2008 has not been too good for Indian stock Markets. Thousands of investors and traders have lost crores of rupees in recent bloodbath.
What should investors do in such a volatile market? Should they stay away or take advantage of low stock prices?
According to me, right now is the best time to put money into stock markets. The only important aspect is one has to be very careful and stock specific while investing. One needs to look at not only the fundamentals, but also do some amount of technical analysis. Most of the professional traders and investors use technical analysis to do their stock picking, but it seems to be too complex for part-time investors like you and me. Simply put, technical analysis is the examination of past price movements to forecast the future price movements based on number of factors and calculations.
This is where Vantagetrade comes into picture. It does all the hard work for the investor and throws up exactly what he wants to know in a simple language.
For Example: I am keen on buying L&T stock. I know the fundamentals of the company are great and they have many orders in pipeline. But I am not sure if today is the best time to buy this stock. Technical Analysis with Vantagetrade is the answer.
Just enter the company name or stock symbol and it puts across the technical analysis in simple language that you and me can understand.
Here is the suggestion Vantagetrade gave me for Larsen & Toubro stock:
The Trend Position:
The trend is up. Logically, you should consider being long even on weak buy signals.
This Day’s Direction and Strength:
Note: The analysis in this section refer’s to this stock’s price action alone, and not the overall trend.
- This stock’s price direction is up.This is a Normal buy signal. You could buy on this stock towards the close or in the next session, between 2990.81 and 2996.79.
- On a scale of 1 to 100, this signal is 58.9 %.
The volumes traded for this stock are not very high.
Stop Loss Levels:
To ensure minimum loss of capital, or to lock in your profit, it is advised that you place your stop loss if you are long, and if the last traded price is below 2648.8.
This stock’s last traded price is 2993.8.
Nice and simple ! Even Technical Analysis suggests that it is a good time to buy the stock. Go ahead make some money :)
What I liked most about Vantagetrade is the simplicity with which it displays the information. The search is excellent and fast. The information display is intuitive. Liberal use of ajax makes it very fast for the user
At the same time Vantagetrade is viral with social bookmarking buttons and RSS feeds integrated.
Give it a try and let me know if you find it impressive !