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

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

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

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

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.

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