|
|
| Discuss I can help you with stock chart reading at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by drsmathew hi, I have been a regular watcher at this thread,and have ... |
|
|||||||
| Notices |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#921
28th August 2006, 12:24 AM
|
|||
|
|||
Re: I can help you with stock chart reading
Quote:
-- 420 is the resistance. Volume low in the recent upside. At this point, there are 2 things U can do with the stock. Either buy or stand aside. 2. centiry Textiles -- It is going up slowly with less momentum. Volume has been low in the last 3 days. Buy or stay aside. 3.Hindalco -- There was a failed attempt in Mid July. It is trying again. Wait for the crossover test and pull back before U enter. General Comments: Look at ATR of above 3 stocks. Look also ATR of nifty and sensex. From high of mid May to present, ATR of the indexes and the stocks have been falling. Ideally, a breakout from lows should be with high volume with higher ATR. Lower ATR might mean 2 things. Either its consolidation followed by higher volatility or we are going down. How and when do we know this? Future price action. Lets not predetermine change in market direction. Last edited by vvonteru; 28th August 2006 at 12:37 AM. 
|
| Sponsored Links |
|
#922
28th August 2006, 12:45 AM
|
|||
|
|||
|
Re: I can help you with stock chart reading
Vv
Your Comments On Tata Chemical.i Intend Going Long In It In Morning So If Comments Can Be Before Mkt Opens.when U Use Atr Does It Mean Avg Trading Rg.thanx
|
|
#923
28th August 2006, 01:01 AM
|
|||
|
|||
|
Re: Dear VV: Classic Diamonds---Diamonds are for ever!
Quote:
well explained! you brought me back to discipline. thanks for the reminding me my set basics. many thanks kind regards Geeta
|
|
#924
28th August 2006, 03:40 AM
|
|||
|
|||
|
Re: I can help you with stock chart reading
Dear VV,
I cam see from the charts of most of the nnifty stocks...that although the daily prices are moving up but the MACD is showing sharp divergence. Thus, two situation can prevail in this regard. 1. the markets are bound to go down 2. there may be a hound of Baskerville situation as explained by Elder Alexander in Come into my trading room, and we can see a sharp upside. Most probably the next week will show the course of the market. Pls comment Regards, Rohit.
|
|
#925
28th August 2006, 03:57 AM
|
|||
|
|||
|
Re: I can help you with stock chart reading
Quote:
Look at the chart for last 1 year. Volume from June to present is less than before June. However, volume has been improving last 1 week. The price action looks good. The stock has unusual long bars some times, more than its normal volatility. So, be careful in specifying the stop loss. I would have liked to make an entry before last Friday.
|
|
#926
28th August 2006, 02:05 PM
|
|||
|
|||
|
Can you pls read this stock
can u pls have a look at the chart and help me to find a good tgt for this script
Moschip Semiconductor - BSE i am quite bullish on this short term 32-36-48 then 80 and go long on this whts ur view I have good position in this stock ~BB
|
|
#928
28th August 2006, 07:41 PM
|
|||
|
|||
|
Re: Can you pls read this stock
Quote:
ESSAROIL -- Looks good. Missed an entry 2 days back, just like IOC. BPCL & HINDPETRO are on move. Last edited by vvonteru; 28th August 2006 at 08:13 PM. Reason: BPCL & HINDPETRO
|
|
#930
28th August 2006, 08:26 PM
|
|||
|
|||
|
Re: amtek
Quote:
-- Looks good. Except that it has unusual long range bars. Consider those in specifying stop loss. Volume is not great either in the recent breakout. If you want to enter, do that above last Wednesday's high. feddersloyyid -- I am not at all excited about this stock. Everything is wrong about it. Low volume, price in trading range. Keep away. Guys, It is worth to look at what Timtomlee has come up with. MACD(3, 10, 1) is good. It does very good in buy signals when line crosses 0. It also gives sell when line crosses back. But, the sell signal may not make you money all the time. It works very good when the stock is trending. For example, look at Sensex with this indicator. From 2005 Nov to 2006 May, there were only 2 cross downs below 0. One time was in Jan'06 when there was a deeper pull back. The other one in May when sensex came down heavy. So, look at for each stock whether it makes sense. I think it does very well in providing entry point. It provides signal earlier to crossover. Look at how the signal would have worked for: 1. Reliance. 2. BankIndia 3. Classic It does have similarities with MACD (12,26,9) crossover. Last edited by vvonteru; 29th August 2006 at 12:53 AM.
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: I can help you with stock chart reading
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Tape reading | susheel04 | Technical Analysis | 15 | 24th October 2007 12:27 AM |
| Down Load of Data for Meta Stock or FC Chart | Jayesh | Software | 6 | 24th June 2006 09:55 AM |
| Tape reading for forex. | gamebit4x | Introductions | 0 | 4th March 2006 11:22 PM |
| The Art of Tape Reading- part 1 | sh50 | Technical Analysis | 0 | 11th December 2004 01:18 PM |
| General reading for traders | CreditViolet | General Chit Chat | 4 | 27th October 2004 12:22 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
