Teach A Man To Fish And.........

[rakeshluthra430]

Re: Help from Senior Members

hi xmn how is ispat industries .... i m attaching the chart and waiting u r comment

Regards
Satya

Its gradient suggests we avoid it.. if we have better options. However, pattern posted is correct.

Rakesh

 

[xman_in]

Re: Help from Senior Members

hi xmn how is ispat industries .... i m attaching the chart and waiting u r comment

Regards
Satya

satya, i am sorry to say that you are asking this question from a wrong guy. i am a newbie. dont have exp more than you, i have been watching your posts as well. you are senior member to me. i am sorry that i would not be of any help to you.

 

[xman_in]

i will try to provide my interpretation of Ispatind chart..

yesterday candlestick showed some indecision on traders part. today bears were in control. 5 days volume EMA is below 20 days EMA volume. weekly pic is also not good. looking at overall pic i will also suggest to avoid this stock. as per saint's teaching the stock should be in weekly uptrend. that is one of the filter that i use. i will wait till it shows some uptrend.

what say rajesh

 

[xman_in]

weekly picture
===========
stock in uptrend
MACD crossing signal line
RSI at 54(still some room for upward movement)
fast & slow stochastics above average

daily pic
===========
today bulls were in total control, managed to close in positive
formation of cup & handle pattern(hope i am correct on chart pattern detection this time)
5 day volume EMA just above 20 day volume ema

so overall picture on bartronics is good.

i will really appreciate if someone can point where i am wrong(if i am). saint please let me know if i am spoiling your beautiful topis here, i will start a new topic for this.

 

[Satyen]

Re: Help from Senior Members

Its gradient suggests we avoid it.. if we have better options. However, pattern posted is correct.

Rakesh

Thanks for your comment ... can you please post a chart with your veiws which will be great

Regards
Satya

 

[Pchartis]

weekly picture
===========
stock in uptrend
MACD crossing signal line
RSI at 54(still some room for upward movement)
fast & slow stochastics above average

daily pic
===========
today bulls were in total control, managed to close in positive
formation of cup & handle pattern(hope i am correct on chart pattern detection this time)
5 day volume EMA just above 20 day volume ema

so overall picture on bartronics is good.

i will really appreciate if someone can point where i am wrong(if i am). saint please let me know if i am spoiling your beautiful topis here, i will start a new topic for this.

I am a newbie in stock market and learning TA. I do read all posts of senior members. I read ur posts also. I had seen charts attached by u of Ispat and bartronics. Can I know which S/W u r using for chart. I used Ichart for learning charts.

 

[Satyen]

Re: Help from Senior Members

satya, i am sorry to say that you are asking this question from a wrong guy. i am a newbie. dont have exp more than you, i have been watching your posts as well. you are senior member to me. i am sorry that i would not be of any help to you.

hi
this was not a question .... i wanted to know your veiws .... i am realy not a senior member ....we can discuss about charts learn from each other

Regards
Satya

 

[Satyen]

i will try to provide my interpretation of Ispatind chart..

yesterday candlestick showed some indecision on traders part. today bears were in control. 5 days volume EMA is below 20 days EMA volume. weekly pic is also not good. looking at overall pic i will also suggest to avoid this stock. as per saint's teaching the stock should be in weekly uptrend. that is one of the filter that i use. i will wait till it shows some uptrend.

what say rajesh

i m thinking if we can go long if it breaks out from this pattern with good vollume knowing weekly is not good

Regards
Satya

 

[rakeshluthra430]

Re: Help from Senior Members

Thanks for your comment ... can you please post a chart with your veiws which will be great

Regards
Satya

Sorry... I am semi-illeterate as far as software/attaching pictures are concerned. I use Fibotrader so if you know, you can teach me how to post any chart here.
Coming to the crux of the question, my pics day before yesterday were Aban Offshore (sl of 3370) and GMDC (SL of 314). I trade only where I have a small stop loss.
For today, I will be watching Century Tex (buy above 860 sl 826) and M &M (above 682 sl 656).

I dont have more than 10 positions open, so not planning to take Buy in more than 2 shares today... of course unless i book profits in a few.

Thanks

 

[rakeshluthra430]

Also watch NB Ventures and Bartronix