Doubt Relief !!

[murthymsr]

Re: Vikas WSP

Murthy
Interesting comments ... but can u corroborate with some charts or examples.

TA says that all consolidation patterns show a decline in volume, before the original trend (up or down, as the case may be) resumes. See for example chart of Kamat Hotels (attached) where volumes dried up gradually over a 6 mth period after Dec 03, before the uptrend resumed

So IMHO such declines (if confirmed as consolidation patterns) are ideal periods to accumulate !

AGILENT

hi agilent & others,

the problem posed by a makri is NOT a case of TA, but is a case of delisting. this is a case when volumes decline preparatory to the stock not being traded at all/stock being delisted. this is often the case with very thinly traded stocks.

the question posed by makri is about a stock delisted. i feel TA may not be applicable in this & other cases where the volumes decline to very thin levels, preparatory to reaching nil.

you may read makri's post before reading my post.

anyway, thanks for response.
murthymsr

 

[Saint]

ahh,Karthik,back in action after a really long time......thanx Anupama for getting him back on active duty.

Those who have questions from fundamental or technical perspective,from stock or market perspective......this is the man for the job.

Looking fwd to more doubts getting relieved.

Saint

 

[karthikmarar]

Hi Saint

Thanks for the encouraging words. Thanks to murthy and Raj also. Although this does not seem to be right time to revive this thread. Like you said It is time to take a holiday for the short to medium term traders. I am making use of this time to catch up with my reading.

Of course I do visit the forum to read some selected posts esp. PK's and NK's who are coming up with some excellent posts. It is also amusing to see many posts with their I told you so attitudes I told in April about the big correction, I told in March.. blah.blah Yes Even I was predicting a big correction form the time sensex was in the 9000 region. I told you so..

Even the chart room, which used to be full during the bullish times, is deserted. Time to dust my martin pring and steve Nison ahhh the old book marks are still there.. so happy reading for me..

Warm regards

Karthik

 

[Saint]

It is also amusing to see many posts with their I told you so attitudes I told in April about the big correction, I told in March.. blah.blah Yes Even I was predicting a big correction form the time sensex was in the 9000 region. I told you so..

Yes,Karthik,well said.....the need for people to be right is greater than the desire for profits.The need to tell one's neighbour that they sold at the absolute top or bought at the absolute bottom is sometimes a greater urge than the systematic pulling out of money from the markets in both trends.

But they do add to the humour value of the forum........it's great to sit back and have a good laugh.

Meanwhile,let's make our profits........


All the best!
Saint

 

[murthymsr]

................
It is also amusing to see many posts with their “I told you” so attitudes… I told in April about the big correction, I told in March.. blah.blah… Yes Even I was predicting a big correction form the time sensex was in the 9000 region. I told you so..

Karthik

hi karthik & saint,

on a lighter side, please read (post No: 63) :

http://www.traderji.com/general-chit-chat/5085-think-over-2.html



thanks for your time.
murthymsr

 

[Saint]

............To this the astrologer replied, "It's nothing but a Contingency Paln, you know!
Those days I used to write a boy's Horoscope and was keeping it under the eastern end of the roof,
and a girl's horoscope under the western end of the roof. I was changing the horoscopes every few hours
and it WORKED."

We come across such persons with contingency palns in all walks of life.
In politics, we find the wife and husband will be in two popular parties.
Whatever be the election result, power will be within their home.

And in trading too.
With bull-runs, bear phases and sideways movement, basically markets exhibit a cyclic pattern.
May be some people are more aware of this than many.
Any statement is true, if not today, some days later.
Make a statement, wait, and when it becomes true, give publicity and take credit.

The average investor is more likely to fall prey to such theories.
Tip givers focus more of their good picks and conceal their wrong selections.
Don't accept their analysis, as it may be filtered. Do your own study, even if it is time consuming.
Read all his other English first and if convinced about the person's intentions, then only,
look at the stock names suggested by him.

Most of the tip- givers will not trade themselves ! why?

Think it over !

murthymsr

hahahaha murthy,bang on target,hitting the nail on its head as always....

 

[pkjha30]

Hi Saint

Thanks for the encouraging words. Thanks to murthy and Raj also. Although this does not seem to be right time to revive this thread. Like you said It is time to take a holiday for the short to medium term traders. I am making use of this time to catch up with my reading.

Of course I do visit the forum to read some selected posts esp. PK's and NK's who are coming up with some excellent posts. It is also amusing to see many posts with their “I told you” so attitudes… I told in April about the big correction, I told in March.. blah.blah… Yes Even I was predicting a big correction form the time sensex was in the 9000 region. I told you so..

Even the chart room, which used to be full during the bullish times, is deserted. Time to dust my martin pring and steve Nison… ahhh the old book marks are still there.. so happy reading for me..

Warm regards

Karthik

Hi karthik

I was listening to this story since sensex was at around 6000. Now I am listening to the theories of why it ultimately happened. Already two years have passed when desi FROGs were croacking. Nobody timed the market. I think many would not have anticipated this rise and was left out on the margins because of their belief that sensex is overvalued. They are yet to come to terms with india's economic importance on the world stage. Now they would like to enter it but may be they want what they think is a reasonable valuation. As you know if one has big money it is not so difficult to move market.

Somehow I feel this whole drama that foreign money is moving out more from India than from anywhere else is just a way to keep negative sentiments at right level otherwise people may realise what type of money is moving out and that economic growth story is still intact.

I don't beleive the fortune tellers in the garb of analyst and tipsters.
What Murthy and you said is absolutely correct.
Pankaj

 

[pnbalaji]

Re: Vikas WSP

hi makri,

please check up if the stock is listed in any other regional stock exchange, if so, you may come out soon by booking profit/losses.

murthymsr

Hi Murthy,

One question. If the stock is listed in any other regional stock exchange, is it possible to sell it there?. If that is the case, we should be able to sell a stock in BSE which was purchased in NSE, right?.

Thanks,
Balaji.

 

[murthymsr]

Re: Vikas WSP

If the stock is listed in any other regional stock exchange, is it possible to sell it there?.

If that is the case, we should be able to sell a stock in BSE which was purchased in NSE, right?.

Thanks,
Balaji.

hi balaji,

yes, it is possible to sell the stock in another stock exchange, where it is listed, provided the stock is credited into your GMAT account. other exchange may follow a different trading cycle.

you can buy at NSE & sell at BSE or vice cersa, again to be credited into your DMAT account. arbitrage trading is based on this mode of operation when price differences exists. many not be suitable to small investors.

if your broker doesn't deal with that exchange, you may use the Transfer slip & sell through the some other broker.

other more knowledgeable members may supplement/correct me as required.

murthymsr

 

[Sai]

Hi,

I read a post on this forum some time back, and have been thinking about it since. I bring it back for discussions to the august forum.

When you put a stop loss on a particular script, it might close above the S/L level on particular day, but open much below the S/L level the following trading day. What is to be done in such cases? What precautions can one take to prevent this from happening?

I should tell about my background here. I am a NOVICE, my only knowledge of the share market is reading posts on traderji

Looking forward to your comments

Thanks and regards