I can help you with stock chart reading

[ramakrishnaiah]

Why is ITC trading weak?, Even last couple of days when there was positive move in the market, it was -ve. Even today, it is one of the very few stocks in -ve.

The quarterly results have been fairly good. Any idea from technical front?

 

[vvonteru]

Why is ITC trading weak?, Even last couple of days when there was positive move in the market, it was -ve. Even today, it is one of the very few stocks in -ve.

The quarterly results have been fairly good. Any idea from technical front?

Technically, the stock is exhibitting bearishness.

 

[Roshanna]

thanks VV
i do use position sizing(almost same as u have suggested earlier with a slight variation)
my problem is ATR
what is period of ATR u use(period)
i know this is individual thing but when i use 3 ATR (14)for stop i have to give a large leeway, but at % basis stop it gets hit fast
can u suggest a better method.

 

[vvonteru]

thanks VV
i do use position sizing(almost same as u have suggested earlier with a slight variation)
my problem is ATR
what is period of ATR u use(period)
i know this is individual thing but when i use 3 ATR (14)for stop i have to give a large leeway, but at % basis stop it gets hit fast
can u suggest a better method.

Minimum Stop = 2 * ATR
Maximum Stop = 3 * ATR
Actual Stop = Use previous support/resistance

So, your stop will be between 2 * ATR and 3 * ATR.

ATR(14) is ok.

 

[ping_manoj]

Why is ITC trading weak?, Even last couple of days when there was positive move in the market, it was -ve. Even today, it is one of the very few stocks in -ve.

The quarterly results have been fairly good. Any idea from technical front?

Its correcting, will find support at 158. If you have a position then hold only ABOVE this level. Its starting to stabalize near 162 levels, but the buying sentiment looks weak. The MACD is also widening on the lower side. 158 should be a decent support. (Just for additional info, it will become OverSold at 150-151 levels, if it comes further down.)

 

[tabularasa]

Dear Sirs,

How is Mastek at 340?

I have 250 shares?

thanks

T.R

 

[vvonteru]

Dear Sirs,

How is Mastek at 340?

I have 250 shares?

thanks

T.R

It will do good if it breaks 370. 300 is the major support. Be watchful of that. Other than those details, let consider it as going sideways for now.

 

[tabularasa]

I believe u stay up late.

that was a quick reply.

thank u Vv

sincerely,

T.R

 

[ger06]

Dear VVONTERU

This is regarding ur excel sheet " Position Size calculator"
(Sorry, I know this is not the proper place, but I couldn't get that thread)

Please will u provide a HELP file as I am not able to set it & calculate.
It will be more helpful if an example file is attached.

Thanks.

 

[vvonteru]

Dear VVONTERU

This is regarding ur excel sheet " Position Size calculator"
(Sorry, I know this is not the proper place, but I couldn't get that thread)

Please will u provide a HELP file as I am not able to set it & calculate.
It will be more helpful if an example file is attached.

Thanks.

Check out the help sheet attached. Let me know if you have any questions.