I can help you with stock chart reading

mohanlate · #**291** 3rd May 2006, 10:15 PM

Quote:

Originally Posted by shethharsh

Hi

I am Harsh . I am just 16 and know very little about stock markets . I also want to become a pro like u in the stock markets . Im presently reading Investment Analysis and Portfolio Managemet by Prasanna Chandra . Ive seen many threads on this site and learnt a lot of names of books from differeent people . Can you please tell me the approach you adopted to become such a pro in this market as well as what would you recommend for me . Can you email me directly at shethharsh@hotmail.com .

It would be of a great help if you advice me what path should i adopt which i am sure you would considering your generous advice to fellow members . Also i would like to know which analysis is better - Technical or Fundamental . I would also like to know how can people actually make huge profits just out of seeing technical charts whereas the basis of a company's share prices are it's fundamentals .

Thanking You ,

Harsh

Hi Harsh,

There is a typo. You wrote 16 !

Thanks,
Mohan

vvonteru · #**292** 3rd May 2006, 11:53 PM

Quote:

Originally Posted by shethharsh

Hi

I am Harsh . I am just 16 and know very little about stock markets . I also want to become a pro like u in the stock markets . Im presently reading Investment Analysis and Portfolio Managemet by Prasanna Chandra . Ive seen many threads on this site and learnt a lot of names of books from differeent people . Can you please tell me the approach you adopted to become such a pro in this market as well as what would you recommend for me . Can you email me directly at shethharsh@hotmail.com .
---Read some books (Please read the thread. Or search in each page on Books). Do some paper trading. After a while, U will get hang of it. Ofcourse, U should lose some money. Thats for tuition.

It would be of a great help if you advice me what path should i adopt which i am sure you would considering your generous advice to fellow members . Also i would like to know which analysis is better - Technical or Fundamental . I would also like to know how can people actually make huge profits just out of seeing technical charts whereas the basis of a company's share prices are it's fundamentals.
--- Use both approaches. Study both. See if U can mix them. Come up with Ur own technique of selecting stocks. Test it by putting some money. While U make or lose money, U can formulate and tune Ur technique.

Thanking You ,

Harsh

Ur Welcome

vvonteru · #**293** 4th May 2006, 12:05 AM

Quote:

Originally Posted by Czar

Sir please advice entry & exit for siemens & is it broken the H&S pattern..thanks a lot

That is the reason, I suggested for it come below 5500 for a short. Now a new pattern is emerging. Wait for MACD crossover and then look for pull back to enter long.

vvonteru · #**294** 4th May 2006, 02:35 AM

Stocks to follow:

RCVL
BRFL
HDFC Bank
ICICI Bank
ABANLOYD (OIL sector)
ADORWELD (ELECTRODES sector)

I previously mentioned negative about banks. They are breaking out decisively. Since they were in trading range for some time, hopefully, this is going to be good rally. Lets watch couple of bank stocks that are going along with the Index.

vvonteru · #**295** 4th May 2006, 05:57 PM

I got a lot of stocks in the scan. I like most of them for entries. I am not suggesting any. I am waiting for the market to pull back. But, if U want to take it, here is the list. I like the metals. The index has been down 2 days and looks good for entry.

Note: If U have not taken partial profits on Reliance, here is Ur chance.

