How to interpret

Start Application, below screen will appear

 

STEP - 1 , Select Exchange.

 

 

 

STEP - 2, Select Company or Fill SYMBOL of the company

 

STEP - 3, Click View Button

 

you will able to see a black screen with red & blue color and  you will find various column in that e.g. Date, Open, High, Low, Close, Change, Range, Volume, Adv. Trend, %, Status

 

 

 

Date: It show the market rate of selected script for particular date e.g. open, high, low, close. If in date column you find ‘Next Day’ then it show the market movement for next day e.g. you will able to see 28-May-2008 and in very next row you will find Next Day it means it tells you the market for 29-May-2008

 

Range : it shows the top and bottom of the script e.g left side figure show the bottom target and right side figure show the top target of particular script. when trend & range show blue color then it  means  buy the script when it show the red color then it means to sale the script but we have also consider the "ST" column, weekly level, monthly level and also quarterly level.

 

Adv. Trend : advance trend is known as future level of script which may achive by the script in short term or in long term.

 

% : it shows the Over Bought or Over Sold %, generally we consider 8% To 10% or above  as over bought zone and -8% To -10% or below as over sold zone.

 

St. : Means status which have value like "N = Neutral", "OB = Over Bought" and "OS = Over sold"

 

 

 

Support & Resistance Level

If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades.

 

The three most important pivot points are Resistance Level 1, Support Level 1 and the actual Pivot Point.  The general idea behind trading pivot points are to look for a reversal or break of Resistance Level 1 or Support Level 1. By the time the market reaches Resistance Level 2,Resistance Level 3 or Support Level 2,Support Level 3 the market will already be overbought or oversold and these levels should be used for exits rather than entries.

 

A perfect set would be for the market to open above the pivot level and then stall slightly at Resistance Level 1 then go on to Resistance Level 2. You would enter on a break of Resistance 1 with a target of Resistance 2 and if the market was really strong close half at Resistance Level 2 and target Resistance Level 3 with the remainder of your position.

 

Interpretation with various combination (Very important topic)

 

  1. When any script show blue color in range then it mean buy script, but we should also see the status column. e.g. range is blue but status is red then we have to take care while buying the script. it tells you buy script in overbought zone so it is little bit risky to buy the script, although if we want to buy then keep range left side figure as buying stop loss.

  2. When any script range and status column show blue color then it means script is best buy.

  3. When any script range and status column show red color then it means script is best sell.