I can help you with stock chart reading

vvonteru · #**961** 2nd September 2006, 04:52 PM

Quote:

Originally Posted by game4trade

Hi VV,

Your views on SIEMENS. Can one go long at CMP??

Cheers,

That depends on how U normally go long. Here are some of the options for buying on pullback. These do not apply if you are a breakout player.

1. Long at pivot point. Low of the pullback.
2. Long after stock takes out pivot successfully. On Friday, SIEMENS took out the pivot point successfully.
3. Long between two short term EMAs. Choose either 10 and 15 or 8 and 13. Whenever the stock pullsback to between EMAs, buy. Probably on Thursday. U should note that some stocks have different pattern and may not pull down rather than create a base. SIEMENS is a perfect example. It created more of a base than a pull back.

Depending on what option you choose, results will vary. As I always say, stick with one option for all trades. Don't change between trades.

amitt29 · #**962** 2nd September 2006, 05:03 PM

Quote:

Originally Posted by vvonteru

Just like the indexes, its going slow, looking sideways more than upside. Its got a major resistance at 1000. Volume has been drying up in the last couple of weeks. My personal opinion is, stay away. The low volatility in the indexes and stocks is looking more like a puzzle to me. I am stopping short of saying, there is something fishy going on. Is this lull before the storm or just business as usual. This accompanied by low volume in some stocks.

Now, that doesn't mean we go around and short. If we don't learn any thing from our history, lets get this one right. DO NOT TRY TO DETERMINE THE TOP AND BOTTOM. Too many people have lost their shirts from 1900. This is straight from the mouth of Jesse Livermore (so they say. Book was not written by him).
?

I must say Sir,Its very simple to be difficult but very difficult to be simple.
U are the Jewel in the crown of this forum,the best as I see it here.And have carried on and by grace of Almighty will carry on.Hats off to you.

rangarajan · #**963** 2nd September 2006, 10:32 PM

Dear Vv,
yr comments on ICSA & Ankur drugs,(both bse ),from short to medium term perspective & if possible likely targets.
ranga

vvonteru · #**964** 2nd September 2006, 11:29 PM

Quote:

Originally Posted by amitt29

I must say Sir,Its very simple to be difficult but very difficult to be simple.
U are the Jewel in the crown of this forum,the best as I see it here.And have carried on and by grace of Almighty will carry on.Hats off to you.

Thanks for the comments. As U read my comments, I want U guys to think the other side of the trade and ask why not. Thats how we together improve our trading.

ICSA
-- This stock has resistance around 700/750, which it failed to overcome 9 times. U want to try your luck one more time?

Ankur drugs
-- U want the stock to go above the trend line before U buy. Use MACD cross up for entry signal. It is ready to cross down due recent shorterm sideways action.

If U have to trade, here is one I liked out of 30 stocks I got out of the scan.

Stock: Godrej Industries
CMP: 99.90
Recent High: 103.50
ATR = 5
Entry = High + 0.50 = 104
Stop = 92 (below previous base, chandelier stop, between 2 * ATR and 3 * ATR)
Profit = trail stop, R = 104 - 92 = 12
Positon Size = calculate

mansukh · #**965** 3rd September 2006, 09:38 AM

Hi VV, Iwould Like ur views on the following,
UNITECH, HINDALC0, NAGARCONST, ROLTA, Tech Mahnindra
say a week's view (or short Term)
Specially Unitech, i have a bullish feel, as others have lost insterest in it now, may be this might be headed upwards. Please comment. Thanx

vvonteru · #**966** 3rd September 2006, 06:32 PM

Quote:

Originally Posted by mansukh

Hi VV, Iwould Like ur views on the following,
UNITECH, HINDALC0, NAGARCONST, ROLTA, Tech Mahnindra
say a week's view (or short Term)
Specially Unitech, i have a bullish feel, as others have lost insterest in it now, may be this might be headed upwards. Please comment. Thanx

UNITECH
-- Nothing interesting. Why do feel that way. Is there a fundamental or TA reason for that.

HINDALC0
-- It is in pull back after crossover. However, there is resistance at 180. Buy above that.

NAGARCONST
-- Nicely pulled back and now going sideways. Wait for it come out of the short term sideways action. Sometimes stocks don't just go up after a pullback. They wait for momentum in general market to drive them up. So, wait for that action before U buy. U can use MACD cross up to help U when to buy.

ROLTA
-- Same story as NAGARCONST. They need a momentum day to go next leg up. Volume action is good. Watch the stocks daily and look for breakout of the sideways pullback action.

Look at also Mahindra Gesco. Still not able to come out of the pullback. Once they do, they will be on a roll.

Tech Mahnindra
-- Avoid new stocks. Buy new stocks either because, its a bull market (like we have seen before May) or U really know the fundamentals of the company. Why risk on something which U do not know how it trades? Will U invest your money with a person whom U know only 4 days back? If not, how are U trusting a stock thats only couple of days old?

rangarajan · #**967** 3rd September 2006, 09:29 PM

dear VV,
ICSA & Ankur,thanks for yr analysis.I have another view from a tech analyst with charts.Would u like to see them for comparison & knowledge sake.
If so,pl tell me how to make attachment to my message the chart i have.
You may recall,even in the past, i had solicited yr opinion twice in the past as i regularly trade in them since one yr.
ranga

vvonteru · #**968** 3rd September 2006, 11:35 PM

Quote:

Originally Posted by rangarajan

dear VV,
ICSA & Ankur,thanks for yr analysis.I have another view from a tech analyst with charts.Would u like to see them for comparison & knowledge sake.
If so,pl tell me how to make attachment to my message the chart i have.
You may recall,even in the past, i had solicited yr opinion twice in the past as i regularly trade in them since one yr.
ranga

That would be nice. We need different opinions, with a basis. Thats how we learn. As a trader, we need to think like a lawyer. We need to think other side of the argument (trade) and check if we have an edge.

I would prefer U attaching in Traderji. Thats how everyone can see and comment. If not, we need to find a common place where we can store the files and are accessible from Traderji. Guys, any ideas?

GKHERA99 · #**969** 3rd September 2006, 11:39 PM

Vv
Advise On Hanil Era Textile And Alok Textile
Regards

jaykiru · #**970** 4th September 2006, 01:11 AM

Chart for alok Textile

http://www.traderji.com/technical-an...nce-lines.html

Jay

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