Saturday, November 27, 2010

Applied Technical Analysis of Stocks.

1. Tata Steel ........4. Reliance
2. Tata Motors .....5. Infosys
3. SBI ................ 6. Icici Bank

Continue Reading...

Thursday, November 25, 2010

BN, Downtrending, poised for a short term reversal with +ve div..

While playing positive divergence, you are initially risking till prices confirm by a move above short term average and then you raise your SL and trade as the price moves in your favour. This is only a "Hour +ve div"..Look for a reversal in daily TA..One step at a time.


Continue Reading...

BN, downtrending, at its lowest on the settlement day..



Continue Reading...

Wednesday, November 24, 2010

Rel.Infra & NTPC

Both these stocks are downtrending and heading towards a support area which if held a reversal to the resistance area is possible. Uptrend possibility will emerge only if they close above the resistance zone.


Continue Reading...

BN, downtrending, shows +ve div & has 12250 & 12420 as two resistances to conquer.



Continue Reading...

Tuesday, November 23, 2010

BN, downtrending, may see two way moves if 12150/200 is held.



Continue Reading...

Monday, November 22, 2010

BN, downtrending, exhibits falling wedge with 12150 as a decisive cross over.



Continue Reading...

Sunday, November 21, 2010

Tech.table made easy.

T-o-T Amit" has made some changes to these files that it has become absolutely easy to update with just 2 steps:
1. For each hour, copy the entire previous row, paste it in the next row.
2. Now key in the open, high, low & close for the current hour.

That's all..!! The Tech.table is updated with the latest data. You can key in the anticipated highs/ lows and check the developing emas too. Thank you, again, Amit.

Tata Steel
SBI
(I will update more files as time permits)
Tech.Table reading
Applied Technical Analysis

Spend some time reading through the above two write ups. Making money in the market is not setting up a terminal and taking a position. It is like a game of chess... a game of football - there is always a different set ups developing and the one who is able to realise the subtle changes, exploits the same and benefita the maximum. And there are some very disciplined simpletons who repeat the known strategies time and again and keep winning with a disciplined appraoch.
Doubts come when you are on the path of progress and you must quickly sort them out, find the answers and move on..You can't have the same doubts time and again.
Just one strategy, dear to me, will fetch you the highest returns most of the time.......... Divergence Play along with Break out/ Break Down..
Continue Reading...