icecool

I too have absolutely no clue about this bump thing. I have sent a message to forum moderators using contact us button on the top left. I am sure that they will look in to the matter and if something is wrong from our side, they will inform us. I am awaiting their reply. But it is highly irritating to see this bump stuff.

Hi all, This thread is mainly by a beginer in trading. My aim is to learn trading by keeping the charts as simple as possible. I have been told that simple things work beautifully. I have been told that I must learn to trade based on price, volume and time data alone. That is why as far as possible, I am traying to avoid indicators. As I said I am a newbie, I definitely require your help. Your help to rectify my mistakes, your help and guidence to improve my thought process and learning process. I have heard that this forum contains many expert traders and that members here are extremely helpful to one another. I have also heard that there are many invaluable threads in this forum that an aspiring trader must read. I shall post charts mainly from NSE and BSE (Indian Stock Exchanges) and ocassionally I shall try my hands at US traded charts. Those will be paper trades. Thanks for reading my first post patiently. icecool Bump: Here is the first stock. ICICI Bank. For non Indian traders yahoo ticker code is ICICIBANK.NS First long term picture. Monthly. Stock is in clear downtrend eversince it hit its all time high slightly above Rs. 1400/-. What is surprising is that ever after correcting so much, i.e. from Rs. 1400/- to all the way to Rs. 400, the second boxed area did not offer any support. At least a short term counter trend bounce also did not happen. Price went straight down through that boxed area no. 2. See volume at price on the leftside of the chart. Balanced trade did take place around this box no. 2 area. But this has not supported price this time. But, notice that the highest volume is on that candle which pierced through box no. 2 area. It closed in the middle. Is it indication of strength? Next candle is also down but with lesser volume and it closed below box no. 2 area. Now how do you interpret this chart? As strength creeping in or as further weakness ahead? Bump: Now the weekly chart of the same stock (ICICI Bank) Highest volume is on the inside candle (bar) which closed on the lows. See the first arrow candle. See the second arrow candle. It seems like an upthrust. Don't they imply inability to rally? i.e. increasing supply? I mean dumping of stock irrespective of value? Also, see the distance from the trendline to these two arrow marked candles. Is it not significant that this sign of weakness is appearing when the stock has already moved far away from the trendline? I mean stock is not even making an attempt to reverse close to supply line (trendline)? Bump: I donot know what does that bump in my post mean. I posted my first post about two hours ago and second post (monthly chart post) about 30 minutes ago and third post (weekly chart post) about 5 minutes ago. To my utter surprise, all these posts are now appearing together with the word "bump". I donot know whether this post is also going to "bump" Bump: As expected the fourth post also "bumped". Now here is the daily chart of ICICI Bank Are we seeing sign of strength in daily chart?