I can help you with stock chart reading

ramakrishnaiah · #**881** 22nd August 2006, 01:36 PM

Hey Vvonteru,

What about Yes Bank, It looks like in an uptrend, had a pull back for 3 days.
Had a bullish engulf today, and is satisfying setup and entry criteria set by you.

I entered at 87 today.

What should be my stop loss in case the trade goes bad?

timtomlee · #**882** 22nd August 2006, 02:08 PM

Hi Vv,

1. If A Particular Sector Has 20 Stocks, Out Of Which 10 Stocks Are
"top Gainers" And 2-3 Stocks Are "top Losers" For The Last 63 Days,
And For The Last 7 Days , If The Proprtion Of "top Gainers" Has Increased, Does That Mean The Sector Is At Intermediate Uptrend?

2. Or, If A Stock Is At 63 Days High, Does That Mean The Sector Is Also In An Intermediate Uptrend? If Yes, Then Why Is It Necessary To See A Sector If The Stock Is Trending?

Kindly Reply,

Regards,

Sonu M.

vvonteru · #**883** 23rd August 2006, 12:07 AM

Quote:

Originally Posted by simpleman

VVONTERU
I want your comments on crazy infotech,esab india and gujarat nre coke.
CRAZY pulled back on the last 2 days.
GUJNRECOKE has broken out of its trading range.
Waiting for your reply.

CRAZY - good find. This is what we want in a stock. Nice uptrend. And entry near 50 day EMA. Go ahead and enter above yesterday's high + 1. ATR(14) = 4.

GUJNRECOKE - I know it is coming up. But, given its failures before, why don't U find something which doesn't have baggage.

YesBank @ 87
-- Stop at 77 below previous base. ATR(14) = 4. Hopefully, U determined the stop loss before U put in the trade.

What is this Swing trading? Will it be helpful in trading Nifty futures?
-- Swing trading is synonymous for short term trading with a span of 1 day to couple of weeks. I have never been into futures. Probably U could.

1. If A Particular Sector Has 20 Stocks, Out Of Which 10 Stocks Are
"top Gainers" And 2-3 Stocks Are "top Losers" For The Last 63 Days,
And For The Last 7 Days , If The Proprtion Of "top Gainers" Has Increased, Does That Mean The Sector Is At Intermediate Uptrend?
-- U ask tough questions. May be. I normally look at an index of the sector or the aggregate chart of sector. I peak into some of the stocks in the sector to see the trend. Normally, U would want the chart of the stock coincide with the sector chart. Look at BANKINDIA and BANKNIFTY for example.

2. Or, If A Stock Is At 63 Days High, Does That Mean The Sector Is Also In An Intermediate Uptrend? If Yes, Then Why Is It Necessary To See A Sector If The Stock Is Trending?
-- A sector is important because of the crowd behaviour. U are trying to do the best in selecting a stock. Sometimes, it acts as a limiting agent. If not, U will have so many stocks to consider for entry. At that point, U want to pick a stock which is part of the crowd that is going up/down. It gives the stock legitimacy. That does not mean a stock that does not follow a sector will not go up or down. As I said earlier, U are trying to do the best.

coolbreeeeze · #**884** 23rd August 2006, 01:37 AM

Hi VV,

I am tempted to get your views in SAIL. I am in this script since last 2 years (entered at around 40 - average price). This stock has not been an outperformer though it has given reasonable appreciation and
dividend yield. I am looking to come out of of this and invest in Technology.
Is this a right time? or is it sitting on an imminent uptrend? What are the probabilities in short to medium term?

Regards

vvonteru · #**885** 23rd August 2006, 02:00 AM

Quote:

Originally Posted by coolbreeeeze

Hi VV,

I am tempted to get your views in SAIL. I am in this script since last 2 years (entered at around 40 - average price). This stock has not been an outperformer though it has given reasonable appreciation and
dividend yield. I am looking to come out of of this and invest in Technology.
Is this a right time? or is it sitting on an imminent uptrend? What are the probabilities in short to medium term?

Regards

There is resistance at 85. If not, it is prime for new entry. If it is going up, why would you want to take it out. Trail stop at 70 (2 * ATR). Once the current base clears i.e., goes above 80, move it to 74. Let the winners run!!! And remember, in order to make profits, you need to put some money on the table. Like business. U can't make money out of nothing!!!

Market:
Indexes are nicely consolidating the recent gains. Thats good for the next leg up.

Here are some links I follow. They pertain to US stocks. But, methodology isn't different.

Elder Website: www.elder.com
Dave Website: http://www.tradingmarkets.com/.site/...y/dlstoutlook/
Kirk Website: http://www.thekirkreport.com/
Other: http://financialsense.com/Market/wrapup.htm

If U are there in Elder's website, subscribe to his email list.

simpleman · #**886** 23rd August 2006, 10:29 AM

HI VVONTERU,
Want your comments on classic diamond, esabindia, patel road and patel on bor.
CLASSIC, PATEL ROAD and PATEL ON BOR are in uptrend and have also pulled back.
When should I enter?
ESABINDIA also has broken out of its trading range but is having resistance at 400.
Waiting for your reply.

agupta · #**887** 23rd August 2006, 11:17 AM

Hey VV,

What are your thoughts on Bom Dyeing? CMP 680.

Thanks

I just found out that the previous volume for this stock was greater than 2 week, 1 month, 3 Months, 6 Months (Volume)Moving Average. What does this mean? Does this indicate manipulation even in a stock with such high trading price? Yesterday the stock had touched a high of 735 but came down to 680 today.

sridevi · #**888** 23rd August 2006, 11:25 AM

Just now I bought Bajaj Hindustan at 331.00 for Intraday Trading, actually I got a call on that stock, can I hold the stock for one week

aashu12 · #**889** 23rd August 2006, 11:29 AM

I have bought the dabur india for 143.50 i ah hoiding it for past 1 i week can i wait for it to go to 150 and if it goes in what time will it reach the target

aashu12 · #**890** 23rd August 2006, 11:29 AM

Quote:

Originally Posted by aashu12

I have bought the dabur india for 143.50 i ah hoiding it for past 1 i week can i wait for it to go to 150 and if it goes in what time will it reach the target

please suggest me on this

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