Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Celebrity Fashions : Possibly a Value Buy

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CMP : Rs 19.7
Long Term Supports : Rs 18
 
Stock Lost more than 90% of its value right from the start of  2006. Currently Celebrity Fashion is trading above 200 day moving average(Rs 18) for the past 1 month which doesnt happens in past 2 years. Stock also shows a multimonth positive MACD divergence in both weekly and daily charts. These factors shows that traders sentiment in this stock has changed much positive than before and more possibly Rs 18 will act as strong supports in medium term. Even if we apply 13,34,55 EMA principle(Not Shown in the charts) it is pointing to a bullish sentiment in this stocks.
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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3 Replies to “Celebrity Fashions : Possibly a Value Buy”

  1. Sir,Will you please have any view on CRANES SOFTWARE ?As daily from one month block deal happens at the begingng of the market. And other thing that I want to point its 52 week high/low, i.e. 110/33. Fundamentally, also its currently trading at the P/E of 4. The result of the comapny also shows growth in profit.Will you please through any light on this ?

  2. Iam sorry Nishant Nothing intresting with the charts. Stock May remain in sideways in medium term. More consolidation needed for the uptrend to continue

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