(Pls. click on the image to enlarge)
This time, will bank be able to give support to DSE General Index? Volume is also increasing. Index needs support from this Index Mover. by JC
Saturday, October 29, 2011
Case Study of Bank Sector
Please look at the below chart of Bank Sector :
This time, will bank be able to give support to DSE General Index? Volume is also increasing. Index needs support from this Index Mover. by JC
This time, will bank be able to give support to DSE General Index? Volume is also increasing. Index needs support from this Index Mover. by JC
Friday, October 28, 2011
Chart Reading : Lesson - 2 (Part : 4)
In Lesson - 2, we are discussing Support and Resistance. Today I'll discuss regarding Fibonacci Retracement to determine Support and Resistance. If you don't know how to draw Fibonacci Retracement by charting software like Amibroker, you may visit the link first : http://dse-analysis.blogspot.com/2011/10/how-to-draw-fibonacci-retracement-line.html
Please, see the below Chart - 1 of Islami Bank. I did not draw anything on the chart. It's a blank chart.
Now, I'm going to draw a Fibonacci Support line on a short period. Please see the below Chart - 2 :
Chart -2 is little bit hazy. Okay, now pls. look at the below Chart - 3. I've taken a longer period to draw a support line.
I hope Chart-3 is clear. Now, I'll give an example of resistance. Please see the below Chart -4.
Does Fibonacci Retracement works in our market? Sometimes it works, sometimes is not. But we should know its use. Jokhon amader desh-er trader ra Fibonacci Retracement ratio onusarey buy/sell bosatey obvosto hoye jabey takhon eta "Leonardo Pisano Bogollo" babu-r mathematics calculation er jorey joto-ta na besi kaj korbey tar cheyey emni-emni besi kaj korbey. by JC
Please, see the below Chart - 1 of Islami Bank. I did not draw anything on the chart. It's a blank chart.
Chart - 1 (Pls. click on the image to enlarge)
Now, I'm going to draw a Fibonacci Support line on a short period. Please see the below Chart - 2 :
Chart - 2 (Pls. click on the image to enlarge)
Chart -2 is little bit hazy. Okay, now pls. look at the below Chart - 3. I've taken a longer period to draw a support line.
Chart - 3 (Pls. click on the image to enlarge)
I hope Chart-3 is clear. Now, I'll give an example of resistance. Please see the below Chart -4.
Chart - 4 (Pls. click on the image to enlarge)
Does Fibonacci Retracement works in our market? Sometimes it works, sometimes is not. But we should know its use. Jokhon amader desh-er trader ra Fibonacci Retracement ratio onusarey buy/sell bosatey obvosto hoye jabey takhon eta "Leonardo Pisano Bogollo" babu-r mathematics calculation er jorey joto-ta na besi kaj korbey tar cheyey emni-emni besi kaj korbey. by JC
Thursday, October 27, 2011
Case Study : CITYBANK
Please look at the chart :
Price is staying near the Bollinger Band mid line. Preparing for a new move. Hope for up, if rising volume can give a support.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
(Pls. click on the image to enlarge)
Price is staying near the Bollinger Band mid line. Preparing for a new move. Hope for up, if rising volume can give a support.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
Wednesday, October 26, 2011
Case Study : SIBL
Please look at the chart :
(Pls. click on the image to enlarge)
As indicated in the chart :
==> A : Close price is staying in extreme bullish (upper channel shaded zone) area. We've tried to draw a up trend line. This line will act as our support area or Stop-loss area or we may take Bollinger Band mid line as support area as well as Stop-loss area.
==> B : Volume is also attracting.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
Tuesday, October 25, 2011
How to draw Fibonacci Retracement Line for Support and Resistance
Every charting software has this tool. You will also find some AFL for AmiBroker in web. I've drown it manually. Please see the below chart. for Support line :
Please see the below chart. for Resistance line :
I hope above picture is clear. After drawing, the default 38.2%, 50% and 61.8% will appear automatically.
