BSE Metal Index Begins NEW Uptrend
The BSE Metal Index seems to have begun a new uptrend (see attached chart).
Below is a list of stocks that are constituents of this index with their Relative Strength ranking.
Security Name Rank
Jindal Stainl 54
Welspun Gujarat 41
Guj NRE Coke 30...
Relative Strength Ranking updated on 28th June 2005
(arranged in descending order of rank)
Please see attached pdf file.
You can use this information to select stocks to BUY after the correction/pullback is over.
Most mid-cap stocks are in a correction after the heady rise over the last few months.
You could however wait for this correction in the mid-caps to be completed before adding more stocks to your portfolio.
As traderji has mentioned many times before in this forum that the markets are not predictable except in the most general way.
In his book, Methods of a Wall Street Master, famous trader Vic Sperandeo, whose nickname is "Trader Vic," warns: "Many people make the mistake of thinking that...
Some Indian Mid Cap stocks to consider
With the CNX Mid Cap Index touching a new all time HIGH here are some mid-cap stocks for readers at Traderji.com to consider for investment.
INDO GULF FER
RANE ENGG VAL
To help members of traderji.com select the best stocks to go long in the current upmove, attached please find the relative strength rankings of all major indices and stocks.
What is Relative Strength?
RELATIVE STRENGTH IS NOT RSI, (or Relative Strength Index).
Relative Strength is a measure...
In order to be a successful trader, you must understand the true realities of the markets. Most traders indulge in trading only to lose a substantial portion of their capital and then leave trading without ever having a correct perception of what good trading is all about.
Stocks generally go through two dominant phases: range expansion & range contraction.
Range contraction is also referred to as congestion or consolidation. It is a constricted price are where the stock will trade for a period of time. A good example of this is the symmetrical triangle...
You can read the entire article with chart examples on or website at http://www.tradersedgeindia.com/multiple_time_frame.htm
Those of you who may be interested in reading about trends in different time frames can visit http://www.tradersedgeindia.com/trend_is_your_friend.htm