Analysis of charts - discussion share ur views

[vishalalluri]

IMHO, some operator is dumping his shares. Look at the volume. Its ultra-high. the spread on the bar is wide. Similar bars occur also occur when a bullish operator is pushing up through supply/resistances. But, in those cases, there is a single bar that is pierces the resistance.

Also, 2 bars earlier (27 Nov 2009), we have what is called a failed test of supply. Observe the volume. For a successful test of supply, the volume should be low. One should now expect one of these:

• Upthrust, over one or two bars.
• Immediate wide spread down bar
• Narrow-spread up-bar

Ideally, one should not enter until its volume is assessed on a down day. However, since the floating volume of this very low, it would be advisable to stay away from such pump-and-dump low-volume scrips.

Thnks bunny that was informative

 

[bunny]

Re: Analysis of charts - discussion share ur views [SUZLON]

Observe the second last bar (marked). The spread of the bar is very narrow and the volume is high. This is definitely distribution. Perhaps soon, we will have business channels screaming about some another problem about SUZLON.

Observe that before the last few bullish bars, there is no test-of-supply.

 

[bunny]

Re: Analysis of charts - discussion share ur views [AREVA-TD]

Observe the 3 bars marked with blue arrows. These are high-volume, wide-spread up bars that close well off their highs. These are upthrust. Its an important sign of weakness. Between the last two blue arrows, there is a red arrow. The the bar by itself is one fo successful test of supply. But an upthrust bar appearing so immediately after that is a concern.

 

[bhavesh_gelani]

Agreed Bunny
They will misguide all the time investor and trader.
If they all are master, why they didn't trade ????

Bhavesh Gelani

 

[Gandhi710]

How BHEL is looking on the charts? Any Idea

 

[sekharjchandra]

Hi Vishal,

Can we check 60 min charts of historical data in chartnexus software? Sorry for posting nonrelated query in this thread.

 

[Sunny1]

hi vishal,

can we check 60 min charts of historical data in chartnexus software? Sorry for posting nonrelated query in this thread.

no , you cant.

 

[vishalalluri]

hi everybody,

firstly i wish all members of traderji a very happy and prosperous new year with more gains with the markets

due to dfferent reasons i have not been able to particpiate regularly in the markets but have done some positional trading .
MIssed a lot the whole trading sessions as i have joined my first job and my
work timings dont allow me to trade , but succesfully have made 2000 bucks with a trading capital of 10000 in 3 weeks ,not great but very satisfied and now
would actively start up .
One thing i realised was for jobbers just picking up positions when markets see some 100,150 points correction and wait for a quick 5/6 bucks is very much possible .

Markets dun go nywhere hey will always stay with us

 

[bunny]

Hi Vishal, welcome back!

 

[rajputz]

hi vishal...looking farword for more charts from you.....