BANKBARODA: ₹161 is showing a strong recovery after the break from the bottom trend line, good for a Swing Trade. Next resistance ₹195 stop loss:157 Trend line support.
Comments
rajkat
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Now is it time to buy ?
padiyara
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@rajkat, Instead looking for time, See the levels only, if it is trading above 157 buy at any price for a target 195
in short term like 3 months.Dont bother much about time.
By the way what happened your confusion about TRIVENI ENG ? :D
rajkat
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@padiyaraa, Thanks for the help, sometimes i don't understand the technical terms used here, hence not getting anything, im very new in this thing, trying to learn stuff an play safe as much as possible.
Btw, do you suggest this : zerodha.com/varsity
padiyara
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@rajkat, you welcome.
I understand the things in a better way and have no problem at all for asking questions and confirm before you invest your hard earned money.
you dont required to know every thing about technical or fundamentals. but at least understand the support, resistance and stop loss level,
and be sure about that. Don't be a DOUBTKING, it is some nice member ID, I found in this forum ,ideal for you too. :D
Zeroda is giving good lectures about almost all the aspects of technical and fundamental of the stock market investing,
I strongly suggest people to go tru it and lean something.
rajkat
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@padiyaraa, Thanks i'll start reading from today..
Do you think investing in JSWSTEEL is good ?
padiyara
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@rajkat, sure, JSWSteeel is far better than any other steel stocks. its DEBT is the only concern but.
Otherwise the sales is improving and the quarters are showing good numbers now. it has a potential to move towards 500.
today's move is a kind of break out.
rajkat
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@padiyaraa, Wow! Thanks man, i just had one more doubt about the stock exchange. How do i decide if i should buy in NSE or BSE ?
padiyara
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@rajkat, you can search in google, that is beyond the scope of an analysis :D you can select any exchange.
if i find some details i will post later.
padiyara
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@rajkat, Just think of many Mobile services or share brokers we have, and the concept of many exchanges that have the same shares is looks strange, also a confusion for most beginners.
We have BSE established in 1855, NSE - 1992. Calcutta -1908 cochin (closed) Banglore ,Inter-connected Stock Exchange of India,Multi Commodity Exchange of India,OTC,Pune Stock Exchange ,National Commodity and Derivatives Exchangeand and many more like that,out of which BSE & NSE are two principal biger exchanges. NSE is using modern technology where as BSE is still way back in old ninetys
However different both NSE & BSE are from each other, their primary function remains the same and they do a pretty good job at enabling people to invest and trade.
Some of the scrips listed in BSE are questionable due to their manipulative and nontransparent method of trades and schemes. NSE seems to be reliable and I do prefer to trade with NSE only. Otherwise you hold any scrips , it has itan ISBN number and SEBI is controling all, we don’t need to worry anything about the asset we have.
padiyara
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@rajkat, BSE is Asia's first Stock Exchange,
Flagship Index: BSE - Sensex,
No. of listed companies: BSE - 5750 +,
Market Share: BSE worth ₹ 94.65 trillion,
Technology used: BSE - Old School,
NSE - India's Largest Exchange.
NSE – index Nifty 50
NSE – listed 1700 +
Market Share:,NSE worth ₹ 91 trillion
NSE - Adopts modern technology.
I think that is enough information one need to know about exchanges.