Muses of Murari

CAUSE BSE filing – 28th July 2011 EFFECT Stock Performance starting same week (28th July). Please note – Q1 FY12 results announced on the same day. And also the growth were already showing off in previous quarters and investors knew about it even before Q1 results. One would think the dividend message is -ve and [...]

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click on the image to see it in enlarged format. Gold formed life time close at MCX. Looking at Weekly chart, a possible -ve divergence scenario is building up!! Watch out!

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click on the image to see it in enlarged format. Update: The above chart looks like a typical breakout scenario. Unfortunately, the Kingfisher news pushed the price of this scrip nearly 9% down next day. Is it pump and dump story? Possible.

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USD-INR pair reached 50 today!! Look at chart below (day chart). Awesome move in last three months. Note the slightly falling wedge pattern!                  click on the image to see it in enlarged format.    

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Update: Looks like Island patterns are usually formed at tops and bottoms. I am wrong in my conclusion. I am learning! Bullish Island reversal pattern on Nifty chart. Volumes are slightly supportive. Given the -ve / bearish sentiment across the participants, including myself, market can reverse and create shock and awe. So Nifty can break [...]

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CNX IT Index is forming bearish flag pattern. Given that earnings coming out in next few days starting with IT major Infosys, this chart shows an interesting play out. Though INR is depreciating, which is good news for IT exporters, if the IT companies hedged dollar stream to a lower value, this opportunity may of [...]

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Check out the weekly charts for two stocks below and observe the price movement. Page Industries sells Jockey apparels in India. Lovable Lingerie Rupa & Co, which sells inner garments & other things, listed yesterday.   Rupa blasted up in the initial hours and fizzled out at the end. If stock price movement of Page [...]

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Here is interesting article written by Aswath Damodaran on his blog about Buffett & Bank of America deal. What did Bank of America get out of this deal? Let’s look at what it did not get first: It did not get Tier 1 capital (the most stringent measure of bank capital), which includes only common equity, and [...]

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Here is my favorite scrip making 52 week lows. Interestingly it is making a bullish WW pattern. If that pattern holds good, we can see very good upside of nearly 70% in coming weeks/months. Here is Glodyne Technoserve daily chart click on the image to see it in enlarged format To substantiate the above scenario, [...]

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Update : The chart at end of July 8th.   IndusInd Bank scrip making interesting moves…. Cup & Handle pattern.   Disclaimer: This is my study sharing. This is not to be considered as any kind of trading recommendation.

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