Some Good Steals...

Thanks for the information.
Today it has dropped from 83.* to 82.*
Seems like it has hit some downtrend!
Any idea, how it goes from here and at what price I can buy this?

Regards,
Narendra

Hi Narendra,
There is hardly any significant gains being made today. The volume of trading in the market is pretty thin too.
No entry is suggested at this point in any stock.
Thanks.

OK

Hi Amit and Saint,
'All' mean any other 'hidden' senior member (like Saint this time), who could throw light on my queries.

Thanks Amit for your as usual quick and valuable reply.

I do read the posts of Saint and both of you are really very helpful and specially for the newbie who have lots of doubts.
Its because of you the doubts get cleared and one get confidence in trading .. like I have some confidence against some script...whatever way the market goes..I have something decided on some particular script.

Thanks a lot Amit once agin

Kind Regards
sjoshi

Hi Joshi...all that is for fun and games, friend.
At some level trading is an awfully mundane activity, and I frequently look to some tugs and pulls of humour.
I'm glad you have been helped by any of us at this great forum
Cheers.

Hi Amit,

Thanks for your valuable inputs. Just for curosity how do you figure out a congestion area. Sorry actually I am new to share trading also. If the ans is very descriptive then just give me some links to refer.
Also what do you mean by CMP.

Thanks and regards,
asp

Hello Amit!

Satnam Overseas has gained well after the fall...cmp 101...

Regards

Roneeth

Hi Joshi,

That is truly great to hear.........that last line is very important.To always have a plan,when to get out if things turn against you,or when to take profits when things go in your favour.........Great to hear,my friend!!

All the very best!!
Saint

Hi all,
Not sure if this is the right forum for my question, but I will give it a Try. Is there any free charting tool available? Or any demo version that I can try. Do these tools come with data. How do I update current/past NSE BSE data into these tools.

Thanks a lot,
Partha

Hi asp...by congestion here, one would mean 'resistance levels'. These are the points where historically a stock would have encountered selling pressure as the consensus between a seller at an asking price, and a buyer at a bid price would not have been reached. The reasons for this could be many, like the current valuations of the stock, future earnings potential of the company in question etc. So when the buyers decide that the asking price is too high, they would drop in number, and the sellers would be compelled to sell at a lower price. Now the price has dropped after touching a peak beyond which there are no buyers. This peak is the resistance level of the stock. A resistance level would be temporary in nature normally, as at a later date the market would decide that the stock value has the potential of an up-move, and now there are buyers willing to pay over the resistance level for the same stock. So now the resistance level has been broken, or breached, passed or taken out, and the stock goes higher in prrice.
Similarly, there are the support levels too. These are the levels below which the sellers are unwilling to sell, and simultaniously the buyers feel that the stock would not have any further dip in price, and would increase in numbers, buying the stock at the deemed low, or safe price. Now the stock's price is bouncing up, having taken a support at the support level. This level too can be temporary, as at a later date the market may decide that the price could have a further down side to it, and now the support level is broken, breached etc and the price has fallen below the earlier support.
Normally one would not use the term 'congestion' for support levels, as supports are always seen as a positive.
The progress graph of a stock moves in a series of up and down lines, which culminate in resistance levels to the up, and support levels to the down.
The overall movement, whether to the up or down would suggest if the stock is in an up or a down trend.
CMP simply is the Current Market Price.
Regard.