I can help you with stock chart reading

[vvonteru]

Hi VV,

Please share your views on 3iinfotech.

It has cleared prev higher high at 175 and vol is also building up. Also it have crossed Support at 166 level yesterday.

Would appreciate you point of view.

And congrates on completing 1000 posts

Rgds

Thanks.

Looks good. Look at the weekly chart for entry and stop due to the sideways action in daily. I think entry should be CMP.

Other way for entry based on daily is to use MACD crossup. We need this if a pull back turns into short term sideways action.

 

[Raju]

Sterlite Industries Ltd.(STER)

Hi VV,

Please share your views on Sterlite Industries Ltd.(STER) on NSE
(Resistance/Support Levels ?)


NSE Data of Sterlite for today ...
Total traded quantity
3970767

Turnover in Rs.Lakhs
18423.96


Thanks in Advance,

Raju,

 

[vvonteru]

Re: Sterlite Industries Ltd.(STER)

Hi VV,

Please share your views on Sterlite Industries Ltd.(STER) on NSE
(Resistance/Support Levels ?)


NSE Data of Sterlite for today ...
Total traded quantity
3970767

Turnover in Rs.Lakhs
18423.96


Thanks in Advance,

Raju,

Went above previous resistance at 450. Watch 450 for support. 550 and 600 resistance.

 

[mansukh]

hi vv, thanx 4 ur suggestions earlier.

Can I consider Entering ExideInd today (7th sep)?
Can I take position in Classic now? Waht is the future perspective?

 

[vvonteru]

hi vv, thanx 4 ur suggestions earlier.

Can I consider Entering ExideInd today (7th sep)?
Can I take position in Classic now? Waht is the future perspective?

Entry into Exide Ind should be ok. Do not compromise on Stop Loss. Reduce position size instead.

Classic looks ok right now after minor sidways action. U can enter at CMP or wait for MACD cross up.

Pros: Good trending stock with better price action.

Cons: U can see from the chart that it is overextended. It might get corrected to test 50 day EMA.

If U have questions on what approach to take, just choose one. Stick with that approach when similar situations arise.

 

[rinv]

VV,

I did some analysis on the MACD, MA crossover, MA for Ansal Infra and have invested at 465. It has been slightly volatile since then. Could you let me know what you felt on reading the technicals and how it may look in future.

Also, share your views on NDTV.

Thanks
RInv

 

[vvonteru]

VV,

I did some analysis on the MACD, MA crossover, MA for Ansal Infra and have invested at 465. It has been slightly volatile since then. Could you let me know what you felt on reading the technicals and how it may look in future.

Also, share your views on NDTV.

Thanks
RInv

500 is the resistance. I woudn't lose hope at. Once U put a position, stick with it using a stop loss. Unless U have preset conditions that will tell you to take out the position prematurely. And U follow these preset conditions always.

NTDV
-- Price action strong. 7 Weeks in a row up. Volume was low during downslide in May, an exception. Since then, volume has been increasing. Very good pick.

 

[harmads]

Hi VV

In Telecom sector Bharti & RCvL are doing well. Is it right to enter at current levels for a long term perspective or should wait for a dip. Do you think these companies will give good returns if bought this level.

In Auto sector, both Maruti & Tata Motor are climbing up without a slowdown and my wait for a dip is becoming a bit damp. So you think they can be bought at this level for a long term perspective and still they will give good returns..

Will appreciate your comments

 

[kenneth]

Entry into Exide Ind should be ok. Do not compromise on Stop Loss. Reduce position size instead.

.

Thanks VV

Look at Exide Ind at @ 380.65 BBT is 375.40 chandilier stop 342.40 which is below the support 345.50
If one has taken a position in the morning How he should trade?

Ken
Follow Up
2:53 PM Price 378.45 Chandilier stop has moved up now 368.4 on hourly charts
3:30 Pm Price 390.00 Chandilier stop has moved to now 378 on hourly charts

 

[kumar7]

Dear VV: Media Video Ltd.

Dear VV,
.
I'm interested in Media Video. It is a low equity play (1.5 crores) and moves in spurts. Warning: one can get stuck in it or strike gold, hence requires great patience. But it is also a real state play, which will be included in the balance sheet for the first time in the june quarter (the results are yet to be decalared!). Charts are in general ok, but recently the volume---and the price---has been increasing consistently. I think it's worth putting some money in it for long term.

Can you, please, take a look at its charts (I do feel it is not a technical play at the moment).

Thanks,
Kumar