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I can help you with stock chart reading

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  #511  
Old 8th June 2006, 05:22 AM
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Default Re: I can help you with stock chart reading

Here are some more. In fact most of them are at this stage. I could go on.
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  #512  
Old 8th June 2006, 11:50 AM
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pkjha30 will become famous soon enough
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Default Re: I can help you with stock chart reading

All indices singing in tune. A world philharmonic orchestra.

Enjoy the music till it lasts.

Pankaj
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  #513  
Old 8th June 2006, 04:46 PM
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Default Re: I can help you with stock chart reading

hai seniors, i see a chart of converging values of rsi,volumesin bse sensex at close today.please do view and let me know the interpretations.
thanks
ravi
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  #514  
Old 9th June 2006, 09:26 AM
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Default Mr Vvonteru

Can I start accumulating Adlabs, Hindustan Zinc, Bajaj Hidustan, Mahendra Gesco!

I know all the charts are smashed, but I want to buy for medium term!

Can you please take a look at the above stocks.
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  #515  
Old 9th June 2006, 05:01 PM
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Default Re: Mr Vvonteru

Quote:
Originally Posted by kumar7
Can I start accumulating Adlabs, Hindustan Zinc, Bajaj Hidustan, Mahendra Gesco!

I know all the charts are smashed, but I want to buy for medium term!

Can you please take a look at the above stocks.
I would not do that. Did you see my BSE500 chart? Until the arrow points up, I am not buying. Even if I want to buy, my methodology requires either MACD divergence (I don't trust this in all cases) and/or stock being above 50 day EMA. If there are not, I don't know what to do with the stocks. Leave alone telling U what to do.

U should be posing this question to Long Term Investors. My take on this rally is, it is just a correction. Use this correction to take out partial/full loses. Do not buy stocks. Give it couple of days. It will start coming down soon. But, I wish I am wrong.
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  #516  
Old 10th June 2006, 10:35 AM
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Default Re: Mr Vvonteru

Quote:
Originally Posted by vvonteru
I would not do that. Did you see my BSE500 chart? Until the arrow points up, I am not buying. Even if I want to buy, my methodology requires either MACD divergence (I don't trust this in all cases) and/or stock being above 50 day EMA. If there are not, I don't know what to do with the stocks. Leave alone telling U what to do.

U should be posing this question to Long Term Investors. My take on this rally is, it is just a correction. Use this correction to take out partial/full loses. Do not buy stocks. Give it couple of days. It will start coming down soon. But, I wish I am wrong.
Thanks for your comments!

Kumar
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  #517  
Old 10th June 2006, 11:48 AM
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Default Re: I can help you with stock chart reading

Hello,
Should I Buy Arvind Mills At These Levels
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  #518  
Old 10th June 2006, 12:31 PM
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Default Re: I can help you with stock chart reading

Hi vv,
Very informative and educative comments(spl. the begining ones) I have copied and saved it on my desktop. yes, as you said we spend a lot of money and time on our Bachelors, PGs, training, ojt etc., but I failed to think in the same way about the trading too. But,now I have decidied to consider this as an educative phase and promised myself to earn back whatever I have lost in the market. Sincearly, I did not knew that people use so much TA, chart analysis etc., I... did not beleived that all these will work. Thanks vvonteru, Best of luck for you,

usha
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  #519  
Old 10th June 2006, 07:11 PM
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Default Re: I can help you with stock chart reading

Quote:
Originally Posted by SOUMITRA DEODHAR
Hello,
Should I Buy Arvind Mills At These Levels
Frankly, I did not see the chart. Neither did I see others. I will not buy until BSE500 turns upside. Keep 100% cash. U need that when things get better. In the mean while, just look at BSE500 chart every day. Here is the link to get info on BSE indexes. If you are there, look at all the sector indexes.

http://charting.bseindia.com/charting/index.asp

Just an experiment to all those who want to buy now. Throw up a knife. While the knife is falling down, try to pick it. Let me know the result. Just kidding. Don't do it. At least answer to yourself, what is the probability that U will injure yourself versus catching safely? Didn't I say in the beginning of my thread, 'Trading in stock market is Common Sense'.

Last edited by vvonteru; 10th June 2006 at 07:21 PM.
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  #520  
Old 10th June 2006, 07:16 PM
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Default Re: I can help you with stock chart reading

Quote:
Originally Posted by usha
Hi vv,
Very informative and educative comments(spl. the begining ones) I have copied and saved it on my desktop. yes, as you said we spend a lot of money and time on our Bachelors, PGs, training, ojt etc., but I failed to think in the same way about the trading too. But,now I have decidied to consider this as an educative phase and promised myself to earn back whatever I have lost in the market. Sincearly, I did not knew that people use so much TA, chart analysis etc., I... did not beleived that all these will work. Thanks vvonteru, Best of luck for you,

usha
U paid your tution. Everybody does. Trading in stock market is ever going thing (like medical field). U should be reading a book at any point of time. I am currently reading:
1. Entries and Exits by Elder (this sucks)
2. Trade your way to financial freedom by Van Tharp (so far ok. just started)
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