I can help you with stock chart reading

ger06 · #**761** 26th July 2006, 04:34 AM

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 · #**762** 27th July 2006, 01:59 AM

Quote:

Originally Posted by 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.

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

vinayak_shet · #**763** 27th July 2006, 11:09 AM

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

vinayak_shet · #**764** 27th July 2006, 11:09 AM

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

ramakrishnaiah · #**765** 27th July 2006, 11:23 AM

Position calculator looks for a result history sheet.. Is it required?, If yes, please attach that as well.

thanks

vvonteru · #**766** 27th July 2006, 07:38 PM

Quote:

Originally Posted by ramakrishnaiah

Position calculator looks for a result history sheet.. Is it required?, If yes, please attach that as well.

thanks

I am sorry. I changed name of the tab sheets to make them more meaningful, but forgot to update the formulas. Here is the updated sheet. Let me know if you have more issues.

vvonteru · #**767** 27th July 2006, 07:53 PM

Quote:

Originally Posted by vinayak_shet

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

If waiting/holding for 1 year will help stocks popup, then everybody will do that. Buy and Hold is a pre-2000 thinking. By 1 year span, if you are trying to convey to me that you are a long term player, you should know what the stock must be doing within the 1 year. How low or high can the stock go. What fundamentals will help the stock go up in a year. You need to validate these along the 1 year. Just holding and hoping will not help!!!

I am a short term player. I don't have the expertise to tell you where the stock will be in a year. I can only tell you in the next couple of weeks. You should ask some other member who depends on fundamentals.

UCALFUEL
-- Looks really bad as pointed by you. June 8th low (around 90) is the support. 120 is the resistance. If it breaks 120, its positive. If its goes below 90, you will see more lows.

Venus Sugar
-- How low can this go. 6 is the support. 10 is the resistance. Next time, avoid buying into stocks less than 50. I would prefer not to buy less than 100, except a few.

vvonteru · #**768** 28th July 2006, 12:58 AM

Quote:

Originally Posted by rajesh.sadhanala

Hi Vvonteru,

Nice Analysis, really appreciated. I have a small doubt. Normally pull backs comes with a shorter volume. Here the pull back have medium volume that shows it is news driven move (just a mere guess). Please correct me If I am wrong.

Regards
Raj

Its good we avoided the stock due to high volume. High volume on the upside continued for BANKINDIA. I was looking at the BankIndex and couple of Bank Stocks. There seems to be some buying in these Bank stocks as pointed by the Bank Index, worth to follow.

Market
-- Its going up and down. Its prudent to wait till it breaks out of the short term channel created in the last couple of months.

kumar7 · #**769** 28th July 2006, 11:30 AM

I would like to enter Rolta, can you please take a look at its charts?
What is a good entry point? It has recovered from the recent hammering but it has a long way to go!
Best,
Kumar

vvonteru · #**770** 28th July 2006, 06:56 PM

Quote:

Originally Posted by kumar7

I would like to enter Rolta, can you please take a look at its charts?
What is a good entry point? It has recovered from the recent hammering but it has a long way to go!
Best,
Kumar

Each of us wish the stocks trend. But, after a huge fall, stocks take their time to form a trend. Until then, they just move in trading range. If you are a trend follower, it is safe to be out during this time. If not, you will get burnt during the choppy trade.

Rolta is in a small trading range between 150 and 180. Further, there is upward resistance at 220, 260, 280. So, lets wait and make sure it is ready to trend. If you are interested, I would suggest you to follow banks. There seems to be high buying volume. They are out of the short term trading range.

Look at BANKINDIA. 7 days of buying at high volume. It has reached overbought condition, not seen after May 8th at 150 level. It is stalling right now at 110 resistance. It is ready to pull back. After it does, we will see the volume and general market conditions to make buy decision.

Similar Threads for: I can help you with stock chart reading
Thread	Thread Starter	Forum	Replies	Last Post
Tape reading	susheel04	Technical Analysis	17	6th January 2009 08:24 PM
The Art of Tape Reading- part 1	sh50	Technical Analysis	2	3rd January 2009 02:51 PM
Down Load of Data for Meta Stock or FC Chart	Jayesh	Software	7	16th December 2008 08:44 PM
Tape reading for forex.	gamebit4x	Introductions	0	4th March 2006 11:22 PM
General reading for traders	CreditViolet	General Chit Chat	4	27th October 2004 12:22 AM