I can help you with stock chart reading

[vvonteru]

1) Hindustan Sanitryware
It was a big move from 110 to 170, it is staging for now. No entry till it moves above 170 decisivly and pulls back. If U are already in, hae a stop at 140 or 145.

2) Sesa Goa
About the same. Successfully tested 50 day EMA at 1180. Its digesting run from 1100 to 1350. Need some fire to go up. Or else, its going to stage before next leg up. No entry now until it takes out 1380 (exclude noise) and pulls back. If U are in, have a stop at 1150 (hoping U are in profits already).

 

[SGM]

--- Looks like U are too anxious. U don't want to lose money. But, having stop at 195, U are saying to the market, I can't take this tension. Please hit my stop and save me from the pain.

Thanks a ton vvonteru,

You have hit the nail on the head.

Will square off the position today, will consider it as a Position Sizing Stop Loss, Back to the basics of Money Management for me.

Its a Lesson Learned.

Best Regards
Sanjay

 

[vvonteru]

Thanks a ton vvonteru,

You have hit the nail on the head.

Will square off the position today, will consider it as a Position Sizing Stop Loss, Back to the basics of Money Management for me.

Its a Lesson Learned.

Best Regards
Sanjay

No problem. We do it all the time. Its a journey. We will all be there sometime.

I am attaching some charts. I am not suggesting an entry. Its just from study point of view.

 

[rvgandhi]

No problem. We do it all the time. Its a journey. We will all be there sometime.

I am attaching some charts. I am not suggesting an entry. Its just from study point of view.

VVonteru.. you have a great command over the charts and FCharts in particular.. Am hoping you can run a thread on how to use FCharts

Thanks for the great education!!

 

[jntrade]

Hi jntrade
reading this thread i have also downloaded the fchart, but finding it very difficult to load the data, could u pl guide me on this "Nse data by datra extracter by Satya".
and sorry to all for inturrupting this beautifut thread.

thks rgds
gopii

Hi Gopii,
this is the link to dataextracter:-
http://www.traderji.com/30529-post129.html
U can find more information on how to use it in the thread itself:-
http://www.traderji.com/software/2886-nse-dataextractor-fcharts.html
Enjoy it!
JN

 

[SGM]

No problem. We do it all the time. Its a journey. We will all be there sometime.

Hello,
Got 202 for ITC, Feel a huge load off .....
Mrkts Range bound, for now.....
Regards
Sanjay

 

[jntrade]

Hi vvonteru,
If I asked u how u got sector data,do u think I am lazy!?

Like google's chart can we attach news to fcharts?
thanks and regards,
JN

 

[rvgandhi]

Vvonteru,

Can you please take a look at the charts for Uttam Steel (Uttamstl.NS) and advise on its formations.

While the rest of the steel sector is going great guns... this one seems to be taking it's time to pick up momentum.

 

[vvonteru]

Vvonteru,

Can you please take a look at the charts for Uttam Steel (Uttamstl.NS) and advise on its formations.

While the rest of the steel sector is going great guns... this one seems to be taking it's time to pick up momentum.

Look at 5 year chart. It is stuck in downtrend. Switch to better ones.

About sector data, I can give U (give me some time). But, I wouldn't rely on it. I rather use the following links to read sector charts.

1. http://charting.bseindia.com/charting/index.asp
2. http://www.ndtvprofit.com/bb/default.asp?Pass=Automobiles (I wish they had provided better charts. Probably we can request them either to display good sector charts or give us data)

 

[vvonteru]

We have 2 days pull back (if consider friday's as 1). I have some from scan. I was getting some cement and steel stocks. Here they are:
1. ACC
2. DALMIACEM
3. JSTAINLESS
4. JSWSTEEL
5. BAJAJAUTO (AUTO)
6. ZUARIAGRO (FERTILIZERS)
7. KESORAMIND (Tyres sector)