I can help you with stock chart reading

[vvonteru]

Hi VV,

Can you please do me a favour by following the steps below?.

1. Open the site www.buzzingstocks.com.
2. On the left side, click on Stock Search/Screener.
3. In the text field, enter the query "SMA7>SMA13 AND SMA13>SMA50".
4. The results of the query will be displayed below with the recommendation.
I could see that some of the stocks listed are with "STRONG BUY"

Can you please comment on how reliable this info, may be with your own method of analysis.

Sorry to bother you, but I am still learning the basics of TA.

Thanks,
Balaji.


Thanks,
Balaji.

They are looking good. Bucking the market trend. If U want, I can give U such list to too. But, don't buy now. Give respect to the market. It is in downtrend. If U just buy stocks, step aside. If U can short, go ahead. But, don't buy it now. What U can do is, keep the list of these stocks and come back to them once the market bottoms out. I saw couple of articles from Fund managers saying the market should bottom out now. They are really feeling the pain. They will say anything to save their _ss. Disregard the news and just look at the chart. Bottom! NOT AT!!

 

[abhishekdaaga]

Hello sir I hav RNRL @ 30rs & want to enter GALLANTT can i enter?? & @ what levels?? DO u hav Y! messenger mine is [email protected] plzzz ping me...

Regards

Abhishek

 

[vvonteru]

Hello sir I hav RNRL @ 30rs & want to enter GALLANTT can i enter?? & @ what levels?? DO u hav Y! messenger mine is [email protected] plzzz ping me...

Regards

Abhishek

As said earlier, don't buy anything.

 

[SGM]

Time has come to go short. The index has set for First Thrust Pattern.

Hello VV

That was just Gr8!!

Regards
Sanjay

 

[mgirotra]

Hi All

I am a total newbie to this, but guys, what's up with the fixation with buying. Markets dropping like rocks, everyone (who does not have a vested interest) including all seniors at this forum is almost yelling out to avoid any buys right now. Crazy swings during each session, but still i can see posts asking for buy suggestions and verifications.

C'mon friends, dont be restless. Not loosing money has the same absolute returns as making money..

cheers

Mohit

 

[Czar]

They are looking good. Bucking the market trend. If U want, I can give U such list to too. But, don't buy now. Give respect to the market. It is in downtrend. If U just buy stocks, step aside. If U can short, go ahead. But, don't buy it now. What U can do is, keep the list of these stocks and come back to them once the market bottoms out. I saw couple of articles from Fund managers saying the market should bottom out now. They are really feeling the pain. They will say anything to save their _ss. Disregard the news and just look at the chart. Bottom! NOT AT!!

Bingo analysis, the way the m.f. are one by one coming on CNBC & NDTV today & shouting it seems the m.funds are now running out of funds to supports the market...

 

[pnbalaji]

They are looking good. Bucking the market trend. If U want, I can give U such list to too. But, don't buy now. Give respect to the market. It is in downtrend. If U just buy stocks, step aside. If U can short, go ahead. But, don't buy it now. What U can do is, keep the list of these stocks and come back to them once the market bottoms out. I saw couple of articles from Fund managers saying the market should bottom out now. They are really feeling the pain. They will say anything to save their _ss. Disregard the news and just look at the chart. Bottom! NOT AT!!

Hi VV,

Thanx for your reply. I am not in buying spree anyway. Sold many of my holdings during the bull market itself (including some good buys like TCS, Infosys etc as I did not want to loose time or the gains that I realise).

Looks like the market is going to be highly volatile till the mid of June. I will try to use some screeners like the above once a clear uptrend starts.

Thanks again.

Thanks,
Balaji.

Thanks,
Balaji.

 

[SGM]

Hi All

I am a total newbie to this, but guys, what's up with the fixation with buying. Markets dropping like rocks, everyone (who does not have a vested interest) including all seniors at this forum is almost yelling out to avoid any buys right now. Crazy swings during each session, but still i can see posts asking for buy suggestions and verifications.

C'mon friends, dont be restless. Not loosing money has the same absolute returns as making money..

cheers

Mohit

Hello Mohit,
Not loosing money has the same absolute returns as making money.

Well said friend.

Regards
Sanjay

 

[nonstopkaran]

i have a query... even i am a beginner.. see everyone say that the market in as its down stream and its the right time to buy....... in a month r so it ll give u a good rwturn.. but y contrasting views in this thread.. can u explain it clearly.......

 

[SGM]

i have a query... even i am a beginner.. see everyone say that the market in as its down stream and its the right time to buy....... in a month r so it ll give u a good rwturn.. but y contrasting views in this thread.. can u explain it clearly.......

Hello karan

I am sure vv will answer your query meanwhile just sharing my views.

Different people follow different strategies in the market.

What most of the traders using technical analysis would want to do is follow a trend. Currently the trend is definitely not up. May be side ways or down as VV has indicated. So if you want to follow the trend, you will not be thinking about buying now, If one would not or cannot short at least one can stay on the side lines, waiting for a uptrend to show itself.

Bottom picking is some thing trend followers will always miss out, but that is because they strongly believe that it is not easy to predict tops or bottom for the market.

Using fundamental analysis one may try to do value investments but this is not a thread about that.



Regards
Sanjay