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

bvpraveen · #**451** 8th September 2006, 11:11 PM

Amit,

Every peak is a possibility for drawing resistance level. Similarly every low is a possibility for drawing support level. So there are literally n number of support/resistance lines.

We need to find the support/resistance lines that "connect" more no. of low/highs. The more points they connect, the more strong and reliable, they are. Thats it.

Hope this helps,
Praveen.

P.S: I'm a learner, and I guess I've not written any thing wrong. Replied with my little knowledge gained.

bvpraveen · #**452** 9th September 2006, 10:43 AM

Quote:

.....So that these silly doubt's may not spoil the flow of that beatiful thread ,Teach a man how to fish... ..

Its regarding posting the doubts that arise in the thread : "Teach a man to fish..".

But dont we lose the context where we are, if we post the questions in different thread?

Just my opinion.

Praveen.

gobatman2001 · #**453** 10th September 2006, 12:08 PM

Quote:

Originally Posted by bvpraveen

Amit,

Every peak is a possibility for drawing resistance level. Similarly every low is a possibility for drawing support level. So there are literally n number of support/resistance lines.

We need to find the support/resistance lines that "connect" more no. of low/highs. The more points they connect, the more strong and reliable, they are. Thats it.

Hope this helps,
Praveen.

P.S: I'm a learner, and I guess I've not written any thing wrong. Replied with my little knowledge gained.

Hi! Praveen,

Thanks for taking the time to reply. Appreciate it!

Thanks & regards,
Amit

Saint · #**454** 11th September 2006, 09:43 AM

Quote:

Originally Posted by gobatman2001

Hi! Saint,

Many many thanks for your reply. One last query on Resistance levels (I hope)

Attached is a chart of APIL on which I have drawn the resistance levels for a short term point of view.

I have used the line chart since it's easier to the eye to identify the levels.

I would be grateful if you could please have a look at the same and please let me know if I have drawn the resistance levels correctly.

Also, if you could please reply to the questions that are on the chart.

I can't thank you enough for all the help, Saint.

Warmest regards,
Amit

Hi Amit,

Just a chart to add to Praveen's answer.....

Self explanatory.Any queries,do ask.

Saint

gobatman2001 · #**455** 11th September 2006, 11:13 AM

Quote:

Originally Posted by Saint

Hi Amit,

Just a chart to add to Praveen's answer.....

Self explanatory.Any queries,do ask.

Saint

Hi! Saint,

Based on the chart that you have provided, I have drawn some resis levels on the ZUARIAGRO chart. Attached is the same for your ref.

I think I am getting closer home. Whenever you have the time, please do have a look at it and let me know what you feel.

Thank you! Saint.

Warmest regards,
Amit

P.S Till I get a hang of the resis & support levels, this is only for educational purposes.

Saint · #**456** 11th September 2006, 12:12 PM

Quote:

Originally Posted by gobatman2001

Hi! Saint,

Based on the chart that you have provided, I have drawn some resis levels on the ZUARIAGRO chart. Attached is the same for your ref.

I think I am getting closer home. Whenever you have the time, please do have a look at it and let me know what you feel.

Thank you! Saint.

Warmest regards,
Amit

P.S Till I get a hang of the resis & support levels, this is only for educational purposes.

Getting better by the minute,my friend......great going!

Saint

gobatman2001 · #**457** 11th September 2006, 01:14 PM

Quote:

Originally Posted by Saint

Getting better by the minute,my friend......great going!

Saint

Hi! Saint,

Is it okay with you if I attach a couple of more charts. Once you give me a Go Ahead, then I could look at trading.

Thanks & Cheers,
Amit

Saint · #**458** 13th September 2006, 02:49 PM

Another pattern that does the trick,more so in the Indian mkts ,again and again is the pattern described below.Trading failure patterns was oh!so sweet in the US markets,trading trends is the key to the markets here.But as all speculation is,and gets,......sometimes things get a bit overdone.

Have a look at the pattern given here...........very useful for the markets here!

http://www.stockcharts.com/education...ysis/barr.html

All the best!
Saint

gobatman2001 · #**459** 14th September 2006, 08:56 AM

Quote:

Originally Posted by mfire

Dear Amit
You have a great thing by making available the important posts. I am unable to download this file due to some browser problem. I am trying this from 3/4 days. Is there any other way to get this important file. My email address is mifre@*********.
Thanks in advance.
Mohan Agnihotri

For all those having problems downloading from **********, you may download the file from the following link:

http://www.mediamax.com/gobatman/Hosted/Saint.zip

On the left hand side at the top of the page, you need to enter the password: amit2006 and click on Go to download the file.

Please do not type anything for Username & Password on the Right hand side at the top of the page.

rushtosrini · #**460** 14th September 2006, 06:47 PM

saint you deserve for the word saint...........
and your work deserves standing oviation.........
srini

The Following User Says Thank You to Saint For This Useful Post:
Dhanya (4th August 2008)