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Reading stock charts and identifying the correct buy/sell point from the chart pattern/base formation is key skill of a successful investor. Learn what are the common chart patterns.

Like a live wire or a football, this market is bouncing around in a way that has even the best chart readers are confused. When that happens, and volatility explodes, it is best to trade smaller- and less.

With the stock market turning volatile this year, many stocks have formed base-on-base patterns. Keep an eye out for those, because they tend to be strong chart formations. The base-on-base is, of course, a combination of two bases.

With the stock market turning volatile this year, many stocks have formed base-on-base patterns. Keep an eye out for those, because they tend to be strong chart formations. The base-on-base is, of course, a combination of two bases. The stock forms a base but does not rise much in price from the buy point. That's often because the general market comes under selling.

Any way investors look at it, almost all signs are pointing south right now. Current economic numbers and charts agree…the market looks weak and heavy.

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.

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Iran was the big inmporter of Soyameal of India till the last year but now Iran has reduced the purchase of soymeal from India. From last 4 month Iran din't pruchase not even a kilo of Soyameal from India. NCDEX Aug Turmeric's uptrend seems to be over at 7724 levels and reversed the uptrend by forming a "bearish engulfing" candlestick pattern on daily charts. This development can drag the prices further down towards rising trend-line support of 7410 and 7270 levels. Read more here- http://www.pinnaclefinancial.in/blog/iran-deal-effect-on-indiacommodity-tips-and-updates/

The Market is telling us it believes Europe can effectively address its bank and debt woes. Buyers getting aggressive, charts coming to life.

MCX Apr Nickel; a weak close followed by an "inverted hammer" candlestick pattern on daily charts indication that the trend remains weak and further fall can be possible towards 785 levels, slips below the same next level would be around 773 levels. Hence, any rise can be limited at 805 levels.

NCDEX May Dhaniya; a weak close followed by a "spinning top" candlestick pattern on daily charts renders that the trend remains weak and is likely to extend the decline towards 9265 & 9112 levels. Hence, upside resistance pegged at 9530 levels. NCDEX Call: SELL NCDEX Dhaniya Around 9530 levels for the target of 9265-9110 with stop loss at 9651. Get more NCDEX Commodity Tips here- http://commodity-intraday.blogspot.in/2015/04/free-ncdex-tips-and-trend-today-13.html

"What seems too high in price and risky to the majority usually goes higher, and what seems low and cheap usually goes lower." - William J. O'Neil

How do you use relative price strength to pick stocks?

JSW Steel is currently trading at Rs. 753.80, up by 8.90 points or 1.19% from its previous closing of Rs. 744.90 on the BSE. The scrip opened at Rs. 744.90 and has touched a high and low of Rs. 758.60 and Rs. 744.00 respectively. So far 28601 shares were traded on the counter.

NAME Bajaj Auto Dr Reddy Maruti Tata Motors The Above Stocks have given a buy signal....which means one can take a position either in the stock or Stock Future.....keeping a Stop Loss of 1% from the purchase price....and continue the position.....everyday adjusting the Stops....locking in the the profits...till the Signal turns....to 'Sell'