your openion on some calls

lumax tech weekly is in uptrend , is it good time to buy. daily is also making an impressive rally since last 3 weeks, pls. note it has ended green during these two days nifty fall. i would keep on posting recent charts, senior members pls. give your humble guidance

thanks
nilesh mishra

Plz post the same chart with volumes.

hello bunny

Actually I do not know how to post a bigger size attachment, i think it's not more than 100kb, therefore I am unable to post the same chart with volumes
, volume on the current week is 96.5 k.

and yes, thaks for free VSA ebook.
looking forward for your comments

thanks
nilesh mishra

I think it can come down to the levels of 76-78

hi rajput

can you plz explain how did you analysed that, is it previous resistant level, which would act as a support line in future?

thanks
nilesh mishra

Stochastic and RSI indicators are showing divergence...it can even come down more...but 76-78 is its trendline, so expecting it minimum to that level.....hope it proves that way!!!

thanks, raj, now i am clear about this, and i would use these two indicators in future for analysing any security, I am still under learning process

nilesh mishra

IMO opinion you should learn the indicator that you find best for your understanding. Some consider working with price and volume alone, i prefer RSI and Stochastic. there are many using bollingers, cci, some are using ADX. So find the best suiting you and tweak it your way. before taking action on these two try learning their movement with price. You will feel more strong in your actions....i never saw the price action of lumax tech. it is just an opinion that it can go to 76-78. But the underlying fact is that Price Movement moves the indicators. So some times indicators can also be wrong. So lets see where LUMAX goes in Future...

Looks good for a target of 92, and can even go above it.

Better to avoid it for practical trading.

Stock is highly manipulative.

For paper trading one can do his own experiments.