Scubidu wrote:QW25081985 wrote:am looking at the long-term trendline ON THE 10 YEAR CHART and when the index was at sub 1000 !!!!!!!!!!! and i think the fact that it's at the same place as 3k support is VERY bullish to me...we might have a false break around that support but its expected ..
maybe this is the bottom...maybe we should be buying now ...just maybe !!!!!!!
@QW. I have been trying to find the floor as well... but i'm not to good at the technical stuff. So do foreign fund managers look at technical indicators when they make a buy decision on NSE stocks? Also what role would something like share volume transacted play in terming the floor of the index or continuation of a downward trend? I'd appreciate your thots. Thanks.
i also would love to know the bottom but technicals give me an idea where it might occur. thats why i love charts as they help me map out investors emotions...
share volume is the most important aspect of a stock when trading stocks ..coz it gives you an idea of the level of bullishness or bearishness of a stock.when a stock rallies on weak volume you know you are in trouble and that rally cannot be sustained.when on the otherhand it falls on weak volume you treat it as a buying opportunity ...
foreigners i believe do technical analysis on the nse stocks coz i doubt they you blindly...
thats why i always make a point of knowing what volume was transacted on a stock before i buy...
lets just say volume id s the energy behind a stock and you need allot of energy to move a stock....