I can help you with stock chart reading

[gracec]

Re: Dear VV: Classic Diamonds---Diamonds are for ever!

Lets be frank with ourselves. This stock has good momentum. It pains to be not in it. So, why question whether its too late to enter. Because, it is not the point when we (I) enter a stock.

You might make money if you enter now. But, is it consistent in the way you trade. Definitely it is a qualified candidate that satisfies any trader's setup condition. But, does it satisfy entry condition at this point. Or do you feel you missed the entry couple of days back.

As I said earlier, be consistent in the way you trade. You might make money in the short term by trading arbitrarily. But, you will lose on the long run. Have conditions written down for
1. Setup: When U will consider a stock for buy
2. Entry: When U will actually enter that stock
3. Stop Loss: How U will determine stop loss
4. Profit: How U will sell to make profit


Repeat trades with these conditions without emotions. Once you are comfortable with these conditions, don't change them until U apply for 10 to 20 trades and U can assess the results.

Great VV
well explained!
you brought me back to discipline.
thanks for the reminding me my set basics.
many thanks
kind regards
Geeta

 

[vvonteru]

Vv
Your Comments On Tata Chemical.i Intend Going Long In It In Morning So If Comments Can Be Before Mkt Opens.when U Use Atr Does It Mean Avg Trading Rg.thanx

Its not exactly average trading range. Since it also considers gaps, its called Average True Range (ATR). We are using it to measure the stocks volatility to help us specify Stop Loss.

Look at the chart for last 1 year. Volume from June to present is less than before June. However, volume has been improving last 1 week. The price action looks good. The stock has unusual long bars some times, more than its normal volatility. So, be careful in specifying the stop loss. I would have liked to make an entry before last Friday.

 

[bull_bear]

Can you pls read this stock

can u pls have a look at the chart and help me to find a good tgt for this script
Moschip Semiconductor - BSE

i am quite bullish on this short term 32-36-48 then 80 and go long on this
whts ur view

I have good position in this stock

~BB

 

[agupta]

Hey VV,

Any thoughts on Essar Oil?

Thanks

 

[vvonteru]

Re: Can you pls read this stock

can u pls have a look at the chart and help me to find a good tgt for this script
Moschip Semiconductor - BSE

i am quite bullish on this short term 32-36-48 then 80 and go long on this
whts ur view

I have good position in this stock

~BB

This stock is at a low point where it started in 2002. Volume has been improving in the last week. Compared to previous breakouts, this breakout looks more trustable. There is a minor resistance at 30 and major resistance at 40. As you go above, there are several other resistances. You can use those targets.

ESSAROIL
-- Looks good. Missed an entry 2 days back, just like IOC. BPCL & HINDPETRO are on move.

 

[makri]

amtek

pl give your valuable advice on amtekindia and feddersloyyid


makri

 

[vvonteru]

Re: amtek

pl give your valuable advice on amtekindia and feddersloyyid


makri

amtekindia
-- Looks good. Except that it has unusual long range bars. Consider those in specifying stop loss. Volume is not great either in the recent breakout. If you want to enter, do that above last Wednesday's high.

feddersloyyid
-- I am not at all excited about this stock. Everything is wrong about it. Low volume, price in trading range. Keep away.

Guys,

It is worth to look at what Timtomlee has come up with. MACD(3, 10, 1) is good. It does very good in buy signals when line crosses 0. It also gives sell when line crosses back. But, the sell signal may not make you money all the time. It works very good when the stock is trending.

For example, look at Sensex with this indicator. From 2005 Nov to 2006 May, there were only 2 cross downs below 0. One time was in Jan'06 when there was a deeper pull back. The other one in May when sensex came down heavy. So, look at for each stock whether it makes sense. I think it does very well in providing entry point. It provides signal earlier to crossover. Look at how the signal would have worked for:
1. Reliance.
2. BankIndia
3. Classic
It does have similarities with MACD (12,26,9) crossover.

 

[drsmathew]

thanks VV,
I appreciate you views on VSNL,CENTEX and HINDALCO, got the point, looks like correction is round the corner and caution and strict stop loss is the only way going forward,
regards,
drsmathew

 

[bull_bear]

Re: Can you pls read this stock

This stock is at a low point where it started in 2002. Volume has been improving in the last week. Compared to previous breakouts, this breakout looks more trustable. There is a minor resistance at 30 and major resistance at 40. As you go above, there are several other resistances. You can use those targets.

ESSAROIL
-- Looks good. Missed an entry 2 days back, just like IOC. BPCL & HINDPETRO are on move.

thanks vvonteru.

i hope tht was technical view. fundamentally wht the potential of the stock in medium to long term.

 

[Gandhi710]

Hi VV

What is your opinion on EID Parry. It is not moving with the market. I feel it may go up in the near future.

Thanks