Blogs Posts on "Rounding Top"

Stock Chart Pattern - Hero Honda Ltd (An Update) by Stock Market and Mutual Fund Investments in India on Nov 4, 2009Seven months back, when the rest of the market was trying to emerge out of a long bear phase, the stock chart pattern of Hero Honda Ltd was in a full-blown bull phase, looking overbought after moving up from 630 (in Jul '08) to almost 1100 (in Mar '0...

Stock Chart Pattern - Canara Bank by Stock Market and Mutual Fund Investments in India on Oct 28, 2009The stock chart pattern of Canara Bank seems to indicate that market players were not particularly impressed by the 72% increase in net profits in Q2 '09 (Rs 910 Cr vs. Rs 529 Cr in Q2 '08). Why? This article reveals the story. The increase in Net...

Stock Chart Pattern - State Bank of India (An update) by Stock Market and Mutual Fund Investments in India on Oct 7, 2009When I analysed the stock chart pattern of State Bank of India back in Mar '09, it had dropped from its peak of 2396 made on Jan 14 '08 to a low of 894 on Mar 9 '09 - a 63% drop, matching the fall of the Sensex. It had bounced up to the 1000 level w...

Stock Chart Pattern - Sesa Goa by Stock Market and Mutual Fund Investments in India on Aug 19, 2009The stock chart pattern of Sesa Goa provides another example of a fundamentally strong, well-managed company that has cut through all the noise about Sensex index movements and forged ahead on its chosen path. Strong growth in sales, high net margin...

Dow Jones (DJIA) Index Chart Pattern - Aug 14, '09 by Stock Market and Mutual Fund Investments in India on Aug 17, 2009During last week's analysis of the Dow Jones (DJIA) index chart pattern, I had surmised that the index may take a breather before deciding on its next course of action, and concluded with the following observation:- 'The Dow Jones (DJIA) index chart...

Stock Chart Pattern - OnMobile Global by Stock Market and Mutual Fund Investments in India on Aug 5, 2009Before we take a look at the stock chart pattern of OnMobile Global, here are some fundamental facts:- Arvind Rao (ex-McKinsey) and Mouli Raman (ex-Infosys) set up the company 7 years back, supported by a private equity fund. They had an IPO in Jan...

CAC 40 (France) index chart pattern - Jul 22, '09 by Stock Market and Mutual Fund Investments in India on Jul 23, 2009The last time I looked at the chart pattern of the CAC 40 index was in early April '09. The French index was still in a bear market, way below its 200 day EMA and looking quite weak - even though it had started to rally with the world indices from Ma...

How to Profit from the Cup-and-Handle Chart Pattern by Stock Market and Mutual Fund Investments in India on Jul 7, 2009An interesting addition to the technical analysis tool set is the Cup-and-Handle chart pattern. It is very much like a bullish 'saucer' or 'rounding bottom' pattern, but provides additional points of entry. There is no better way to learn about new...

BSE Sensex Index Chart Pattern - Jun 19, '09 by Stock Market and Mutual Fund Investments in India on Jun 20, 2009Last week's BSE Sensex index chart pattern showed 14 straight weeks of gains on increasing volumes. All the technical indicators were positive and supporting the up move. The economic fundamentals were hinting at signs of improvement. Everything poin...

Stock Chart Pattern - Sanghvi Movers by Stock Market and Mutual Fund Investments in India on Jun 18, 2009The stock chart pattern of Sanghvi Movers has a couple of interesting formations - one is very positive, and the other - which is still forming - is quite negative. Before delving in to the details, a small confession. I have very little information...