Teach A Man To Fish And.........

satya_pinku2003 · #**1581** 7th May 2008, 11:31 AM

Quote:

Originally Posted by xman_in

i will try to provide my interpretation of Ispatind chart..

yesterday candlestick showed some indecision on traders part. today bears were in control. 5 days volume EMA is below 20 days EMA volume. weekly pic is also not good. looking at overall pic i will also suggest to avoid this stock. as per saint's teaching the stock should be in weekly uptrend. that is one of the filter that i use. i will wait till it shows some uptrend.

what say rajesh

i m thinking if we can go long if it breaks out from this pattern with good vollume knowing weekly is not good

Regards
Satya

rakeshluthra430 · #**1582** 7th May 2008, 11:56 AM

Quote:

Originally Posted by satya_pinku2003

Thanks for your comment ... can you please post a chart with your veiws which will be great

Regards
Satya

Sorry... I am semi-illeterate as far as software/attaching pictures are concerned. I use Fibotrader so if you know, you can teach me how to post any chart here.
Coming to the crux of the question, my pics day before yesterday were Aban Offshore (sl of 3370) and GMDC (SL of 314). I trade only where I have a small stop loss.
For today, I will be watching Century Tex (buy above 860 sl 826) and M &M (above 682 sl 656).

I dont have more than 10 positions open, so not planning to take Buy in more than 2 shares today... of course unless i book profits in a few.

Thanks

rakeshluthra430 · #**1583** 7th May 2008, 12:10 PM

Also watch NB Ventures and Bartronix

rohangawale · #**1584** 7th May 2008, 02:24 PM

gr8 leanrning from this thread
thnx
will read it thoroughly

xman_in · #**1585** 7th May 2008, 06:00 PM

Quote:

Originally Posted by Pchartis

I am a newbie in stock market and learning TA. I do read all posts of senior members. I read ur posts also. I had seen charts attached by u of Ispat and bartronics. Can I know which S/W u r using for chart. I used Ichart for learning charts.

i am using Amibroker.

joisankar · #**1586** 7th May 2008, 06:08 PM

absoulutely superb. i have been working with mutual funds and just got zapped with the info i am reading now. thanks a ton saint

xman_in · #**1587** 7th May 2008, 06:13 PM

Quote:

Originally Posted by satya_pinku2003

i m thinking if we can go long if it breaks out from this pattern with good vollume knowing weekly is not good

Regards
Satya

satya i can see that today it took support at 33.65, which is good, because the lowest point of the pattern is at 33.55. so if i want to go long, i will keep my stop loss at 33.45/33.50, giving it some space. breakout with a good volume will definetly help to get into this stock.

SMART_Trader · #**1588** 7th May 2008, 09:17 PM

Quote:

Originally Posted by sanjoy_roy

hello Saint Bhai,

Remember, the other day I PM'd you that I had some queries. Well, I thot why not do some combing of our forum b4 bothering you. I can say that most of them have been answered now barring a few. and one of them is --- How does Saint scans the ocean of stocks to find which one has formed the right setup for ENTRY? naked eye or any specific query language?

Hoping that you spot this post and have time to reply.

Thanks in advance,
Sanjoy

Question of the thread !
Saint, If you don't mind sharing it ,I would also like to know that.
I have read some of your posts hundreds of times and I have embedded the wisdom in my brain.Thanks a lot.

satya_pinku2003 · #**1589** 8th May 2008, 09:27 AM

Quote:

Originally Posted by xman_in

satya i can see that today it took support at 33.65, which is good, because the lowest point of the pattern is at 33.55. so if i want to go long, i will keep my stop loss at 33.45/33.50, giving it some space. breakout with a good volume will definetly help to get into this stock.

Hi
Xman does educom, wwil

also have same pattern

Regards
Satya

xman_in · #**1590** 8th May 2008, 10:22 AM

Quote:

Originally Posted by satya_pinku2003

Hi
Xman does educom, wwil

also have same pattern

Regards
Satya

no satya i dont think they are making cup & handle formation. atleast educomp for sure.