Hi Saint/TFL/All senior members
I am new to the forum. I am watching with interest and trying to understand but not able to put into practice the knowledge provided by all the members over here. The thing is I am unable to analyse some of the whipsaw actions of the stocks and why it is happening i.e.
when I get into live price of different stocks I get puzzled a bit.
On day 16/09/09 I was looking at the prices of BHARTI, DLF, CENTURY, LITL
Out of the 4 above, Bharti was on downtrend, DLF/Century was on uptrend and LITL was almost stalemet for entire day. ( Index up over 200 )
Again on 17/09/09 I have seen a lot of swings in LITL , sesa goa , SAIL.
I am technically unable to justify the movement of LITL from 430 - 474 and then back to 457. Same with Sesa Goa 262 - 270 - 260 - 268
Let me know how to study as well guage the intra-day trends in all these
shares as well as how to gauage the reversal and retracement.
What to expect in all these shares over the next few days?
This may sound like spoon feeding but if I can understand a few stocks like this I should be able corelate my reading into the technical analysis very well
So pls let me know on these 2 stocks with charts.