I can help you with stock chart reading

[pnbalaji]

Hi Vvonteru,

Is it possible to for you to provide values for this page to screen some stocks based on technical indicators for STRONG BUY?.

http://stocks.dlngroup.com/india/process_query.php

Thanks,
Balaji.

 

[vvonteru]

Hi Vvonteru,

Is it possible to for you to provide values for this page to screen some stocks based on technical indicators for STRONG BUY?.

http://stocks.dlngroup.com/india/process_query.php

Thanks,
Balaji.

This is a good scanner U can use. Lets see what we want based on the market.

1. 52 Week high
2. 3 days lower
3. Price between(User specified, in Indian Rupees(Rs.)) 100 - 5000
4. 10 day simple moving average above 20 day sma Yes
5. 20 day simple moving average above 50 day sma Yes
6. 50 day simple moving average above 200 day sma Yes
7. Volume between(User specified, in 10000 multiples) 10 - 100000

Other Indicators I would Play with:
1. Price Changes
2. Price closed above 10/20 day moving averag (instead of crossovers)
3. Volume changes
4. MACD
5. Support Resistance levels

 

[pnbalaji]

Yeah. I came across this site when I was just browsing the net. The site looks good to me and the scanner based on technical indicator also looks good. If a person doesn't have a scanner software, he can use this web based scanner.

Thanks,
Balaji.

 

[vvonteru]

Hi vv,
Thanks for ur suggestions.
It helped me so much.

I find index data here:-
http://www.nseindia.com/content/indices/ind_histvalues.htm
when it displays result there is a link in the bottom to download it into csv format.
It has date,open,high,low,close format.Date has to be changed to suit.
It is a long manual process.
--------
and guys,
http://www.nseindia.com/content/corporate/corpinfo.htm
when stocks suddenly falls and surprises U,check the above link.
In future U can search for what happend to ur scrips and aviod heart attack! ..
JN

Thanks for the links. This is what we can do by sharing. Isn't that amazing!! It would be nice if we have a page full of links (suggested software, data links, sector info, online scanner etc) provided for new members. It may even work for old members (who are wandering) too. What U say? Traderji (R U There?), do U agree?

Czar & mahmeds2000
I will get back to U guys

 

[urcoolpal]

Hi vv,
Gion thru ur thread since last few days. Found it interesting and informative.

Curious to know about my hold on ITC @ 196.50; CMP 201.40. Should ITC be on a hold list for now or should i release it.
And also on SANGAM INDIA @ 82.00; CMP 85.00.
Waiting for ur recommendations on the same.

Thanx in advance
coolpal

 

[vvonteru]

Czar
--- Siemens ended above the neck line. When I say test the neck line, I am expecting a pull up. U don't want to short when it is going down. It is already down. Whom are going to sell (short) it too? So, we need couple of up days. Right now, it is above neck line. Lets wait for another day to see if it is just noise. But, why are U bent upon shorting. The market is shooting up. Why don't U go Long. I will recommend some.

Hi vv,
Gion thru ur thread since last few days. Found it interesting and informative.

Curious to know about my hold on ITC @ 196.50; CMP 201.40. Should ITC be on a hold list for now or should i release it.
And also on SANGAM INDIA @ 82.00; CMP 85.00.
Waiting for ur recommendations on the same.

Thanx in advance
coolpal

ITC
--- Sometimes, it takes a while to develop a trade (specially this happens when market is questionable. This happend in the last 7 days). Its just not pull back and go up. U entered correctly. When U entered, U might had a stop where U thought U would get out. Did it hit? I would suggest a stop at 180. Given some momentum (market is moving as expected now), U should see improvement.

Sangam
--- Again, U entered correctly. U just entered right!! Take note of 90 resistance.

 

[kuldeep49]

Hi Vvonteru,
Your take on Coromandel Fertilizers and Suryajyoti Spinning Mills. Charts attached. Are they coming out of a pullback & a rally on cards probable?

 

[mtayal]

Hi Vvonteru:

Thanks for your wonderful advice. Would appreciate if you can comment on following.
Crompton Greaves Close : 1052, SL 1032 Target 1251
Deccan Chronicle Close : 485, SL 460 Target 555
RKForge Close : 143, SL 140 Target 174

Thanks
Mahesh

 

[vvonteru]

Entry for Tommorow: Reliance Industries
Pattern: Acceleration & Pullback
Position Size: 100% (of what U normally trade)
Entry, Exit, Profit: Look at the chart.

 

[vvonteru]

Coromandel Fertilizers
Its a good stock. But is less volatile. It took 1 month to cross 10 rupees (which is ofcourse 10% of the stock value). It takes its own time to come out. Next step for it is to come out of the pull back. For better understanding, look at 1 year and 5 year chart. Just cruise along.

Suryajyoti Spinning Mills
This is a new stock. There is nothing TA analysis can tell.

Crompton Greaves Close : 1052, SL 1032 Target 1251
Tricky entry with so much noise. SL 1025. Target 1200 is better considering immediate resistance

Deccan Chronicle Close : 485, SL 460 Target 555
SL 425 . The only thing stopping this is the upward trend line. It is all over the place. try to avoid entry.

RKForge Close : 143, SL 140 Target 174
Enter at 152 (broke new trend line. testing old one). If it survives 140, use SL 140.

U are putting SL very close. U are choosing stocks that have lot of noise. They will hit Ur stop easily. Reduce Ur position and increase Ur stop. Applies to first 2 stocks.