1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Uniply Industries Ltd

Discussion in 'Technical Analysis' started by myidgmc, Oct 28, 2015.

  1. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    Hi Shabbir,

    I see a triangle Breakout in this stock can we buy @cmp 140 sl 125. for target of 170?

    Thanks in advance.
     

    Attached Files:

    myidgmc, Oct 28, 2015
    Share #1
  2. sethuramcbe

    sethuramcbe Responder

    Joined:
    Dec 31, 2014
    Messages:
    88
    Likes Received:
    50
    brother it is already shooted up to 155 :)
     
    sethuramcbe, Oct 28, 2015
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Agree but we are already late by a day and so SL is quite higher than ROI
     
    shabbir, Oct 28, 2015
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    And also this is low floater as well with too many circuits from 20 to 70 and so not sure I would look into this stock technically.
     
    shabbir, Oct 28, 2015
    Share #4
  5. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    Ya..went like a rocket we missed it...

    Thanks for the update..
     
    myidgmc, Oct 28, 2015
    Share #5
  6. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    Hi shabbir

    Cmp 179

    How to identify these kind of stocks and make most use out of it??

    52 weeks low 6 and high 179

    Thanks...
     
    myidgmc, Oct 30, 2015
    Share #6
  7. sethuramcbe

    sethuramcbe Responder

    Joined:
    Dec 31, 2014
    Messages:
    88
    Likes Received:
    50
    ha ha there is no magic ,agar if anyone knows this then everyone can be rich.

    uniply ka debt dekho yaar would you risk still ?
     
    sethuramcbe, Oct 30, 2015
    Share #7
  8. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    i have posted query in terms purely technicals not on fundamentals of the company.

    i have understood what shabbir explained.

    Thanks...
     
    myidgmc, Oct 30, 2015
    Share #8
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Let me answer this question in detail about how to identify such movements, what can be the strategy and when you should be avoiding it all in the first place.

    1. Can you identify such movements when the stock is at around 150

    Yes you can. BTST pattern, See a clear pattern is being formed at around 150ish with support being taken at around 110, 120ish and 130ish and so clearly a breakout or an anticipated breakout can be played for.

    2. Should you play such stocks technically.

    The answer is NO. The daily traded volume and price is so low, it can be manipulated very easily technically.

    3. When you should avoid such stocks?

    Always technically and you should invest in low floaters only fundamentally and with a view of 10 years when business can turn things around.

    So now if you invest fundamentally, you should not be doing once it has done the runup and ideally you should be buying such stock at very low PE, very low book to price and other fundamentals like unique business and good management.

    Debt may be high in companies but if management is working towards reducing it by seeing interest going down qoq, yoy should be good judgement.
     
    shabbir, Oct 31, 2015
    Share #9
  10. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    Thank you so much for detail explanation shabbir...
     
    myidgmc, Oct 31, 2015
    Share #10
  11. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Nov 1, 2015
    Share #11
  12. ravirajpr

    ravirajpr Responder

    Joined:
    Apr 6, 2014
    Messages:
    114
    Likes Received:
    64
    Hi Ram,
    To add to Shabbir's points, the chart doesn't seem to be good especially from May to Aug15 as the price increase is not justified in the candle pattern which means technically this is not a good chart to trade in and with too much of volatility.
    You can refer to Century Ply's chart to see how the candlestick is supporting the volume though I'm not recommending Century Ply for a buy though would like to highlight the difference.
     

    Attached Files:

    ravirajpr, Nov 3, 2015
    Share #12