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candle stick and intraday

Discussion in 'Introductions' started by vankudrevakil, Feb 28, 2013.

  1. vankudrevakil

    vankudrevakil New Member

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    Hi shabbir thia is my 1st post.just read ur ebook.understood a lot of basic.I wanted to ask how to read candlestick chart for intraday and how much period has to be chosen for chart.
     
    vankudrevakil, Feb 28, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Hi Snehal Vankudre and welcome to the forum. For intraday in daily charts I prefer 1 min to 2 min candlesticks.
     
    shabbir, Mar 1, 2013
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  3. vankudrevakil

    vankudrevakil New Member

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    best site to use candlestick

    Dear bhai which is the best site to follow for intraday candlestick?
     
    vankudrevakil, Mar 1, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    None. You should not be following those on your site but it should be part of your trading software.
     
    shabbir, Mar 2, 2013
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  5. vankudrevakil

    vankudrevakil New Member

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    candlestick software

    Good morning. I just wanted to know which software to buy or r there any free and reliable softwares on net. Further I am thinking in concentrating on 5 sensex shares and 5 midcap shares for trading. Is it fine or I should adopt any other strategy. I want to convey that that I am advocate by profession and can't look into minute to minute movement so I need software or strategy which will prepare me a day before or during opening 1 hour.pls guide.
     
    vankudrevakil, Mar 2, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Good morning. I don't think you need any software because it is needed only for those who need intraday minute charts. You being an advocate would be able to trade based on end of day chart and you can look for www.chartnexus.com which is free for end of day charting in NSE and BSE.

    Regarding list of stocks I think you are trying to generalize on 5 and better should be to choose those stocks that fall into the pattern you prefer trading instead of focusing on midcap large cap thing.
     
    shabbir, Mar 2, 2013
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  7. vankudrevakil

    vankudrevakil New Member

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    selection of stocks

    thanks shabbir for chartnexus. i am grateful. i will study the data and choose in which sector or stock my mindset fits in and then will select the stock. i am hesitant in investing in 4 digit stocks as i have started with minimal cash reserve and next thing i want to minimise my risk by selecting stable shares.i love doing intraday as it keeps me young and moving but i also want to invest for short term. i already took benefit of axis bank, shiv vani oil, finolex ind, by profit of 20%. i will increase my study and ask for advice. thanks
     
    vankudrevakil, Mar 2, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Any question you have and this forum is always open for you anytime, anywhere..
     
    shabbir, Mar 2, 2013
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