If you have any question, pls ask below comments section. by JC
Please see the below chart. for Resistance line :
If you have any question, pls ask below comments section. by JC
Monday, October 24, 2011
Chart Reading : Lesson - 2 (Part : 3)
We did not finished yet our Support and Resistance lesson. So, ar ektu pain dibo. Today, we will discuss regarding Dynamic Support and Resistance. Please look at the below chart :
Don't think it's a Holy Grail. It's a nothing but a moving average. The above chart is our DSE General Index.
Usually, people takes two different periods of moving average and crossover of the two different periods of moving average gives them buy/sell signal. [Like EMA (10) for short period and SMA (20) for long period. Some people take three different periods like EMA (10) for short period, SMA (20) for mid period and SMA (50) for long period].
This time we've taken a single period of moving average [say SMA (20)] to determine the support in an up trend and resistance in a down trend.
Finally, chose your moving average (SMA, EMA, WMA, etc) and its periods carefully. Please, don't ask me for the best one. In share market, nothing is best. So, chose it as per your trading strategy. by JC
(Pls. click on the image to enlarge)
Don't think it's a Holy Grail. It's a nothing but a moving average. The above chart is our DSE General Index.
Usually, people takes two different periods of moving average and crossover of the two different periods of moving average gives them buy/sell signal. [Like EMA (10) for short period and SMA (20) for long period. Some people take three different periods like EMA (10) for short period, SMA (20) for mid period and SMA (50) for long period].
This time we've taken a single period of moving average [say SMA (20)] to determine the support in an up trend and resistance in a down trend.
Finally, chose your moving average (SMA, EMA, WMA, etc) and its periods carefully. Please, don't ask me for the best one. In share market, nothing is best. So, chose it as per your trading strategy. by JC
Saturday, October 22, 2011
Chart Reading : Lesson - 2 (Part : 2)
Today, we will try to identify the Support and Resistance by Trend Line. Please look at the below Chart - 1 :
As indicated in the Chart - 1 :
Line A : We have tried to draw Up Trend Support Line (Please see below to know how to draw a trend line).
Point B : After few months later, we found that price went up than our expectation. So, the Line A ended in Point B. Please note that now the Line A is invalid. End of this lesson we will discuss regarding invalid trend line.
Line C : As price went up than our expectation, Line C has been drawn which was New Up Trend Support Line.
How to draw a Trend Line :
It's simple. Just locate two major Top or Bottom and connect them and then extend the line to future days. Pls. look at the below Chart - 2 :
I hope the above Chart - 2 is clear. B is the first bounce. If the future price bounce back near the Trend Line 2nd time (1st time is point "B" in the chart) then we will get a confirmation that our Trend Line is Valid otherwise, it may be a invalid trend line. The more bounces off a trend line the stronger the trend.
Whenever we draw a trend line, we should keep in our mind that we will not draw a trend line by forcing them to fit with the Market
Now, please look at the below Chart - 3 :
I know, after seeing the Chart - 3, Some TA will come to kill me. Because, I've violated 1 basic rules of Channels. Actually, Channels consist of two parallel line. But our above Chart - 3, we did not follow it. Because, First of all, we are not a TA or a Indicators Operator, we are a simple Chart Reader. Secondly, we did it for our easy and clear understanding.
Now, we will see the Down Trend Support Line and Down Trend Resistance Line and also give a test. Please see the Chart - 4 :
Now, we will see Valid and Invalid trend line. Please, see the Chart - 5. Chart will say everything. No description this time.
Finally, Please note that I've taken the High or Low price to draw the trend line. You can take Pivot Point.
WoW!!! Aponi etokhani porey felechen. Allah aponakey valo-e dhorjo dhorar khomota diyechen. Best of Luck. by JC
Chart - 1 (Pls. click on the image to enlarge)
As indicated in the Chart - 1 :
Line A : We have tried to draw Up Trend Support Line (Please see below to know how to draw a trend line).
Point B : After few months later, we found that price went up than our expectation. So, the Line A ended in Point B. Please note that now the Line A is invalid. End of this lesson we will discuss regarding invalid trend line.
Line C : As price went up than our expectation, Line C has been drawn which was New Up Trend Support Line.
