iCharts Discussions

[yawalkar]

dear casper,
can you help me? How to find bo/ bd stock?
Can we search such stock from i chart? Or we have to search it manually?

[casper]

if u want to search in eod then click on the stock list button on ichart. menu(at the left hand side) from here select price/volume expansion list

it will provide u lots of recommendations. now u hv to manually open each of them and by drawing trend lines u need to find the cause of bo. the stocks in that list has just broken out, if u find the reason is valid enough u can consider the scrip for trading

while searching for the reason dont try to check all the patterns. try to find if there is an valid ascending triangle/ symmetrical triangle is there or not, because other pattern are really rare to find and most of the time u will see only these two patterns responsible for bo

in a normal bullish day u will see 40-50 scrips are listed here, start from the first and go through them one by one, its strenuous but would give u lot of practice and soon u will be able to identify patterns at a glance

when u r so used to pick up a pattern, try real time chart, its tougher as here no list is available and u have to check all of the charts manually

it may seems very strenuous but ultimately as we dont need more than 2-3 scrips so we really dont need to go through all of 400 stock listed in jchart

no support other than this price volume list under the head of stock list is available in ichart so far

while drawing trend line always keep in mind that u r supposed to join the bottom to bottom and top to top if there is valid pattern then it will show up, dont ever try to bring any stock by force, if there is a pattern it will emerge just like the morning sun!!
meaning u dont have to struggle it will show up naturally