ACC ASSOCIATED CEMENT CO. LTD
AJANTPHARM AJANTA PHARMA LIMITED
ALPSINDUS ALPS INDUSTRIES LTD.
ASHOKLEY Ashok Leyland Ltd
AUROPHARMA Aurobindo Pharma Ltd
BIOCON BIOCON LIMITED
BIRLAJUTE Birla Corporation Ltd
BOMDYEING BOMBAY DYEING & MFG CO. LTD
CADILAHC CADILA HEALTHCARE LIMITED
CENTURYTEX CENTURY TEXTILES & INDUSTRIES LTD
COSMOFILMS Cosmo Films Ltd
DABUR Dabur India Ltd
DALMIACEM DALMIA CEMENT (BHARAT) LTD
ELDERPHARM ELDER PHARMACEUTICALS LIMITED
ESCORTS Escorts Ltd
ETCNET ETC NETWORKS LIMITED
FCSSOFT FCS SOFTWARE SOLUTIONS LIMITED
GESCOCORP MAHINDRA GESCO DEVELOPERS LIMITED
GRASIM GRASIM INDUSTRIES LTD.
GUJAMBCEM GUJARAT AMBUJA CEMENT LTD
GUJFLUORO Gujarat Fluorochemicals Ltd
HEG HEG Ltd
HINDALC0 HINDALCO INDUSTRIES LTD.
HOTELEELA HOTEL LEELA VENTURE LTD.
HTMT HINDUJA TMT LTD
INDHOTEL INDIAN HOTELS CO. LTD.
INDIACEM INDIA CEMENTS LTD.
JPASSOCIAT JAIPRAKASH ASSOCIATES LIMITED
KAKATCEM Kakatiya Cement Sugar & Industries Ltd
KESORAMIND KESORAM INDUSTRIES LTD.
KIRLOSOIL KIRLOSKAR OIL ENGINES LTD.
MAHINDUGIN MAHINDRA UGINE STEEL CO. LTD
MYSORECEM Mysore Cements Ltd
NATIONALUM NATIONAL ALUMINIUM COMPANY LIMITED
NOIDATOLL NOIDA TOLL BRIDGE COMPANY LTD
OCL OCL INDIA LTD.
ORIENTPPR ORIENT PAPER & INDUSTRIES LTD
OUDHSUG Oudh Sugar Mills Ltd
PRITHVI PRITHVI INFORMATION SOLUTIONS LIMITED
RANBAXY Ranbaxy Laboratories Ltd
STROPTICAL STERLITE OPTICAL TECHNOLOGIES LIMITED
SUBROS Subros Ltd
TATAELXSI TATA ELXSI (INDIA) LTD
UTVSOF UTV SOFTWARE COMMUNICATIONS LIMITED

jntrade · #**296** 4th May 2006, 07:39 PM

Hi Vv,
Here I am attaching a chart of ABB LIMITED.
I have drawn a channel.
Is it correct?
When drawing trend lines connecting multiple top/bottoms what are the points we have to look into?(Fchart has an 'Add line' button having different options -Open on date etc)
Considering this chart,price is near Ema,Mcad gave a buy signal.
Is it a buy?
Histogram also ticking up.
Waiting your educative reply
JN

kumar7 · #**297** 4th May 2006, 07:44 PM

Can you take a look at Phoenix Lamps (broke out after long consolidation)
and Media Video charts, your inputs would be appreciated.

Thanks,
Kumar

vvonteru · #**298** 4th May 2006, 08:48 PM

Quote:

Originally Posted by jntrade

Hi Vv,
Here I am attaching a chart of ABB LIMITED.
I have drawn a channel.
Is it correct?
When drawing trend lines connecting multiple top/bottoms what are the points we have to look into?(Fchart has an 'Add line' button having different options -Open on date etc)
Considering this chart,price is near Ema,Mcad gave a buy signal.
Is it a buy?
Histogram also ticking up.
Waiting your educative reply
JN

Trend line is OK. Is it a buy based on MACD crossover? It depends. If you always buy on MACD crossover, then probably OK. For buying, MACD crossover itself is not enough. The cross over happens so many times. However, in this case, the signal applies.

For me, MACD cross over and histogram gives information about the goodness of a stock trend. After that, I wait for pull back. Pull back is the ultimate pattern for me to enter. Reason, I don't want to enter when the stock is going up. If I do, my stop loss will be far. And when people start taking profits, I will feel uncertain, unconfortable the stock getting close to my stop.

Hey, what version of FCharts are U using. I am not able to get volume in the zoom window. And I am unable to get MACD window along with the stock window. They are shown separately.

vvonteru · #**299** 4th May 2006, 08:57 PM

Quote:

Originally Posted by kumar7

Can you take a look at
Phoenix Lamps (broke out after long consolidation)
Wait for at least 2 days of pull back before U enter. We already have 1 day. Enter above previous day high + x (2 or 3 or 4)

and Media Video charts, your inputs would be appreciated.
Not impressed using TA and momentum. This thing takes so much time to get Rs10. I would pick something which has momentum.

Thanks,
Kumar

--------------

joy_verma · #**300** 4th May 2006, 09:12 PM

hi vvonteru,
Great going . keep it up mate.

P.s.
volume is in special overlay of f charts. right click the main chart
and then click special overlay and volume
Regards,
vinay

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