IPO India Information (BSE / NSE)

Tuesday, September 16, 2014

Draw candle stick on Excel

Here in this Video I have shown that it is possible to draw candle stick charts on Excel


How to Calculate Beta of a stock?

Here in this video I have shown how to calculate a beta of the stock using excel and log return.





Click here to view the calculation

Wednesday, September 10, 2014

Renuka Sugars: A view

Renuka Sugars
India is a handsome consumer of sugar nearly 23 million tons annually. Recently WTO’s stand on export subsidy of raw sugar and Indian’s stand on import of sugar had bought Indian sugar companies in demand.  

"There was an import parity but mills were not signing deals, expecting revision in the import duty. At 25 percent duty, imports are not viable," said a Mumbai-based dealer with a global trading firm.  As per times of India.

From last few days we are able to see upside movement and the stock is near to the downtrend line. If there is a breakout the stock might show the reversal and currently MACD have shown a positive crossover. And RSI is showing bullish signs.


If the stock fail to give a positive breakout it have a support at 14.58. currently the stock is near to its low. 

Reliance Capital: A View


After, Modi coming up with new banks license in India all the trader in the stock market are having a keen interest on the stock which is getting the banking license. Among which we have Reliance who is a big player and the chance of getting the permit is very high.

Technical Perspective
The stock is showing the divergence and we can see a falling wedge pattern . On 9th September 2014 the stock had given the positive breakout and the on 10th September 2014 i.e today the stock had shown a Doji. And we can see the can open with a positive note tomorrow. If not; the stock can end up falling to 500 which is the immediate support. And 577 and 670 are the good resistance. The stock has a potential to make a new high.


Additional Observation
The stock is showing negative correlation from last 6 months and we have to see that the patter will continue or the old pattern will repeat