I can help you with stock chart reading

Czar · #**481** 1st June 2006, 11:53 PM

day trading is casual...I hold till targets achieved...somehow I see mouthwatering downside of prices like acc 200 / siemens sub 2000 / maruti / t.motor - 250...I think in a months time frame...

gandharvashu · #**482** 2nd June 2006, 07:17 AM

Hi Czar!

If you want to say ACC at Rs. 200 then these levels definitely will not come as funds were buyer of ACC when market touched 9600.

Czar · #**483** 2nd June 2006, 08:56 AM

actually if the bear market begins my actual buying price would be 90 rs.

that was the price in 2001.. I really dont follow funds & their motives..

pnbalaji · #**484** 2nd June 2006, 09:20 AM

Quote:

Originally Posted by rangarajan

I am unable to understand that inspite of your point blank advise as NOT to BUY,in this market,still, why people are anxious to buy.Do they want a favourable reply from Vashishtar?
ranga

Hi,

Just to share my views in the middle.

In this bearish market situation,

1. Stay away from the market if you are a trader ( Go by technicals than
fundamentals).
2. Buy good stocks if you are an investor (Go by strong fundamentals rather
than technicals)

Thanks,
Balaji.

Czar · #**485** 2nd June 2006, 10:30 AM

Sir need your advice on SCI (shipping corp) someone desperate & weak is stuck & 160 levels please give your views on exit level as she needs desperate help...

SGM · #**486** 2nd June 2006, 11:41 AM

Quote:

Originally Posted by pnbalaji

Buy good stocks if you are an investor (Go by strong fundamentals rather than technicals)

Hello Balaji,

Value/valuation is relative, today we are back to the index levels that we scaled in Feb 2006. Its just 4 months is't it?

If a scrip is 30% below its all time high but 60% above its 52 weeks low, how do decide the fair value?

The Gr8 WB said "The investor should be happy to get lower prices on browses, are we happy to find lower prices.., to quote him again

"Markets are the place to transfer wealth from the impatient to the patient".

Regards
Sanjay

pkjha30 · #**487** 2nd June 2006, 11:47 AM

Quote:

Originally Posted by SGM

Hello Balaji,

Value/valuation is relative, today we are back to the index levels that we scaled in Feb 2006. Its just 4 months is't it?

If a scrip is 30% below its all time high but 60% above its 52 weeks low, how do decide the fair value?

The Gr8 WB said "The investor should be happy to get lower prices on browses, are we happy to find lower prices.., to quote him again "Markets are the place to transfer wealth from the impaitent to the paitent".

Regards
Sanjay

Hi SGM

Great wisdom you have pointed out. Hope all will be benefitted
pankaj

vvonteru · #**488** 2nd June 2006, 05:19 PM

Quote:

Originally Posted by Czar

Sir need your advice on SCI (shipping corp) someone desperate & weak is stuck & 160 levels please give your views on exit level as she needs desperate help...

As I said yesterday, market bounced. U can attribute this to oversold condition or double bottom or support at 200 day EMA. U will see lot of stocks in this pattern. For ideally conditions, the market will continue to go up from here. For me, I will wait for a pull back after it goes up. Obviously, I will be looking for change in trend.

About SCI, it has also put up a double bottom. Its plight will depend on the market, given its similar pattern. Lets have a stop = 120. But, our objective is not to save all the shares. If U see any favourable action next week, I advise taking partial shares out. Then, on the remaining shares, move the stop up, based on some support. Don't put it too close, to be taken out by noise, while moving the stop up.

chayan · #**489** 2nd June 2006, 05:49 PM

hi can you share your views on the following stocks from the angle of intraday or short term trading.

1)gujrat ambuja at current level

2)cesc

3)orient paper.

chayan · #**490** 2nd June 2006, 06:19 PM

hi,

taking www.icharts.com as standard.can you please specify how a novish like me can analyse a chart.

what i mean is what are the parameter i should chose and what are singnals
and values i should look for before coming into any decision.

thanks
chayan

Similar Threads for: I can help you with stock chart reading
Thread	Thread Starter	Forum	Replies	Last Post
Tape reading	susheel04	Technical Analysis	15	24th October 2007 12:27 AM
Down Load of Data for Meta Stock or FC Chart	Jayesh	Software	6	24th June 2006 09:55 AM
Tape reading for forex.	gamebit4x	Introductions	0	4th March 2006 11:22 PM
The Art of Tape Reading- part 1	sh50	Technical Analysis	0	11th December 2004 01:18 PM
General reading for traders	CreditViolet	General Chit Chat	4	27th October 2004 12:22 AM