How to draw a Trend Line :
It's simple. Just locate two major Top or Bottom and connect them and then extend the line to future days. Pls. look at the below Chart - 2 :
Chart - 2 (Pls. click on the image to enlarge)
I hope the above Chart - 2 is clear. B is the first bounce. If the future price bounce back near the Trend Line 2nd time (1st time is point "B" in the chart) then we will get a confirmation that our Trend Line is Valid otherwise, it may be a invalid trend line. The more bounces off a trend line the stronger the trend.
Whenever we draw a trend line, we should keep in our mind that we will not draw a trend line by forcing them to fit with the Market
Now, please look at the below Chart - 3 :
Chart - 3 (Pls. click on the image to enlarge)
I know, after seeing the Chart - 3, Some TA will come to kill me. Because, I've violated 1 basic rules of Channels. Actually, Channels consist of two parallel line. But our above Chart - 3, we did not follow it. Because, First of all, we are not a TA or a Indicators Operator, we are a simple Chart Reader. Secondly, we did it for our easy and clear understanding.
Now, we will see the Down Trend Support Line and Down Trend Resistance Line and also give a test. Please see the Chart - 4 :
Chart - 4 (Pls. click on the image to enlarge)
Now, we will see Valid and Invalid trend line. Please, see the Chart - 5. Chart will say everything. No description this time.
Chart - 5 (Pls. click on the image to enlarge)
Finally, Please note that I've taken the High or Low price to draw the trend line. You can take Pivot Point.
WoW!!! Aponi etokhani porey felechen. Allah aponakey valo-e dhorjo dhorar khomota diyechen. Best of Luck. by JC
Friday, October 21, 2011
Chart Reading : Lesson - 2 (Part : 1)
Usually, we most of the investors know - "Buy Low (Supply), Sell High (Demand)". In a chart, we call it - Buy at Support, Sell at Resistance. I don't like this policy. But as a chart reader we MUST know "Support and Resistance". Our Lesson - 2 will be regarding Support and Resistance. We will try to find the support and resistance zone in many ways by the several part of Lesson - 2.
Okay, Let's start. Please see the below chart :
I'm not going to give any definition of Support and Resistance. Our chart will say everything. Please keep in mind that (1) Price may not always bounce back from Support or Resistance. Support/Resistance has been created to break out or break down. (2) Support and resistance levels are sometimes not exact price levels. Say Price of XYZ share got a support at Tk. 10, 2nd time it got the support at Tk. 9. 90. So, we will say support zone is AROUND Tk. 10. by JC
Okay, Let's start. Please see the below chart :
I'm not going to give any definition of Support and Resistance. Our chart will say everything. Please keep in mind that (1) Price may not always bounce back from Support or Resistance. Support/Resistance has been created to break out or break down. (2) Support and resistance levels are sometimes not exact price levels. Say Price of XYZ share got a support at Tk. 10, 2nd time it got the support at Tk. 9. 90. So, we will say support zone is AROUND Tk. 10. by JC
Wednesday, October 19, 2011
Case Study : DSEGEN INDEX
How I read chart after every trading day? I'm sharing my one with you.
Please look at the below Chart - 1 (Minute) :
As indicated in the chart :
A : Index point went down with large volume.
B : Got a support, but the volume did not increase.
C : As a result volume went down again. One important thing is that it did not form a Lower Low (LL).
D : Index point got support again with rising volume. So, index went to up.
E : We found that point fall with one large volume for taking hurryly profit. Thereafter seller were not interest to sell in low price (Low volume indicated that).
F : As seller were not interested to sell in low price, so price went to up with rising volume. That's all.
Due to the above Chart -1's up and down, we find the below candlestick. Please look at the Chart - 2 :
DSE General Index point Open at 5307. After huge sell pressure, Index went to 5118 which was the today's lowest point. Then the index/market got the support from the interested buyer and went up to at 5258 (Close) after two corrections.
Finally, please look at the below Chart - 3 (Day Chart) :
Please look at the circle. Support zone was tested 2nd time within 5 days.
