Friday, October 30, 2009

Ready for a bounce

Looking at chart above we could see that market was ready for a bounce as it has bounce back from same area two times earlier since april this year and global cues today suggest the same.

5 comments:

  1. Thank u very much for your pre market view.

    Regards

    ReplyDelete
  2. hi afzala,
    atr is average true range, so if atr(5)of your stock is 5 on the day which you buy your stock so this way your stop loss would be 3*atr(5)=15 i.e 15 rs less than your buy price.

    ReplyDelete
  3. Hi renu,
    this was a nice chart.. can u let me know if there is any site where this chart is available on a daily basis?

    ReplyDelete
  4. Hi ketan,

    i scan my software EOD to get this chart.

    renu

    ReplyDelete