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  #11 (permalink)  
Old 17-05-2013, 01:47 PM
kkseal kkseal is offline
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Originally Posted by bestnifty View Post
A noob question .
what is the diff bet VSA and float volume analysis.

The key to FVA is the float turnover When the traded value in a stk (in sideways consolidation) is equal to it's float (Where it gets killed is that there can be multiple float turnovers before any move happens).

I am trying to quantify a few things in price-volume myself If get anywhere will have this thread for a cross-check. In the meanwhile best of luck to bunny Great perseverance.
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Last edited by kkseal; 17-05-2013 at 01:50 PM.
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  #12 (permalink)  
Old 17-05-2013, 03:30 PM
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Default BHARATFORG

Originally Posted by bunny View Post
BHARATFORG has a confusing pattern. But there is strength in the background and no selling pressure at present. This stock also seems ready for a sharp up-move. Prevailing price volume action has the potential to take the price up to 260. Advise long on BHARATFORG. LTP as per NSE website is 233.20

And the sharp up move seems to be starting now.
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Old 17-05-2013, 09:18 PM
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OPTOCIRCUI (Opto Circuits India Limited) - Lots of strength and accumulation seen. There is a glaring opportunity for those who are fond of fishing for the bottom. The "big fish" are buying lots of this stock. There is only little downside possible from here. The only disadvantage is that we do not know how much time would it take for the uptrend to begin. Its may take 5, 10, 15 or simply 2 sessions. LTP on NSE website is 52.70. Once the uptrend starts, 71 and 80 could happen real quick.
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Old 17-05-2013, 09:28 PM
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Default AMTEKAUTO

AMTEKAUTO - A sharp up move has occurred. There is no selling pressure and the smart money is still buying this stock at the current prices. There is virtually no weakness in its price volume action. LTP as per NSE website is 86. 98 could happen quickly.

PS: I have long positions in this stock since the last week, based of my VSA analysis.
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Old 17-05-2013, 11:14 PM
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Thumbs down CADILAHC

CADILAHC - There is good strength in the background with a breakout from accumulation zone. On the daily bar of 17 May 2013, the big fish seems to have gone hunting to trigger stops of the long positions presumably already held by "weak holders" who are likely to cause casualty to any up-move. The good news is that there is low volume on this bar. Expecting it to move like a bullet to 920. LTP as per NSE website is 815.
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Old 18-05-2013, 01:45 PM
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Do you use some kind of VSA based scan to spot the probables (at least for the initial screening)? Or is it all through visual inspection?

IMHO, the end-of-week bars the profit booking effect needs to be considered.
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Old 18-05-2013, 02:09 PM
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Originally Posted by kkseal View Post
Do you use some kind of VSA based scan to spot the probables (at least for the initial screening)? Or is it all through visual inspection?

IMHO, the end-of-week bars the profit booking effect needs to be considered.

I have written a custom application(PHP, javascript, HTML/CSS) based to create HLC charts for myself.

I am yet to write scanner algorithms for it. At present, stock selection is by randomly going over the charts.

Have not considered the end of week profit booking because there is no such thing mentioned by Tom Williams or Gavin Holmes in their VSA literature.
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Old 18-05-2013, 02:34 PM
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But if you notice these against-the-trend bars often happen on the last day of the wk (usually on low-to-normal volumes).

Your view on KTKBANK? Don't see much selling pressure (though the buying hasn't been spectacular either) Will cash out of either this or UNIONBANK.
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Old 18-05-2013, 02:52 PM
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Default KTKBANK

Originally Posted by kkseal View Post
But if you notice these against-the-trend bars often happen on the last day of the wk (usually on low-to-normal volumes).

Have not thought on those lines.
Originally Posted by kkseal View Post
Your view on KTKBANK? Don't see much selling pressure (though the buying hasn't been spectacular either) Will cash out of either this or UNIONBANK.

Regarding KTKBANK, there is no weakness because there is no supply/selling from a zone where it could possibly have arisen. The daily bar of 06 May 2013 implies bullishness, and the daily bar of 17 May 2013 seems like a successful low volume test(though its not a down day exactly)

One reason the stock has gone sideways after the breakout of 06 May could be the high volume down bar seen on next day(07 May). Compare that volume to much lower volume on 16 May.

The 17 May bar is not a down day exactly, but it does seem like a successful low volume test that has ruled out selling.

I would prefer KTKBANK over UNIONBANK, simply because KTKBANK chart seemed easier to analyse than UNIONBANK chart. Few things that make me uncomfortable on UNIONBANK charts are the high-volume up bars closing in the middle/low on 09 and 16 May. One sign of weakness missing on UNIONBANK chart is that the price has not fallen on 17 May. It seems like successful a low volume test, which not only rules out weakness but also impresses upon as a sign of strength. But still, to avoid the stress resulting due to confusion, I would trade KTKBANK.

Last edited by bunny; 18-05-2013 at 02:59 PM.
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  #20 (permalink)  
Old 18-05-2013, 03:02 PM
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The slightly worry bar for me was the one on 13th May (on rslt day) But seems to be ok now.

My leanings too are towards KTKBANK over UNIONBANK (which is more iffy but rt on support) Let's see.
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