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CALT StatusAccording to the daily chart, the trendline from July has been clearly broken to the downside. Currently, it is holding the 75.00 LKR level, which is crucial for the stock. It can say that the stock is consolidating within 75.00 - 92.50 LKR range. Immediate resistance box is 81.60 - 84.70 LKR, which has been created by the gap. However, 75.00 LKR should be the stop loss (SL) for the stock. A close below 75.00 LKR, next support would be 60.40 LKR. Note: To break a trendline or a support/resistance level, for me, either; - the stock has to have 3 consecutive closes below/above that level OR - a full candle should trade below/above that level
CSELK:CALT.N0000
by rasika777
SLT.N - SRI LANKA TELECOM PLCThis chart and analysis are not financial advice. Do your own research before trading or investing. 01. SLTL has recently achieved a significant breakthrough from a long-standing triangle pattern, marked by a substantial bullish candle and a notable surge in trading volume compared to the average. Moreover, it successfully surpassed both TL #1 and TL #2, overcoming the 50-day moving average resistance. 02. The convergence of TL #1 and TL #2 is expected in the range of Support 89.00-92.00, providing immediate support for SLTL. This area will serve as a confluence point for the two trendlines. 03. In terms of the RSI indicator, TL #1 may function as the initial line of support. 04. Currently, the primary resistance level stands in the range of 98.00-100.50.
CSELK:SLTL.N0000
by Captain_Pathum
LDEV.N0000Having a resistance on 200 Daily MA and support around 50 Daily MA. Closely monitor two buy zones. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:LDEV.N0000Long
by rukshan2102
GRAN.N0000There is a gap in above chart. There is a possibility that gap will be filled in near future. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:GRAN.N0000Short
by rukshan2102
CALT creating a double bottom!!!CALT has broken its ATH twice and has retraced, but is holding support well as a few big guns seem to be collecting and waiting for its next Q results. By the looks of it, CALT is creating a double-bottom pattern as it awaits further reduction of Interest rates and its next Q results. Only a matter of time before the security breaks out and goes towards new heights. An attractive dividend of 3.04 is also up for grabs as its XD date approaches us on the 21st of September. Let's watch and see how it would perform!!! Clearly not investment advise, DYOR!!!
CSELK:CALT.N0000Long
by ShezayBoy
DIST - Navigating Challenges and Thriving 27 -> 36**Financial Disclaimer:** The information presented is for informational purposes only and should not be considered as financial or investment advice. It does not constitute a recommendation to buy, sell, or hold any financial instruments. All investments carry inherent risks, and past performance is not indicative of future results. Before making any financial decisions, conduct thorough research, assess your individual financial situation and objectives, and consult a qualified financial advisor. The financial markets are subject to volatility, and prices can change rapidly and unpredictably. Any actions taken based on the information provided are at your own risk, and we bear no responsibility for resulting losses or damages. Additionally, please note that financial regulations and market conditions may vary by region, so compliance with local rules and regulations is crucial. Symbol: DIST Timeframe: Annual Report 2022/23 Overview: The Chairman's Statement from DCSL's annual report for 2022/23 showcases the company's remarkable resilience in the face of economic adversity in Sri Lanka. This presents a compelling opportunity for investors. Key Points: 1. Economic Challenges: Sri Lanka grappled with severe economic challenges, including inflation, political turmoil, and commodity price surges. Despite these hurdles, DCSL demonstrated strength and adaptability. 2. Robust Financials: DCSL reported an impressive 15% increase in turnover to Rs. 123 billion, with a noteworthy profit after tax of Rs. 18.8 billion. This underscores the company's strong financial position and effective cost management. 3. Credit Rating: DCSL maintains an enviable National Long-Term Rating of "AAA" with a Stable Outlook from Fitch Ratings, highlighting its resilience during tough business conditions. 4. Taxation Issues in Alcohol Industry: The statement sheds light on taxation challenges within the alcohol industry, a sector where DCSL operates. Investors should closely monitor how regulatory changes could impact the company's future earnings. 5. Corporate Governance: DCSL's commitment to stringent corporate governance practices signals responsible and transparent business operations, making it an attractive prospect for long-term investors. Trading Plan: With DCSL's impressive financial performance and demonstrated resilience, consider the following trading plan: - Entry: Look for an opportune entry point as the stock exhibits stability and upward momentum. - Stop-Loss: Implement a stop-loss order just below a significant support level to manage risk effectively. - Target: Set a profit target based on thorough technical analysis and your risk tolerance. Risks: - Economic Uncertainty: The persistence of economic instability in Sri Lanka may affect DCSL's performance. - Regulatory Changes: Any unfavorable alterations in taxation or industry regulations could impact the company's profitability. - Market Sentiment: Keep abreast of broader market sentiment and relevant news that might influence DCSL's stock. Always conduct meticulous research and assess your risk tolerance before making trading or investment decisions.
CSELK:DIST.N0000Long
by AnalytiXbs