Category Archives: Asian Stocks

Technical analysis of DLF, India : a follow up

A few days back I mentioned that Rs.324 was an important level for this stock, and a break past that will expose Rs 408. We ran into some good selling around the 324 level, and we are correcting down now. Here is an update, with two charts. Continue reading

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Posted in Indian Stocks Trading | 6 Comments

Analysis of some Kuwaiti stocks

Many readers from Kuwait have expressed concern about the stock market there. The Government has promised a rescue of some sort, and traders are eagerly waiting for some State sponsored buying of stocks. Meanwhile, many blue chip stocks are continuing to decline, and we take a look at NBK, GFHK and Zain today Continue reading

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A quick technical update on DLF, India

A reader has requested for technical analysis on the Indian Real Estate sector, and I chose DLF because it was first on his list. The current move looks quite strong, and all we need is a break past early resistance … Continue reading

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Bombay’s Sensex and Kuwait’s Global: An Elliot Wave Approach

Even if you are from the West, and have no interest in a company that is called Global Investment House, Kuwait, you would learn something by looking at the way the waves have been labelled. Likewise with the Sensex, which is the Bombay Stock Exchange Sensitive Index. Enjoy! Continue reading

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Tata Tea finds short term resistance

On 11 Dec 2008, we suggested that it might be worthwhile to get out of Tata Tea near the 574 level. (That trading idea was inspired by using elliot wave analysis).The actual high was 577, and the stock has since declined to 530, and probably has more to go. Take a look. Continue reading

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Dr.Reddy’s Laboratory trade idea revisited

On 1 Dec, I suggested that Dr. Reddy’s was showing a bottoming formation. A low-risk trade is coming up on the radar, and it might be of interest to traders who follow Indian stock markets. Continue reading

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Tata Tea is approaching short-term top

When Tata Tea reached the 430 level a few days back, it was clearly time to buy. Not only was the overall market in an oversold condition, this particular stock had reached a 123.6% Fibonacci projection of its previous large decline. From the 430 area, we have already seen over 30% gain, and it is natural to start wondering where we will run into some profit taking. Continue reading

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National Industries, Kuwait

On 14th October, I had warned that National Industries (a leading Kuwaiti stock) would come off by more than 30% from its current level. It was trading at 0.850. The reason for that call was the stock had finished an extended fifth wave, (an Elliott wave setup that has been extensively discussed in this blog recently). Continue reading

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