Stocks To Keep A Close Eye On

[bunny]

Hi Priyanvada,
I would say rather you divide your "stock holder" as "smart money" and "dumb money". It the smart money who influences the prices rather than loose saying "people".

1. Volume:-

Volume is Tiny compared to yesterday's & day before yesterday's Volume ==> Although price has dropped down, the stock holder are SURE that the things will turn around... So they are reluctant to sell... This is shortage of supply

If there was shortage of supply, the price should have moved up naa?
That drop in price was on account of lack of demand.

2. Candle

Last days candle does not have upper shadow!

In volume spread analysis(VSA), we do not give any importance to opening prices. hence the concept of upper and lower shadows does not arise here. There are only high, low, close levels.

3. Trend Reversal and Price Magnet

1. As the chart shows there has been a trend reversal in past 3 days ... a downtrend has been ended by small priced but HIGH Volume (over 100k) candles ... So it does not seem to me a "Dead Cat Bounce"

Correct, in dead cat bounce, prices go up on lower volumes.

2. There is a "price magnet" just in the near past say on 25th July when price was @ 1750 ==> On Monday ALMOST nobody will feel "un secure" to buy HEROHONDA at price that FAR DOWN @1550 ... Actually it would feel WISE to buy tomorrow ... So things are pretty attractive for buyer till the price gets closer to the "Price Magnet" of Rs. 1750/stock!

I didn't quite get this point but with reference to the bolded part: See the probability that the price will directly go to 1750 without a pause is less, because there is a supply zone near 1600. If the professionals want a rally, they must either remove the floating supply at that level, or should gap up the prices severely to prevent demand at that prices. It the professionals' call and we cannot say much about it.

 

[bunny]

Hello bunny,
Is this software free? If not what is the price on that?

What do u mean it changed it according to your needs?

Thanks

It is not a ready-to-use software. It is actually just a charting component - just like a combustion engine is to the car. The rest that how the engine takes its input fuel and gives output fuel is to be designed by the assembler.

Those who have programming knowledge, will know how to feed data into the software and how to put its output in screen.

 

[bunny]

BTW anybody interested in learning how to interpret volume can read the below ebook(ebook). Its "Master The Markets" authored by Tom Williams. Its a free ebook(no copyright issues by sharing here). This approach is called Volume Spread Analysis (VSA)

http://www.rohanshenoy.net/stocks/downloads/volume spread analysis.pdf

 

[Prabhan]

Re: Stocks To Keep A Close Eye On - Chapter II

Hi Savant Sir,

Sorry, as I am new to traderji..so not aware of thread rules.Well will learn soon..Thanks for your reply. As Ashok Leyland 42.50call option premium is at 40paise now for august expiry. If tgt of 43.50 touched in august month, thn definitly one can get good profit in this option. I had this query..so thot of asking you. May b I m wrong..please advise..

Thanks in Advance...

Hi Prabhan,

Difficult To Give In What Time Frame Target Or S/L Maybe Reached....

Next Time, Please Post Your Query In This Thread Instead Of Chapter-II

Happy & Safer Investing

SavantGarde

 

[rizuk]

Hi All,

I am unable to get the technical stuffs going on in this forum. However, I am learning very hard, since I do not know the abc...of the market.

We both are sailing in the same boat . . darr hai kahin boat doob na jaye

 

[lazytrader]

BTW anybody interested in learning how to interpret volume can read the below ebook(ebook). Its authored by Tony William. Its a free ebook(no copyright issues by sharing here). This approach is called Volume Spread Analysis (VSA)

http://www.rohanshenoy.net/stocks/downloads/volume spread analysis.pdf

Is is Master the markets by Tom Williams?

 

[bunny]

Is is Master the markets by Tom Williams?

yes, the same one.

 

[lazytrader]

looks like going forward we have to be software programmers also apart from being traders..
most of the softwares need a good hand the programming logic!!

Trading financial markets is difficult, because the markets by their very nature must have more losers than winners, this is how supply and demand works. Markets accomplish this by frequently whipsawing, moving rapidly from one price level to another in two or three bars preventing you from getting a position you feel comfortable with. This puts the trader under stress almost immediately he has entered the trade. To add more problems to the would be trader most of the information received about the stock market is incorrect or at its best, is misleading. - Tom Williams

Simply put, the more you know the harder it is to trade. So a person trading with advanced software/strategies is no better than someone with pivot points and sma's.

 

[lazytrader]

Food for thought:

If past history was all there was to the game, the richest people would be librarians.
- Warren Buffet
Similarly if software was anything to go by, the richest people would have been software engineers.

I am happy with SMA and pivot points. Candlestick and chart patters help.

 

[SavantGarde]

Re: Stocks To Keep A Close Eye On - Chapter II

Prabhan,

Options Are Not Very Liquid In ASHOKLEY, Suggest You Stay Away From It.

Happy & Safer Trading

SavantGarde

Hi Savant Sir,

Sorry, as I am new to traderji..so not aware of thread rules.Well will learn soon..Thanks for your reply. As Ashok Leyland 42.50call option premium is at 40paise now for august expiry. If tgt of 43.50 touched in august month, thn definitly one can get good profit in this option. I had this query..so thot of asking you. May b I m wrong..please advise..

Thanks in Advance...