I can help you with stock chart reading

[kuldeep49]

Thanks Vvonteru. My query was how much upside do you think there is left in this stock in the short term? If you look at your chart, in MACD, the fast line crossed the slow one from below around 20th April giving the first buy signal. This was after a breakout and then testing of its previous resistance level. At this point if one had bought the stock, there was a profit of about Rs. 15 on a an entry price of around Rs. 45 or so. So the question is that when the stock has already generated a windfall profit in a short period, how much more can one expect? Suppose one buys and the stock goes and gets stuck in its next trading level as it is bound to do so. Why, because NOIDATOLL is a stock that historically jumps from one trading range to another based on news and quarterly/annual results.
Regards

 

[vvonteru]

Thanks Vvonteru. My query was how much upside do you think there is left in this stock in the short term? If you look at your chart, in MACD, the fast line crossed the slow one from below around 20th April giving the first buy signal. This was after a breakout and then testing of its previous resistance level. At this point if one had bought the stock, there was a profit of about Rs. 15 on a an entry price of around Rs. 45 or so. So the question is that when the stock has already generated a windfall profit in a short period, how much more can one expect? Suppose one buys and the stock goes and gets stuck in its next trading level as it is bound to do so. Why, because NOIDATOLL is a stock that historically jumps from one trading range to another based on news and quarterly/annual results.
Regards

Good analysis. Thats what my objective was. To provide a list. Then, we all analyze it. Come up with the best, that we agree upon. If we don't agree, we have a choice. Either go for it or skip it, feeling there is a reason not to. As I said always, when in doubt (even an iota), leave it. Its like leaving a ball while batting in cricket. Just choose the best one to hit. Leave the bad balls.

On Ur analysis, I see about the jump. It made almost doubled in the matter of a month. Can it sustain. Probably not. Will it be in a trading range? Based on the pattern, looks like it has more chances for it to be in a trading range. The current pattern looks different. It has lot more momentum then previously. It made 100% jump. However, as I said before, can it sustain? May not. So, lets skip it.

 

[kuldeep49]

Thanks vvonteru. Its nice to know that my reading seems to be on track.

 

[babun]

Hi vvonteru,

How are u?

I am enclosing EOD chart of Ashapura Minechem. I don't know whether this scrip is already discussed. Will it be a good buy on a pullback?
Fundamental wise, non ferrous metal sector is bullish and this company has posted good result.

Regards,

Babun

 

[vvonteru]

Hi vvonteru,

How are u?

I am enclosing EOD chart of Ashapura Minechem. I don't know whether this scrip is already discussed. Will it be a good buy on a pullback?
Fundamental wise, non ferrous metal sector is bullish and this company has posted good result.

Regards,

Babun

The chart looks good. The stock is in overbought condition. Wait for pull back to enter.

 

[vvonteru]

Stock Entries:
The market has been up 7 days in a row. Still waiting for a pull back. If we go in, we will be entering at overbought condition. If we don't go in, we might miss the move. Do we? I was looking at my previous scans. Most of them are still in pull back mode. Thats the surprising part. Stocks are pulling back. But, the indexes are up. Only Metal index is in kind of pull back mode. Banking index is 1 day down. On further pull back, we can look at couple of bank stocks identified before. I have 2 metal stocks for entry. To be on conservative side, U can avoid entries in other sector stocks.

Hindustan Zinc Lmtd - I like this better. I am putting the stop Rs170 more. I don't want the noise to get it. I would get out on a loss of Rs 100 (Rs970). But, there should be atleast 2 decisive ticks. Use discretion on the stop based on Ur confortability.

Madras Aluminium

 

[drvksuri]

can u let me know about following sripts-how do u rate them on technical analysis
numeric power system
apw president
international combusion
elgi thread
kale consultants
elegant marbles
guj apollo equipments

dr suri vk
[email protected]
phone-09827160909

 

[xtiger]

Stock Entries:

Hindustan Zinc Lmtd - I like this better. I am putting the stop Rs170 more. I don't want the noise to get it. I would get out on a loss of Rs 100 (Rs970). But, there should be atleast 2 decisive ticks. Use discretion on the stop based on Ur confortability.

Madras Aluminium

vvonteru, what will be the entry for Hinustan zinc. Is it 1070 or 1007 ?

 

[harmads]

Hi vv..

I would appreciate if you could give you opinion on the following scrips at current prices for long-term holding..

1. Bharti Televentures
2. RCoVL
3. Tata Power
4. Tata Motors
5. Maruti Udyog

Thanks & regards

 

[vvonteru]

vvonteru, what will be the entry for Hinustan zinc. Is it 1070 or 1007 ?

I purposely did that. Yesterday's tick did not have a lower low. So, I wanted it to test day before yesterday's tick. U can go with yesterday' low. There is no right or wrong. It is just that if U think nothing has happening (no profit taking effect) with the current day's tick, U buy above previous day's tick.

I didn't get the data feed for current day. I see on the web that it has lost some points. We need to take a look at it as well as the index. I will have another post on it.

Others
-- I will get back to U.

Quickly on some stocks I already know/was looking at them in the scan.
RCVL - This is good stock to enter. I was looking for it to pull back a little more for entry. So, far no, just like the market. But, if it does pull back, I will strongly recommend this stock. About long term (if that means, U don't care what it does in the next 30 days), I will recommend this stock to enter. I am getting interested in new issues. Ofcourse, those have to be trending. I remember see some in my scan. I will look at it again.

Maruthi - This looks good. It is at inflection point. We don't want it go below this level. It has a resistance around 930/940. It is in perfect setup. Go long at 955 or to be on safe side at 960. U know, I just looked at on the web. It has already gone above 960 to 964. Now it is Ur call. If U do enter, Ur stop will be in 930/940 area. What I like about this stock is, it is making a move after testing 3 month consolidation.

Tata Motors - Today, it broke out of the trading range. If U are a break out player, this is Ur point. If U are like me, I would wait for pull back to enter. We are looking for it to do just like Maruthi.

Bharthi televentures - This stock is going in a channel. This channel is reducing to form a triangle. At the end of triangle corner, its up or down. Looking at the trend of the stock, it should go up. In the mean while, if U want to enter this stock, enter when it touches the lower channel. But, I would avoid this stock due to 1 reason. No momentum. In the last 3 months, this stock went Rs 40. That too, in a channel.

Tata Power - 50 day EMA acted as the support. A new trend is forming. Enter above 575. On the safe side, wait for MACD crossover to happen. Ofcourse, this may mean for the stock to take out 575 or 585 level.

HarmadS - Good to have U back. How is Ur portfolio. Do U see a increase in comparison with the market. Can U provide some input on that.