=> If support and resistence zone tests several times then we may see a sideways market.
=> If support zone breaks down then index will go down.
=> If support zone sustains and volume increases then we may see a up trend.
TA (Technical Analyst) will say that - You have used only Moving Average, Bollinger Band and Volume. Tomar chart-e MACD, ADX, CCI, RSI, MFI, OBV, Stochastic, TRIX, William's % R, Mass Index, Chaikin, Aroon, AccDist, Parabolic SAR, ect. dekhci natho. Tumi tho TA na miah.
Yes, You are 100% right. I'm not a TA.
Please look at the below Chart - 1 (Minute) :
Chart - 1
As indicated in the chart :
A : Index point went down with large volume.
B : Got a support, but the volume did not increase.
C : As a result volume went down again. One important thing is that it did not form a Lower Low (LL).
D : Index point got support again with rising volume. So, index went to up.
E : We found that point fall with one large volume for taking hurryly profit. Thereafter seller were not interest to sell in low price (Low volume indicated that).
F : As seller were not interested to sell in low price, so price went to up with rising volume. That's all.
Due to the above Chart -1's up and down, we find the below candlestick. Please look at the Chart - 2 :
Chart - 2
Finally, please look at the below Chart - 3 (Day Chart) :
Chart - 3
Please look at the circle. Support zone was tested 2nd time within 5 days.
=> If support and resistence zone tests several times then we may see a sideways market.
=> If support zone breaks down then index will go down.
=> If support zone sustains and volume increases then we may see a up trend.
TA (Technical Analyst) will say that - You have used only Moving Average, Bollinger Band and Volume. Tomar chart-e MACD, ADX, CCI, RSI, MFI, OBV, Stochastic, TRIX, William's % R, Mass Index, Chaikin, Aroon, AccDist, Parabolic SAR, ect. dekhci natho. Tumi tho TA na miah.
Yes, You are 100% right. I'm not a TA.
Tuesday, October 18, 2011
Chart Reading : Lesson - 1
Today we will know the definition of candlestick by a different way. Pls. look at the chart - 1.
I hope now everything is clear to you. Still confused? No problem, go down.
Now, pls. look at the Chart - 2 :
Okay, I'm going to give a definition of the above Bearish Candlestick.
1. Open price of the share.
2. Price goes to high as buyer dominate the market. (From 1 to 2)
3. At one stage investors think that price will not go further up. So, they sell their shares. Due to the sell pressure, price goes to Low. (From 2 to 3)
4. Some investors think that price will not go more below. So, they start to buy and price goes to up and (From 3 to 4) and market time is over.
5. Lower and Upper Shadow (The outer side of Open and Close price)
One thing is missing. The shaded area i.e. the price between Open and Close is call Real Body.
I hope already you have find the difference of Bullish and Bearish Candlestick. Okay test it.
Bullish Candlestick : Open is grater than Close
Bearish Candlestick : Open is less than Close
Are you still confused? Need more easy clear definition? Okay, pls. see the Chart - 3:
2. Investors think that price may not go up. Due to sell pressure, price goes to down at Tk. 3.
3. Some investors think that this price is the lowest price of the share. So, they start to buy shares and due to huge buy pressure price rises to Tk. 9.
4. Some investors think that price may not go further. So, they sell their shares and price come down to Tk. 7. Now, the time is 3:00 pm. Market is close.
Thanks JC.
I hope now everything is clear to you. Still confused? No problem, go down.
Chart - 1
Now, pls. look at the Chart - 2 :
Chart - 2
Okay, I'm going to give a definition of the above Bearish Candlestick.
1. Open price of the share.
2. Price goes to high as buyer dominate the market. (From 1 to 2)
3. At one stage investors think that price will not go further up. So, they sell their shares. Due to the sell pressure, price goes to Low. (From 2 to 3)
4. Some investors think that price will not go more below. So, they start to buy and price goes to up and (From 3 to 4) and market time is over.
5. Lower and Upper Shadow (The outer side of Open and Close price)
One thing is missing. The shaded area i.e. the price between Open and Close is call Real Body.
