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I can help you with stock chart reading

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  #1231  
Old 4th April 2012, 12:24 AM
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Default Re: I can help you with stock chart reading

@ insider: Any recommendation for present condition?
any short term call?

Looking for a share broker?

Name:Phone:
Email:City:
State:
Are you a day trader?
  #1232  
Old 26th April 2012, 11:12 AM
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Default Re: I can help you with stock chart reading

Hello,

Please look at the monthly chart of Infosys (for ex.) and bring your attention to the volume.

One will notice that there is a distinct bifurcation in nature of volumes around 2004. After 2004 the volume suddenly thinned out.

Mathematically,

Let,
A = total volume of shares traded from 1998 to 2004 (adjusted for spilts not bonuses, since they do not show in the chart data)

B = total volume of shares traded from 2004 to current, 2012

Our focus is A/B;

For infosys,

A = 5003679962
B = 998802680

The ratio A/B = 5

If A is almost 5 times greater than B, then one would think that participation was relatively weak after 2004. After 2004, even the major monthly supports do not have serious participation. Therefore, any semi-serious cue (global or local) could easily break these supports. This is because,

Ones who bought before 2004, at sub-700 prices, would be happy to book profit at current prices. No wonder Infy saw the sharpest fall in its recent history.

Please provide your views, especially contrary ones.
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