Volume Spread Analysis

[ksesha]

Hi Kartik,

I am new and accumulating as much knowledge as I can by going through the gems of traderji. I am a follower of your thread and it is very informative.

Will you please look into the following stocks whose volume is abnormally high compared to the recent times and advise.

TATATEA, YESBANK, ABB, HCLTECH, CHENNPETRO,


Thanks in advance
Sesha

 

[prasadam]

I am not able to post the chart of sujanatowers.Can some one plz analyze it and tell me if it is right to enter in it now for short term.
My analysis: - It has resistance at around 26, so it can be marked down,should one wait for breakout above resistance zone?
As per my understanding of VPA, high volume is seen with increasing demand(no supply as it closed at its high).Plz correct if my understanding is wrong.

Sujana Group is involved in financial fraud bigger than satyam and is being looked in to by various agencies.

pl.check out.

 

[observer]

I was applying VSA to TATASTEEL chart and had some areas of confusion. Could someone please help? I have the chart attached with queries marked out.

Thanks

 

[bunny]

@Observer
Is there anyway you can increase the height of the chart? Also, if you are interested in VSA, use the colored volume bars - green bar for up day and red for down day. It makes volume reading very easy.

 

[daitya]

@Observer
Is there anyway you can increase the height of the chart? Also, if you are interested in VSA, use the colored volume bars - green bar for up day and red for down day. It makes volume reading very easy.

This is the chart from the tradeguider system for tatasteel.

http://i27.tinypic.com/2r4u1p0.jpg

 

[karthikmarar]

I was applying VSA to TATASTEEL chart and had some areas of confusion. Could someone please help? I have the chart attached with queries marked out.

Thanks

Observer

Here is my take on the same chart. If you are using Amibroker an afl is available from my blog. Commentary for most VSA indication are available in the chart.

 

[karthikmarar]

Hi Kartik,

I am new and accumulating as much knowledge as I can by going through the gems of traderji. I am a follower of your thread and it is very informative.

Will you please look into the following stocks whose volume is abnormally high compared to the recent times and advise.

TATATEA, YESBANK, ABB, HCLTECH, CHENNPETRO,


Thanks in advance
Sesha

Sesha,

Due to time constraint i am unable to post analysis of individual stocks. I may be able to post something during weekends. Hence kindly post your queries on Thursdays. Kinsly bear with me..

regards

 

[observer]

@Karthik, thanks for the explanation. I will spend some time on it.

@Bunny, next time I shall post an appropriate sized graph.

 

[observer]

VSA is indeed an interesting study. But I am confused on different time frames since I am beginner. I was analyzing TATTEA today on 10min, hourly and daily TF. I could not decide at a point in time, but it was looking weak to me as per VSA. I sold a very small quantity. Was it really weak?

(The charts are partial but near the TF of my decision)

 

[karthikmarar]

Observer,

In case of VSA it ia better to stick to one TF. Unlike indicators we are looking at actions of different bars... Hence looking at different TF at the same time will only confuse you..