I hope already you have find the difference of Bullish and Bearish Candlestick. Okay test it.
Bullish Candlestick : Open is grater than Close
Bearish Candlestick : Open is less than Close
Are you still confused? Need more easy clear definition? Okay, pls. see the Chart - 3:
Chart - 3
1. At 11:00, Open price of a share is Tk. 5.2. Investors think that price may not go up. Due to sell pressure, price goes to down at Tk. 3.
3. Some investors think that this price is the lowest price of the share. So, they start to buy shares and due to huge buy pressure price rises to Tk. 9.
4. Some investors think that price may not go further. So, they sell their shares and price come down to Tk. 7. Now, the time is 3:00 pm. Market is close.
Thanks JC.
Chart Reading : Introduction
I've got several message from my friends that they are not able to understand my uploaded chart. To honor their request, I've started this learning session. I hope you will enjoy it.
Thanks, JC
Thanks, JC
Monday, October 17, 2011
Case Study : DSEGEN INDEX
Today's volume is still low but the index point is up. Why? To find out the answer, we need to look at the minute chart first.
As per the chart, we see that index goes up with high volume and index goes down with low volume. Because of this price volume action, we have seen a positive market.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
As per the chart, we see that index goes up with high volume and index goes down with low volume. Because of this price volume action, we have seen a positive market.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
Case Study : DSEGEN INDEX
Please look at the chart first :
>> A : Few days back, we saw this level. General investors accepted this level (as per volume). So, this time if it comes this level again general investors may not mind (As they have an experience of this level). Because it will strength the resistance. It will give them (SM) more buy opportunity which is good for any long run. If index dose not come this level, we will be happy because we may see a Lower High (LH). Investors should give a close look at this resistance level.
>> B : Triple bottom, strength of resistance.
>> C : No magic from volume.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
>> B : Triple bottom, strength of resistance.
>> C : No magic from volume.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
Sunday, October 16, 2011
Case Study : APEXTANRY
Please look at the chart :
>> A : Support line has been broken and has formed a Lower Low.
>> B : We have drawn a another line. After a massive falling, it is still intact. We should look this closely.
>> C : Pls. don't come down this level.
>> D : No positive indication from volume.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
>> A : Support line has been broken and has formed a Lower Low.
>> B : We have drawn a another line. After a massive falling, it is still intact. We should look this closely.
>> C : Pls. don't come down this level.
>> D : No positive indication from volume.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
Saturday, October 15, 2011
Relation of Price and Volume : Part 5
Price fall with low volume: Sometimes we see in our DSE that price is falling with low volume. If we look at the price chart we find several Lower Lows (LL) have been formed. (to know the Lower Low (LL), pls. click on the chart).
What is the reason? I think, most of the investors are staying on the sidelines with cash, and at the same time, the stock is lack of good news to stimulate the price.
What should we do now? Will we catch the share because of its low price? NO, NO, NO. We should not catch a falling knife. It is best to avoid this share and wait for a reversal. by JC
What is the reason? I think, most of the investors are staying on the sidelines with cash, and at the same time, the stock is lack of good news to stimulate the price.
What should we do now? Will we catch the share because of its low price? NO, NO, NO. We should not catch a falling knife. It is best to avoid this share and wait for a reversal. by JC
DSEGEN INDEX
Chart - 1
Pls. look at the chart - 1. Support zone is still intact and hopping for an up trend.
Chart - 2
Now, pls. look at the Chart - 2. Bollinger Band mid line (dynamic) will be our first resistance and Line A will be our 2nd (immediate) resistance.But volume did not increase to our expectation level. Even last day (Oct 13, 2011), we did not allow them to buy shares because of our high demand.
Let's see what happen in the coming days.... by JC
Friday, October 14, 2011
RUPALIINS
Please look at the chart 1. Price is still above the Bollinger Band mid line. and the volume is also increasing.
I'm giving another chart : 2. Pls. see it. It looks interesting to me.
What should we do now : BUY/HOLD/SELL? :
Buy : Yeah or wait for the break out of the above red line in Chart 2, Your stop-loss is Bollinger Band mid line.
