I can help you with stock chart reading

GKHERA99 · #**711** 16th July 2006, 11:20 PM

i wil request urgent analysis in bank of india as intend trading in it tommorrow thanx

vvonteru · #**712** 16th July 2006, 11:56 PM

Quote:

Originally Posted by rhk

VV,

Are you recomending entry in Cement stocks and others mentioned by you.

Cement stocks really look good. Look at following for entry on Monday.

Gujarath Ambuja Cement
Mangalam Cement
SRI DIGV CEM S ORDINARY (iCharts does not consider recent split. I think they sincerely need good data. I am losing trust on the site. Are you hearing Swing Trader?)

Others, look if they are in pull back. I would wait for next week to see how the market reacts to Global Stock downfall. Sometimes, it may be good. Money may flow back from other markets to Indian markets. Lets see what happens.

Essar Oil @ 45
-- Put a stop at 35.

Bank of India
-- I suggest you stay away from banks. Please let me how you got signal to buy this stock. Recent downtrend support has be broken at 94 from June 9, 2006. This stock is going down for sure. No qualms!!!

vvonteru · #**713** 17th July 2006, 11:00 PM

Quote:

Originally Posted by vvonteru

Until the market makes the move, lets not take short position. However, we can identify at what point the downward move will be confirmed. Notice the low volume the recent uptrend of Sensex and Nifty. Please confirm the validity of data.

We will use the following to identify the start of downtrend. Since, we are determining the turning point, our stop will be close to exit otherwise.

1. If Sensex goes below July 7th. This is the low of the recent base and also the high of previous pull back on June 26th.
2. If MACD crosses down. After June 19th crossing up, it never crossed down.
3. If 8 day EMA crosses down 50 day EMA.
4. Depending what signal we use, we will use the opposite to exit. In case of signal 1, we will use 11000 to exit.

Same can be pointed in case of Nifty.

Guys,

Market turned. Point 1 came true. This will be followed by Point 2 and Point 3. Major support is at June 14th. At that point, it will be double bottom. If that doesn't save, then the market is doomed. However, there are intermediate smaller supports. If the market stops at these levels, we may for trading range.

Can you short? Market is not yet oversold (RSI = 50). Lets see if we can find stocks that already made a move. Our stops will be far, since we missed the moved today. Or else, we can wait for next pull back. By that time, we will have a better picture. Consider the following for short:

1. SAIL
Entry at CMP 72.05 (If I had considered this for short 2 days back, the entry would be 74)
Exit: Above Double Top around 87. Also, if 8 day EMA crosses above 50 day EMA. If it does, we are in for choppy trade.
Profit: between 60 and 65

Ref: Bank of India
-- Hope you heeded my advise and did not buy.

GKHERA99 · #**714** 17th July 2006, 11:13 PM

i intended to undertake short sell bank of india and gained by doing so thanx for ur prompt analysis

LEYAKATH · #**715** 18th July 2006, 01:40 AM

எனக்கு ஸ்டாக் சம்பந்தமாக அதிகம் தெரிந்து கொள்ள ஆசை யாரேனும் உதவுவீர்களா lalicom000@hotmail.com

tabularasa · #**716** 18th July 2006, 02:36 AM

on mr. vvonteru's guidance i hv entered cement sector with GUJAMBCEM at 103.20
and ACC at 814.

lets see how it goes.
atleast yesterday cement was holding its own.

-
t.r

vvonteru · #**717** 18th July 2006, 04:15 AM

Quote:

Originally Posted by tabularasa

on mr. vvonteru's guidance i hv entered cement sector with GUJAMBCEM at 103.20
and ACC at 814.

lets see how it goes.
atleast yesterday cement was holding its own.

-
t.r

I suggest you have only 1 stock position in a sector. When market goes down south, nothing holds, except Health Care, Utilities and commodity related stocks (Oil & Metals). Cements are doing good. Can they resist the storm? Also, consider 8 day EMA crossing down 50 day EMA to get out.

Consider the following for short for tomorrow (including SAIL specified in previous reply):
1. Terasoft (BSECode: 590020) (Couldn't get sector info)
2. Sea Marine (NSECode: SEAMECLTD) - Sector: Shipping
3. Opto Circuit (OPTOCIRCUI) - Sector: Electronics/Engineering
4. Classic Diamonds (CLASSIC) - Sector: Gems

Guys, these are stocks from my scan. Do Ur analysis before you take a position. Let me know if you need more info.

Traderji · #**718** 18th July 2006, 07:58 AM

Quote:

Originally Posted by LEYAKATH

எனக்கு ஸ்டாக் சம்பந்தமாக அதிகம் தெரிந்து கொள்ள ஆசை யாரேனும் உதவுவீர்களா lalicom000@hotmail.com

Hey, we are running a forum in English and would appreciate if you would stick to it!

ramakrishnaiah · #**719** 18th July 2006, 10:50 AM

SBI is trading at <700 levels.. Is it a good time to enter from 2-3 months term?

Also, Suzlon tanked yesterday and is trading weak today as well. Has it entered a bearish phase?

harmads · #**720** 18th July 2006, 10:56 AM

Hi vvonteru

Would appreciate your valuable comments on Ranbaxy & Cipla . Both these companies are going down steadily.. although I have been making a picking of these both but I would like to know if there is any inside story concerning the both.. their fundametals seem quite ok..

Thanks

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