threatening to beat BFL share price in future if they managed to report good Darrin future. Mean time BFL is waiting to get their bottom line improvement through the newly commenced integrated feed mill factory.

Large buying at specific upper prices( Initially Rs100, then around Rs125, Rs130,Rs137 and Rs142 - Rs145 levels)justify the future prospects of this company.

This is only my view only.......

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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 02, 2016 9:32 am

But we cannot discount some may still take profit, at the levels specified. Its a natural crowd behaviour to book, when share has appreciate over 61.8% from 100rs.
Its debatable, only time will tell :D
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Re: Harmonic Price Pattern

Postby sashimaal » Fri Sep 02, 2016 9:42 am

SH,

My view of TAFL is similar - that it will move up a lot as huge collection going on

Since HPP shows 170, there can also be some selling at that level

Disc: holding

stocks hunter wrote:
sashimaal wrote:Since huge quantities got traded from Rs 130-147 (and maybe Rs 150 in future), as you said there will be lot of profit taking at those levels. After that it should move a lot more later is my opinion.

Disc: holding

SHARK wrote:we should watch for the price action, as temporary profit take could see it corrects 38 or 50% based on last leg, or maybe extend further up without any correction.


I don't agree with your views here sashi. Persons who bought very large quantities in TAFL will not sell this share at this much cheap prices(Rs150 levels) as u said since this share is now threatening to beat BFL share price in future if they managed to report good Darrin future. Mean time BFL is waiting to get their bottom line improvement through the newly commenced integrated feed mill factory.

Large buying at specific upper prices( Initially Rs100, then around Rs125, Rs130,Rs137 and Rs142 - Rs145 levels)justify the future prospects of this company.

This is only my view only.......
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Harmonic Price Pattern

Postby PAT » Fri Sep 02, 2016 11:15 am

SHARK wrote:But we cannot discount some may still take profit, at the levels specified. Its a natural crowd behaviour to book, when share has appreciate over 61.8% from 100rs.
Its debatable, only time will tell :D


Who can remember 09 March 2016 , TAFL was trading around 72/74.......

More than 100% gained so far...... :x
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Without compromising your ability to Live Tomorrow……… :)

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Re: Harmonic Price Pattern

Postby sashimaal » Fri Sep 02, 2016 11:36 am

Yes Pat, that is why lot of selling came.

Along with selling, huge collection happened/ing for the next wave



PAT wrote:
SHARK wrote:But we cannot discount some may still take profit, at the levels specified. Its a natural crowd behaviour to book, when share has appreciate over 61.8% from 100rs.
Its debatable, only time will tell :D


Who can remember 09 March 2016 , TAFL was trading around 72/74.......

More than 100% gained so far...... :x
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Harmonic Price Pattern

Postby PAT » Fri Sep 02, 2016 12:03 pm

sashimaal wrote:Yes Pat, that is why lot of selling came.

Along with selling, huge collection happened/ing for the next wave



PAT wrote:
SHARK wrote:But we cannot discount some may still take profit, at the levels specified. Its a natural crowd behaviour to book, when share has appreciate over 61.8% from 100rs.
Its debatable, only time will tell :D


Who can remember 09 March 2016 , TAFL was trading around 72/74.......

More than 100% gained so far...... :x


Let's wait for the next waive...... :D
Live Today........
Without compromising your ability to Live Tomorrow……… :)

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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 02, 2016 3:26 pm

tyre.png


65-66.50 Levels looks attractive :-?
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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 02, 2016 3:42 pm

Tyre in my calculation values around min 100rs.
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Re: Harmonic Price Pattern

Postby topcat » Fri Sep 02, 2016 7:30 pm

Excellent thread shark. What a humble effort. . ^:)^ ^:)^
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Re: Harmonic Price Pattern

Postby SHARK » Fri Sep 30, 2016 2:34 am

tvc_dad63f431fbaaf60592aa6d0b7bcc6fc.png


Can this time TKYO break and trade outside upper channel and tests closer to 75/74 levels :-?
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Re: Harmonic Price Pattern

Postby SHARK » Tue Oct 04, 2016 9:58 am

sfin.png
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Re: Harmonic Price Pattern

Postby SHARK » Tue Oct 04, 2016 9:59 am

We can Min Target 25Rs from CMP 21/-
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Re: Harmonic Price Pattern

Postby SHARK » Tue Oct 04, 2016 10:04 am

So far we had Blue,CIFL,Citrus rallies and now COCR ...... and whats next...
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Re: Harmonic Price Pattern

Postby SHARK » Tue Oct 04, 2016 10:06 am

SHARK wrote:So far we had Blue,CIFL,Citrus rallies and now COCR ...... and whats next...


All this build up to ultimate rally towards 10,000 GLORY :-bd *-:)
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Re: Harmonic Price Pattern

Postby sashimaal » Tue Oct 04, 2016 1:03 pm

\m/

And thank you Shark for your brilliant analysis !


SHARK wrote:
SHARK wrote:So far we had Blue,CIFL,Citrus rallies and now COCR ...... and whats next...


All this build up to ultimate rally towards 10,000 GLORY :-bd *-:)
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Re: Harmonic Price Pattern

Postby topcat » Tue Oct 04, 2016 1:08 pm

SHARK wrote:So far we had Blue,CIFL,Citrus rallies and now COCR ...... and whats next...

could be LHCL..

http://www.economynext.com/Sri_Lanka_to ... 267-1.html
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Re: Harmonic Price Pattern

Postby stocks hunter » Tue Oct 04, 2016 1:26 pm

SHARK wrote:Tyre in my calculation values around min 100rs.



I like this part very much. I mean the TYRE target price...

;)

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Re: Harmonic Price Pattern

Postby topcat » Tue Oct 04, 2016 1:36 pm

Is there any possibility to buy shares of sri lanka insurance (or any other) before they go for a ipo?
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Re: Harmonic Price Pattern

Postby Contra » Tue Oct 04, 2016 2:14 pm

SHARK wrote:So far we had Blue,CIFL,Citrus rallies and now COCR ...... and whats next...


Cannot predict 100% correctly. There can be some dark horses as well. It can come from any group.
Company, stock market, politics and the economy are four different things.

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Re: Harmonic Price Pattern

Postby Contra » Tue Oct 04, 2016 2:16 pm

topcat wrote:Is there any possibility to buy shares of sri lanka insurance (or any other) before they go for a ipo?


Unlike private sector, I don’t think it will have private placement. Just like plantation companies and NDB etc employees will get some shares before others. If we like we can buy from IPO or from the secondary market. Do you think it will list in 2017?
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Re: Harmonic Price Pattern

Postby topcat » Tue Oct 04, 2016 2:20 pm

Contra wrote:
topcat wrote:Is there any possibility to buy shares of sri lanka insurance (or any other) before they go for a ipo?


Unlike private sector, I don’t think it will have private placement. Just like plantation companies and NDB etc employees will get some shares before others. If we like we can buy from IPO or from the secondary market. Do you think it will list in 2017?

not sure contra...just speculating
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