Hold : Yeah, until it goes to below BB mid line or hit you stop-loss.
Sell : Whenever it it goes to below BB mid line or hit you stop-loss.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
Chart : 1
I'm giving another chart : 2. Pls. see it. It looks interesting to me.
Chart : 2
What should we do now : BUY/HOLD/SELL? :
Buy : Yeah or wait for the break out of the above red line in Chart 2, Your stop-loss is Bollinger Band mid line.
Hold : Yeah, until it goes to below BB mid line or hit you stop-loss.
Sell : Whenever it it goes to below BB mid line or hit you stop-loss.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
Wednesday, October 12, 2011
Share your next plan
1) I've cash : Should I give a jump for buy? Price is rocking. So, I should catch it immediately. My opinion is WAIT. Wait for a reversal. In the mean time, you should make a plan - what percent of money you will invest initially and which sector/share/paid up capital/category? When you will find a reversal then invest your 1st portion of money. When price will be back fired from pullback/correction, you will invest your 2nd portion of money. What about your 3rd portion of money? I like this money making game. Believe me this 3rd portion of money will give you more return than 1st and 2nd portion, if you able to handle it properly.
2) I've cash and share : Pls. see the point no. 1.
3) I've share : I assume that you've failed to put stop-loss. You should take the advantage of any short bull run. Convert your some share to cash. I think, besi loss er cheye kom loss onek valo. Use this purchase power as per point no. 1. by JC
2) I've cash and share : Pls. see the point no. 1.
3) I've share : I assume that you've failed to put stop-loss. You should take the advantage of any short bull run. Convert your some share to cash. I think, besi loss er cheye kom loss onek valo. Use this purchase power as per point no. 1. by JC
Tuesday, October 11, 2011
DSEGEN INDEX
Those who are still holding shares without applying STOP-LOSS, tader-k ei Oval gulor dikey takiye thaktey bola chara ar kichu-e bolar nei. Let's see what is the action of the index in this support zone. Asa kori index amader khub besi nirash korbey na. by JC
NPOLYMAR
Please look at the chart. Price is still above the BB mid line.
What should we do now : BUY/HOLD/SELL? :
Buy : Yeah, If you able to put a tighten stop-loss.
Hold : Yeah, until it goes to below BB mid line or hit you stop-loss.
Sell : Whenever it it goes to below BB mid line or hit you stop-loss.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
Monday, October 10, 2011
DSEGEN INDEX
Pls. look at the chart. Again a doji outside of Bollinger Band. Hopping a short bull this time also. Resistance is Bollinger mid line, i.e. a dynamic resistance. Let's see what happen..... by JC
Saturday, October 8, 2011
APEXTANRY
Pls. look at the chart. Price is still above the support bar. Volume is low. Seller are not interested to sell in low price.
What should we do now : BUY/HOLD/SELL? :
Buy : Negative for breakout trader. Position taker may taste it if you have some idle money. Your stop-loss should be the support bar.
Hold : Yeah, until it hits your Stop-loss. Your stop-loss should be the support bar.
Sell : Whenever it breaks the support bar.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
What should we do now : BUY/HOLD/SELL? :
Buy : Negative for breakout trader. Position taker may taste it if you have some idle money. Your stop-loss should be the support bar.
Hold : Yeah, until it hits your Stop-loss. Your stop-loss should be the support bar.
Sell : Whenever it breaks the support bar.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
EHL
Pls. look at the chart. Price is just outside of the upper band of BB. Volume also looks impressive.
What should we do now : BUY/HOLD/SELL? :
Buy : Yes. If you able to put your stop-loss. Pls. also keep your mind that it may come down if the fresh money can't hold the present price.
Hold : Yeah, until it hits your Stop-loss.
Sell : Nope. Let your profit to run until it hits your Stop-loss.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
PRIMETEX
First of all please look at the price chart. The close price is just staying above the BB mid line and it has given a little gap. But the volume is still low.
What should we do now : BUY/HOLD/SELL? :
Buy : Need volume confirmation.
Hold : Hold it until break your Stop-loss.
