Monday, November 26, 2018

Monday Nov 26th

NSE shows a continuing sell. I don't see it turning around at least for a day. On weekly level the buy strength is almost at peak so shows weak buy. With November being a sell and it began at 10386, I think sell will prevail on Next week beginning on 26th. Lets see.

1. DeepInd is another temporary high at end of this week. Shows fall by next week. But is a hold on Monday.
2. DHampurSug is soft peaking at weekly although Monday shows a reluctant push with not much strength. Month began at 158 with weak buy, it may end below 158 and by end of quarter deep lows. But we need to take it slowly and see how it develops.
3. Balrampurchin shows a sharp down on next week. Monday itself is a sell. November began at 107 with weak buy and its already below that. This too might see sharp down to december.
4. HMVL is a sell on Monday and week shows weak too. HMVL was a temporary low on November start and October Start at 129 and 148 respectively and today it is 127 below those two. It will be interesting to see the lower levels penetrate to a deep selling or higher levels hold and rise by december early. I don't see a change in weak trend yet. Although I foolishly bought some based on monthly trends.
5. Cosmofilm seems stabilizing so far. Has a weakness, not major to next week. Month began at 255 but buy trend was broken as we are at 226. But Oct end of 218 should hold. If it does, we will see how december looks.
6. JPassociat shows weakness monday and on week. We could see lows to 6.6 and 6.4. Don't see trend change yet.
7. TCS shows hold on monday but weekly level shows some weakness. No major trend break yet. Monthly and Oct sell has come true, down from 1938 and 2183 respectively and now at 1812. Does this show rupee will keep gaining strength? Interesting.
8. COalIndia is a hold on Monday and may see some positive next week and like predicted before to sell, it is breaking down below and may fall further.
9. Hindustanlevel is a sell. Weekly sell has become true, we might see sharp sell below 1621.
10. GodrejInd is soft peaking at daily.
11. HDFCBank temp low of Nov from 1911 came true at 2005 now. But there is trend change coming. It is just below Oct price 2006 where there is a strong sell coming and december about to start. Its a sell.
12. Navkarcorp has a showing a turn around at week with Monday sell. Not strong buy yet.

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