I can help you with stock chart reading

[vinayak_shet]

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

 

[vinayak_shet]

help me plz

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

 

[ramakrishnaiah]

Position calculator looks for a result history sheet.. Is it required?, If yes, please attach that as well.

thanks

 

[vvonteru]

Position calculator looks for a result history sheet.. Is it required?, If yes, please attach that as well.

thanks

I am sorry. I changed name of the tab sheets to make them more meaningful, but forgot to update the formulas. Here is the updated sheet. Let me know if you have more issues.

 

[vvonteru]

Re: help me plz

hello sir,
i am vinayak from mangalore,i wat some information about ucalfuel and venus sugar sir,i am a just a begginer,i got ucalfuel at 230 and venus sugar at 11,when the market was 12,300.and now it is 100 and venus sugar is 7 sir,i wanted to know how is the company,sir i am ready to hold it for 1 year,can u plz tell me the 1 year target for those shares,and can i come out of it in profit.if i hold it for 1 year, plz help me by your knowledge
thanking you
vinayak

If waiting/holding for 1 year will help stocks popup, then everybody will do that. Buy and Hold is a pre-2000 thinking. By 1 year span, if you are trying to convey to me that you are a long term player, you should know what the stock must be doing within the 1 year. How low or high can the stock go. What fundamentals will help the stock go up in a year. You need to validate these along the 1 year. Just holding and hoping will not help!!!

I am a short term player. I don't have the expertise to tell you where the stock will be in a year. I can only tell you in the next couple of weeks. You should ask some other member who depends on fundamentals.

UCALFUEL
-- Looks really bad as pointed by you. June 8th low (around 90) is the support. 120 is the resistance. If it breaks 120, its positive. If its goes below 90, you will see more lows.

Venus Sugar
-- How low can this go. 6 is the support. 10 is the resistance. Next time, avoid buying into stocks less than 50. I would prefer not to buy less than 100, except a few.

 

[vvonteru]

Hi Vvonteru,

Nice Analysis, really appreciated. I have a small doubt. Normally pull backs comes with a shorter volume. Here the pull back have medium volume that shows it is news driven move (just a mere guess). Please correct me If I am wrong.

Regards
Raj

Its good we avoided the stock due to high volume. High volume on the upside continued for BANKINDIA. I was looking at the BankIndex and couple of Bank Stocks. There seems to be some buying in these Bank stocks as pointed by the Bank Index, worth to follow.

Market
-- Its going up and down. Its prudent to wait till it breaks out of the short term channel created in the last couple of months.

 

[kumar7]

Mr VV: Rolta

I would like to enter Rolta, can you please take a look at its charts?
What is a good entry point? It has recovered from the recent hammering but it has a long way to go!
Best,
Kumar

 

[vvonteru]

Re: Mr VV: Rolta

I would like to enter Rolta, can you please take a look at its charts?
What is a good entry point? It has recovered from the recent hammering but it has a long way to go!
Best,
Kumar

Each of us wish the stocks trend. But, after a huge fall, stocks take their time to form a trend. Until then, they just move in trading range. If you are a trend follower, it is safe to be out during this time. If not, you will get burnt during the choppy trade.

Rolta is in a small trading range between 150 and 180. Further, there is upward resistance at 220, 260, 280. So, lets wait and make sure it is ready to trend. If you are interested, I would suggest you to follow banks. There seems to be high buying volume. They are out of the short term trading range.

Look at BANKINDIA. 7 days of buying at high volume. It has reached overbought condition, not seen after May 8th at 150 level. It is stalling right now at 110 resistance. It is ready to pull back. After it does, we will see the volume and general market conditions to make buy decision.

 

[Czar]

Sir on the sensex an inverted H&S ??? right shoulder getting heavier volumes ??

 

[vvonteru]

Sir on the sensex an inverted H&S ??? right shoulder getting heavier volumes ??

Looks like that. In any case, it is just a setup so far. Entry condition is that, SENSEX goes above the neck line and pulls back to test the neck line successfully.

I would suggest you guys look at all the banks. Something sure is going on with all the banks with high volumes breaking out of the trading range.

http://www.ndtvprofit.com/bb/blank.asp?Top=1&P1=BSE BANKEX