I can help you with stock chart reading

[vvonteru]

As I said in earlier replies, you can't define cheap in stock prices. Wait for the market to become better. We will have lot of entries. Wait!!. Waiting is the most importing part of trading in stocks. You have to wait like cheetah waits for its prey. It doesn't pounce until it is certain. We have to do the same.

 

[huineng]

Dear VVONTERU,
Can you kindly give me a TA for Wipro? Thank you.

 

[vvonteru]

WIPRO
--- Picture speaks thousand words. Wait till we see better picture. If you are already in and not stopped out, I will give it a chance till 485.

I have some more charts based on Vijays request.

 

[huineng]

Dear vvonteru,
Thank you for the info on Wipro. Much appreciate your help.

 

[gracec]

Hi vvonteru
a great job indeed!

I have started indulging in the stock market only for a year. It was all the hit and trial after learning from various sites online. I started as trading virtually onlline as well as playing with very little money as school fee. Fortunately didn't loose my money but my most of the profits had gone as commissions.

I read your thread last week and first lesson learnt. Immediately sold 50% of my stocks and booked the profit. Thereafter my most of the stocks were sold on stoploss in last few days.

Only left with Reliance bought @783
sold 50% @832.5

Today read your complete thread and learnt many lessons. Based on that I have chosen Jindal stainless steel to enter.
I have also placed orders to limit purchase
Ultracemco @ 712
BataIndia @ 222
Kindly comment.
warm regards
geeta

 

[gracec]

Hi vvonteru
a great job indeed!

I have started indulging in the stock market only for a year. It was all the hit and trial after learning from various sites online. I started as trading virtually onlline as well as playing with very little money as school fee. Fortunately didn't loose my money but my most of the profits had gone as commissions.

I read your thread last week and first lesson learnt. Immediately sold 50% of my stocks and booked the profit. Thereafter my most of the stocks were sold on stoploss in last few days.

Only left with Reliance bought @783
sold 50% @832.5

Today read your complete thread and learnt many lessons. Based on that I have chosen Jindal stainless steel to enter.
I have also placed orders to limit purchase
Ultracemco @ 712
BataIndia @ 222
Kindly comment.
warm regards
geeta

 

[bamboo]

I am new to this group. But have been trading for 2 years now. I do swing trading. I see lot of posts where they need suggestion on buy/sell. I can help.

Give me a stock. I will tell you what to do - Buy/ Short (I don't know why some one would do now, unless if you are day trading) . Or If you are already in some stock and want to know whether to sell, I can help.

I do swing trading. I like site: http://www.icharts.in/home/ to start with, which I got from this group. Please take a look at: http://www.icharts.in/breadth-charts.html. The market in the hindsight will have a deeper correction (more than a pull back). So, be carefull and have stops.

Hello Sir.,
I am ganesh from baroda.
happy to see ur posts.
I would like to contact you through email..I am also a swing trader but i dunno how to analyse stocks.So i am relying on people who give tips.If u can help me in analysing a stock by myself i will be very grateful to u.I am an engineer and have good analytical skills.And i can grasp things very easily..I am looking forward for ur reply...can i have ur email id please...
My id is [email protected]
just send an email if u dunwant to reveal ur mail id in the forum..
Thank You.
Regards.,
Ganesh.

 

[vvonteru]

Only left with Reliance bought @783
sold 50% @832.5
--- Excellent. Follow on every trade. The key is repeating a theme that U have chosen.

Today read your complete thread and learnt many lessons. Based on that I have chosen Jindal stainless steel to enter.
I have also placed orders to limit purchase
Ultracemco @ 712
BataIndia @ 222
--- Please. I have said in most of my recent replies to look at the MARKET (NIFTY/SENSEX). They are falling as rocks right now. Wait for them to improve. If not, you will be catching a falling knife. Do not make new entries. We will have lot of opportunities

 

[SGM]

Can you plz give some important levels on nifty to keep watch on.
1. 3200
2. 3100 (around 3070)
More importantly, I would look at BSE Sensitive Index. 10,000 is the most important psychological barrier.

Hi,

Ok, as all my postions are closed, and as i don't want to short this market. I wait till 3200, start looking for picks and make the positions by 3100-3070, i.e if i get the prices. At this level what will be the stop loss?, on Nifty or Sensex.

Because, we don't know whether the market is going to continue the downward path tomorrow. Stick with the stops. Let the market determine its next step.[/B]

I think on the upper side i can do the same if markets sustain 3425 on closing. plz gide me if 3425 is the correct level.

Thanks and Regards
Sanjay Mehta

 

[SGM]

a. Look at 5 day chart. I don't know whether you have the tool which shows 5 days of data. In this, use 1 minute time frame.
--
If you want to be 80 % correct, then U will confirm the crossover using 5 min timeframe on 5 day chart.

Hi
This is a Gr8 post on day-trading. Yahoo Finance charts has a facility for 5 days charts. They use 5 min timeframe for the candle/tick. But sadly we may not able to use it for real time trading, because some times, charts on yahoo finance have a time lag of 5 to 20/30 mins. But if some one wants to use it to hone their skills, or maybe try it for paper trading, yahoo charts can be helpful as they are available for free.

Regards
Sanjay