Sell : If it breaks your Stop-loss.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. by JC
DSEGEN INDEX (Weekly Update) :
DSEGEN INDEX (Weekly Update) : Before discussion pls see the below data :
DSEGEN INDEX:
This week average : 5780
Last week average : 5883
Difference (Point) : -183 (-1.78%)
VOLUME:
This week average : 3329737500
Last week average : 4183628000
Difference (Taka) : -853890500 (-25.64%)
If we compare this week average with last week average, we find that General Index has fall 183 point (i.e. 1.78%) and volume has also fall approx. 85 crore.
Now, please look at the Chart. Index is staying just below the BB mid line and staying at strong bearish zone. BB mid line is acted here as a dynamic resistance line. We should watch it carefully how the price break the dynamic resistance line, i.e. with large volume or not. Nearest support is around 5600.
Another one thing I have pointed in the chart. I've tried to find a similarity between last candlestick and the previous immediate reversal candlestick or it may be the continuation of p*****t trend.
If you read my last week DSEGEN INDEX (Weekly Update), you need not read the below writing except last paragraph.
What should we do now :
=> If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability.
=> If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.
=> If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.
=> If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market. Whenever you will find the trend is positive, you may start to convert your cash to share as per your money management policy. Pls. don't forget to put stop-loss.
Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah.
by JC
DSEGEN INDEX:
This week average : 5780
Last week average : 5883
Difference (Point) : -183 (-1.78%)
VOLUME:
This week average : 3329737500
Last week average : 4183628000
Difference (Taka) : -853890500 (-25.64%)
If we compare this week average with last week average, we find that General Index has fall 183 point (i.e. 1.78%) and volume has also fall approx. 85 crore.
Now, please look at the Chart. Index is staying just below the BB mid line and staying at strong bearish zone. BB mid line is acted here as a dynamic resistance line. We should watch it carefully how the price break the dynamic resistance line, i.e. with large volume or not. Nearest support is around 5600.
Another one thing I have pointed in the chart. I've tried to find a similarity between last candlestick and the previous immediate reversal candlestick or it may be the continuation of p*****t trend.
If you read my last week DSEGEN INDEX (Weekly Update), you need not read the below writing except last paragraph.
What should we do now :
=> If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability.
=> If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.
=> If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.
=> If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market. Whenever you will find the trend is positive, you may start to convert your cash to share as per your money management policy. Pls. don't forget to put stop-loss.
Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah.
by JC
Wednesday, October 5, 2011
Relation of Price and Volume : Part 4
Price goes up with large volume : When price goes up with large volume, we theoretically say that there are increased of new buyers (greed) to replace the old sellers (fear). Not only that, most of the time these new buyers are paying a higher price to buy this share and the old sellers are asking for more premium to sell that share. This is a good sign, especially for breakout of resistance. by JC
Tuesday, October 4, 2011
Market Trend
Today I’ll discuss regarding the market trend. Usually, we see three types of trend in the market. Up or Bullish, Down or Bearish and Sideways market. I think you know very well regarding these. So, I’m not going to give any definition. But how do you indentify these? It’s easier to identify it by chart. I’m sharing my view with you. I use Bollinger Band (BB). Please see the chart.
Where you will get this band? If you use any charting software, you will get Bollinger Band with your software. Or you may go to www. Sotckbangladesh.com
Now you understand that – When you will buy? When you will sell? and When you will watch the market? Chup chap bosey thaka-o ekta trading policy. by JC
Sunday, October 2, 2011
PRIMETEX
First of all please look at the price chart. The close price is staying between BB mid line and extreme bearish zone. Need to look how it break the BB mid line.
One thing is interesting to me. On September 22, 2011 someone/people tried to pull it up. i.e. they don't want to let it down. Good. We want it.
Now look at the volume. Last 5 days volume is look good than the previous 5 days. Good. We also want that. We will also look the next upcoming 5 days volume.
