Trading CNX 100 stocks with Volume Spread Analysis

There it is. Rising as if there is a spring beneath pushing it up.

142.80 is happening now.

Acc

ACC - Weakness is seen in ACC. There are signs on professional-money selling into up-moves. Advised to not be long in this scrip. LTP as per NSE website is 1247.30.

Its trading above 591 now.

The fact that it has risen up like a spring is more important to me than whether it has crossed 580 or now. Lucky that 580 was achieved quickly, but that was not the goal of analysis. The goal of analysis was to correctly identify that there was strength or bullishness in this scrip

DENABANK - Looks like its ready for a sharp upmove. Currently trading around 95. Expecting 109 shortly.

Looks like the up move has started.

OPTOCIRCUI (Opto Circuits India Limited)

OPTOCIRCUI (Opto Circuits India Limited) - Lots of strength and accumulation seen. There is a glaring opportunity for those who are fond of fishing for the bottom. The "big fish" are buying lots of this stock. There is only little downside possible from here. The only disadvantage is that we do not know how much time would it take for the uptrend to begin. Its may take 5, 10, 15 or simply 2 sessions. LTP on NSE website is 52.70. Once the uptrend starts, 71 and 80 could happen real quick.

Henceforth, all stocks in CNX 500 will be included in my analysis and trade/position suggestions. That is, this thread is no longer restricted to CNX 100 stocks.

Cadilahc

CADILAHC - There is good strength in the background with a breakout from accumulation zone. On the daily bar of 17 May 2013, the big fish seems to have gone hunting to trigger stops of the long positions presumably already held by "weak holders" who are likely to cause casualty to any up-move. The good news is that there is low volume on this bar. Expecting it to move like a bullet to 920. LTP as per NSE website is 815.

Re: Acc



The signs of strength are minor, such as daily lows being supported.But I do not think that strength will be enough.