I can help you with stock chart reading

More files. Again, don't forget to rename the files to .afl extension. Loading the industry and sector is lot of work. Here is some text I put for my friend a while back to load industry and sector info. Its lot of work, I promise.

1. Backup file c:\Program Files\Amibroker\<Indian
Stock database name> \Broker.Workspace
2. Delete Broker.Workspace
3. Delete broker.industries and broker.sectors from
c:\program files\Amibroker. Ofcourse, back them up.
4. Copy the files I am attaching to this dir.
5. Copy Sector.afl, Industry.afl and
LoadData.afl into c:\program
files\Amibroker\formulas\custom
6. Modify LoadData.afl file to point to where U
will keep StockIndustry.csv file.
7. Now open Amibroker.
8. Do analysis for Industry.afl and Sector.afl.
8. By default, all the stocks will be in the 1st
industry, Agro - Others. Move them to Industry 181
using menu item Symbol -> Organize assignments..
9. Open LoadData.afl for analysis. In the Analysis window, choose 'to
analyze the open stock' as option (it does not matter.
We are not looking at stocks in the database. We are
reading from a file. So, why unnecessarily look at
each stock. We only want to run the script once. Not
4000 times). Scan it. Before U scan, make sure the stock being displayed has atleast 10 days of data. If not, analysis will not work.
10. Now, cross check it using menu item Symbol ->
organize assignments. If every thing is ok, U can run
the Sector and Industry formulas again to generate
charts.

Attached Files

	UpdateIndustryCharts.txt (214 Bytes, 59 views)
	UpdateSectorCharts.txt (211 Bytes, 49 views)
	CompareStockToIndustry.txt (929 Bytes, 48 views)
	CompareStockToSector.txt (731 Bytes, 48 views)

Dear vvonteru,

Thanks for uploading the Ami script files.
Is this for BSE stocks only? And the Reuters naming convention for symbols in the StockIndustry.txt !

I am a beginner to Amibroker & shares in general, and dealing only in NSE scrips. I do data update by downloading EOD files from NSE site. Can I use your script files? Did i miss something from your previous posts?

Thanks & Regards
Siva

It includes both BSE and NSE Codes. However, BSE Codes are correctly mapped to Industry, unless the stock only exists as NSE code. When you calculate industry or sector, you don't want to add the stock from both BSE and NSE. I moved NSE stocks to dummy industry.

U should be able to find mapping from Reuters code to BSE and NSE codes in the following website:
http://alpha.myiris.com/shares/sectors/

Stocks for monday.

BHARAT SEATS (523229) (Sector: Auto Ancillaries)
EXIDE INDS (EXIDEIND) (Sector: Auto Ancillaries)
EL FORGE (531144)
RAIN COMMODI (500339)
RAIN CALCINING (RAINCALCIN)
WHIRLPOOL (500238) (Sector: Consumer Durables)

Hi VV

i m regularly following this thread . Can you please let me have ur views on "GOLDSTONE TELESERVICES" and "SONATA SOFTWARE". how do they look on the charts?

Mainak

Hi,
just checked the above stocks. Though i am not an expert as vvonteru,
i would still like to give my analysis.

1. GOLDTELE (swing ) - Currently, in trading range from june. Resis. at 22
and support at 16. Momentum is very low.
reccom. - AVOID.

2. SONATSOFTW (swing) - Though less volatility, its at 3 month high
and now in pullback mode. Wait for few days for
pullback to complete. Support at 27 levels.
Reccom. - GO AHEAD.

Please confirm with vvonteru. Hope u dont' mind. If my Reccom. matches with vvonteru's reccomendation, then it will mean that i am on right track.


regards,

sonu m.

Hi Vvonteru,

What do you feel about the following stocks?

Aksh Optifibre
Biocon
Engineers India
GAIL
Ind Swift Ltd
Monnet Ispat
MRO Tek
Rajesh Exports
Reliance

Regards
Kuldeep

hi Vvonteru,

How does Hyderabad industries look to you at this stage. IT appears to be headed for a technical breakout. Much appreciate your views on this stock.

Kind Regards

Nitin

Hyderabad Industries (HYDRBADIND)
-- Nothing great is going on. Support at 250 and 300. Resistance at 450. Need another week or so to get better picture.

GOLDTELE
-- Avoid. Any stock, tradability and liquidity is the key. Look at the historical chart and imagine you entered at some point. Could you have traded it? Some stocks don't have a pattern. We are looking for nice trend followed by intermittent pullbacks. No abnormal huge bars (because they stop you out). Less gaps (because, stock may gap down too and increase your risk). No large gaps (same, high risk). Good Volume. Avoid low priced and low volume stocks because a huge buy or sell can change the direction of the stock.

SONATSOFTW
-- Wait for pull back. Compare this stock's tradability with GOLDTELE.

Aksh Optifibre
-- Recent Volume is low. If you have to trade now, then Setup is Double Bottom. Entry above down trend line touching 80, 65 and probably 58. Normally Double bottom entry is at the double bottom. U don't wait for pull back. If not, wait for crossover and pull back. Its been a while I traded double bottom. I used to do when I followed Elder.

Biocon
-- Looking at the chart from 2004, it doesn't impress me. Never had a trend so far. Unless U have fundamental setup criteria, I would avoid. There has been unusual high volume last 2 days. But, it is overbought. If U have to take it, wait atleast for crossover and pull back.

Engineers India
-- Wait for crossover. 400 is support.

GAIL
-- Nothing impressive. There was already a failed breakout at 260. Wait till it gets out 260 and buy above pull back to avoid false breakouts.

Ind Swift Ltd
-- Its allow over the map. Its not tradable. If you risk R = 20 points, U have to ask, can I get 1R, 2R, 3R etc.

Monnet Ispat
-- I wouldn't trust till crossover happens. There is new volume though. So, wait and see how it does in the next week.

MRO Tek
-- Not tradable.

Rajesh Exports
-- Crossover Test.

Reliance
-- Funny that Reliance has been lagging in this market. Similarly, ITC. SAIL is doing better. These have been the initial leaders.

General Comments:
Looks like your setup criteria is different. Thats ok. It just doesn't fit mine. Everybody has to come up with their own, what they are comfortable with. A Setup criteria or any criteria should be with out guess work. You should be able repeat it in 10, 20 and all trades. Use position sizing to limit the same amount risk amount for all trades. So, losers should always be risk R. Winners must be multiple of R.

Market in general
-- I would have liked some more volume and high bar breakouts in indexes. Till they are above the trading range, we should give benefit of doubt.

HI VVonteru

Can you throw some light on technicals of
1. Gujnrecoke
2. Bank of India
3. Gujarat Ambuja Exports

Thanks In advance

Suja