I hope within 2/3 days it will show its trend (up/down/sideways) and we should act accordingly. Next week I'll also give a update regarding PRIMETEX.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intension to buy it, (3) I'm suggesting you to buy it. by JC
One thing is interesting to me. On September 22, 2011 someone/people tried to pull it up. i.e. they don't want to let it down. Good. We want it.
Now look at the volume. Last 5 days volume is look good than the previous 5 days. Good. We also want that. We will also look the next upcoming 5 days volume.
I hope within 2/3 days it will show its trend (up/down/sideways) and we should act accordingly. Next week I'll also give a update regarding PRIMETEX.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intension to buy it, (3) I'm suggesting you to buy it. by JC
Saturday, October 1, 2011
MARICO
First of all please look at the price chart. The close price is staying just above the BB mid line but last candlestick is on the mid line. Did not find any sign of expanding of BB band.
Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intension to buy it, (3) I'm suggesting you to buy it. by JC
Now look at the volume. It's positive. Previously we had also got the positive volume two times (I've marked it on the chart). And it was a wrong signal. But we cannot say this time it is also a wrong signal. Only Allah can say (It was also marked it by question (?) mark).
I hope within 2/3 days it will show its trend (up/down/sideways) and we should act accordingly.
Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intension to buy it, (3) I'm suggesting you to buy it. by JC
DSEGEN INDEX (Weekly Update)
DSEGEN INDEX (Weekly Update) : Before discussion pls see the below data :
DSEGEN INDEX:
Sep 29, 2011 : 5910
Sep 22, 2011 : 5652
Difference (Point) : 258 (4.37%)
VOLUME:
This week average : 4183628000
Last week average : 3477132000
Difference (Taka) : 706496000 (16.89%)
If we compare this week with last week, we find that General Index has raised 258 point (i.e. 4.37%) and volume has increased a little bit i.e. approx. 71 crore.
Chart : 1
Now please look at the Chart 1. I've just tracked the action of weekly Index difference and Volume difference. Please note that the chart 1 has no any technical value. It is just only for tracking purpose. If you are interested to see how I've got the data, pls. check my previous DSEGEN INDEX (Weekly Update) post.
Chart : 2
Now, please look at the Chart 2. Index is staying just below the BB mid line and staying at bearish zone. We will watch it carefully how it break the mid line, i.e. with large volume or not.
One important thing we should not miss. We need to find out that we are in a pullback stage or not.
Elliott wave lover, would you pls. tell us which wave are we staying? Pls. share with us. In a very little short view, we are staying at the end of wave 2 or beginning of wave 3.
What should we do now :
=> If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability. Please note that index is not at Extreme Bearish Zone.
=> If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.
=> If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.
=> If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market. Whenever you will find the trend is positive, you will start to convert your cash to share as per your money management policy. Pls. don't forget to put stop-loss.
Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah.
by JC
DSEGEN INDEX:
Sep 29, 2011 : 5910
Sep 22, 2011 : 5652
Difference (Point) : 258 (4.37%)
VOLUME:
This week average : 4183628000
Last week average : 3477132000
Difference (Taka) : 706496000 (16.89%)
If we compare this week with last week, we find that General Index has raised 258 point (i.e. 4.37%) and volume has increased a little bit i.e. approx. 71 crore.
Now please look at the Chart 1. I've just tracked the action of weekly Index difference and Volume difference. Please note that the chart 1 has no any technical value. It is just only for tracking purpose. If you are interested to see how I've got the data, pls. check my previous DSEGEN INDEX (Weekly Update) post.
Now, please look at the Chart 2. Index is staying just below the BB mid line and staying at bearish zone. We will watch it carefully how it break the mid line, i.e. with large volume or not.
One important thing we should not miss. We need to find out that we are in a pullback stage or not.
Elliott wave lover, would you pls. tell us which wave are we staying? Pls. share with us. In a very little short view, we are staying at the end of wave 2 or beginning of wave 3.
What should we do now :
=> If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability. Please note that index is not at Extreme Bearish Zone.
=> If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.
=> If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.
=> If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market. Whenever you will find the trend is positive, you will start to convert your cash to share as per your money management policy. Pls. don't forget to put stop-loss.
Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah.
by JC
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