Technical Analysis Discussion

  • This topic has 22 replies, 13 voices, and was last updated 4 weeks ago by Logan.
Viewing 20 posts - 1 through 20 (of 23 total)
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  • #7601
    admin
    Keymaster
    Topic Author

    Please use this thread to discuss anything related to technical analysis – price trend, support, resistance, etc.

    Disclaimer: These are individual views and the forum should not be held responsible. You should discuss your specific requirements and situation with a qualified financial adviser.

    0
    #7598
    Vroom
    Registered Boarder

    Being a long term investor, there is hardly any meaning that can be derived from charts, and I know many would have noticed this, but BCG took support of 50ma on daily

    #7751
    BrightVenus
    Registered Boarder

    Price took U turn at 61.8% retracement level

    #7758
    VALUEBUYER001
    Registered Boarder

    Bright Venus ji @51.80% bcg retraced hope it crosses 13.02 this time

    2+
    #8578
    diamond_2017
    Registered Boarder

    Now the stock is near to its 200 DMA which is around 6.31 , we need a reversal next week for sustaining the Uptrend which started in May

    #8581
    Rathi_b
    Registered Boarder

    We will

    #8812
    conservative_indian
    Registered Boarder

    This counter has been abused and ignored by reasons best known to us. The time has come and tide is turning. The current fall from the break out high of 12.5 to 5.10 in 3 months is a very heartening sign if you see the technicals, commentary from the management and above all the crisp interest from investors of all sizes. This counter may see the worst case lows of 5 which is already seen once and then we may see stock rising to levels of 22 in next 1 year time. Why? The monthly chart pattern is a very powerful forecasting tool if used properly. This pattern records all price actions generated from news, events and expectations (euphoria and panic). The stock has retraced 50% Fibonacci to 12.5 from lows of 2.27. So, this pattern has to complete once the correction is over.. I expect 100% Fibonacci level for coming leg of rally at 22.5!! We may see another pattern developing by then based on market dynamics, company performance and investors sentiment. I would update on next move once we see this level is achieved in 2021. Good Luck!!

    #8893
    drjaysee
    Registered Boarder

    Dear Friends, please share your views on the attached. Thanks

    #8895
    odysee
    Registered Boarder

    @drjaysee, it is very difficult to comment as their understanding of the business of the group is negligible. It is purely a numbers based analysis with no knowledge of the industry that BCG is in and there are no meaningful company comparisons.

    #8897
    Logan
    Registered Boarder

    I agree with @odysee. They’ve compared BCG with random IT and Software companies and in the details about the company, they haven’t mentioned “online advertising or digital marketing” at all. I can’t understand how they can skip that part.

    Looks like the person who prepared the report hasn’t done proper research on the company and the industry and he/she has concentrated only on numbers. Anyone can do this but giving proper details is more important.

    This is why I always say people don’t understand the business properly, with BCG, always they compare/d with IT and Software companies. They do the same with Affle also. We need analysts who understand the business properly to cover the stock.

    Thankfully, this year, the management has been updating us regularly on BCG’s business model and that’s making people get more interested in BCG but outstanding issues are holding the stock back (my opinion).

    #8906
    drjaysee
    Registered Boarder

    Dear @odysee and @Logan, agree with you both. Thank you

    4+
    #8946
    drjaysee
    Registered Boarder

    Dear Friends, appreciate if anybody could find the fair value and intrinsic value of BCG. Really I don’t know how to calculate even by using the below formula.

    Intrinsic Value Calculator India

    Thanks

    #9459
    JRS
    Registered Boarder

    @conservative_Indian

    Could you share Fibonacci analysis for the recent months.

    According to me it may take bull run shortly.

    3+
    #10077
    J.Bedi
    Registered Boarder

    Lower circuit on Friday is not good from short term TA prospective. I am afraid It could again be in range of 5-6. And it has to stop moving in circuit to circuit (either upward or downward) for better performance in long run..

    1+
    #10099
    J.Bedi
    Registered Boarder

    It should turn above 5.85 this time and complete inverted head n shoulder pattern before resuming any upward movement. Close below 5.85, can lead upto 4.8 or retest levels of 3.

    1+
    #10106
    Sumeshnair2005
    Registered Boarder

    Bedi i hv been in this since 6 yes it never follows any tecnicals only news and pperater driven.. but one thing i noticed last 6 months is that both uc and lc is trading with big volumes more than 30 lakh all these yrs this used to go to uc and lc with thin volumes.. lc with huge volumes is gud but uc with huge volumes not gud as its always operaters and big fish u sell on uc retailers never sell at uc becauseof greed thy want to sell next day at 5 % more.. anywaybefore many analyst used to dismis this stock as illiquid stock now that label can be removed:) lets see wht happens .. as something is brewing

    #10107
    VALUEBUYER001
    Registered Boarder

    Sumeshnair2005 ji this time after exchanges approval of warrant big upmove and lot of news lined up

    7+
    #10117
    J.Bedi
    Registered Boarder

    Nair, efforts n hope should be on positive side. Nothing is holy grail, yes it has failed technical analysis many times. But we are still with BCG on hope it will fulfill our expectations. I could be 100% wrong but it has worked for me in this very same script. Let’s all Prosperous together..

    #10328
    drjaysee
    Registered Boarder
    #10335
    J.Bedi
    Registered Boarder

    Taking support at 6.65 twice this month. And high volumes seen in last hour.

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