Bharti & HLL ....is best pick !!!

[uasish]

hi Sarfarazd, im holding 12 tata tea@647, and 80 [email protected],
i know both the stocks are not performing very well, but i'll have to stick to them for a while until i make some profit, also on monday the market is expected to fall for a while because of india losing to sri lanka in cricket, but as im not a cricket fan so it doesn't bother me a bit and i see this as a very good opportunity for picking any good stock for short term.

innocent_trader,
Do you have EOD data & any software ?

Asish

 

[leopradeep]

hi Sarfarazd,
i was feeling quite depressed because of the losses i had, almost 90% of my capital is lost, now i've kicked day trading and am doing swing trading, and btst, it suits me fine and i also make moderate profits. i hope to recover at least 50% of my capital within this year without putting in anymore money.

I feel very sorry that u have lost 90% of your money.
Intra day trading will never give fruit, but eat your fruits.

Keep an eye on Cinemax , Icra(after listed) , Niit Tech(short term-buy@~440-sell when it crosses 460-it may touch 490/--price of this stock fluctuates at these levels)
Guys, are there any issues with the stocks i recommended? please help me and most importantly the innocent trader to recover his money soon and safe.

 

[uasish]

I feel very sorry that u have lost 90% of your money.
Intra day trading will never give fruit, but eat your fruits.

Keep an eye on Cinemax , Icra(after listed) , Niit Tech(short term-buy@~140-sell when it crosses 160-it may touch 490/--price of this stock fluctuates at these levels)
Guys, are there any issues with the stocks i recommended? please help me and most importantly the innocent trader to recover his money soon and safe.

leopradeep,
It is better to provide a ife long method or ways than a temporary way out.
Most of us has lost lots of money ,which he is going through that state now.
Only his monk like focus & conviction & real hard work can help him .I have faith on this north indian guys ,he will come out of it within few momnths.
Asish

 

[innocent_trader]

leopradeep,
It is better to provide a ife long method or ways than a temporary way out.
Most of us has lost lots of money ,which he is going through that state now.
Only his monk like focus & conviction & real hard work can help him .I have faith on this north indian guys ,he will come out of it within few momnths.
Asish

hi uasish,

im having amibroker but getting eod data in it was a little difficult at first, how many eod .csv files should i use first?

i've been going through many seniors' posts on this forum and got some info about using amibroker, also checked this senior member's post

Moving averages work great in a trending market but fail miserably in a ranging market. Relying solely on moving averages as a trading system is not at all advisable nor reliable.

I agree with your comments in theory, I use Moving Averages to intra-day trade. What I feel is most important is the Money Management you utilize. For example, there are hundreds of indicators from moving averages to stochastics, and there are many traders who are successful. The reason they are successful isn't the indicator, it is the money management. When the entry is made, and the exact whether it is a profit or a stop. It is all about preservation of capital.

I use moving averages with a paticular pattern. When that patter happens above or below the moving average, that is when I take a position. I will also use a trailing stop to follow to capture profits. The great thing is that you can use this on an intraday level or multiple days.

Commando Trader
www.commandotrader.com

http://www.traderji.com/technical-analysis/21-moving-average-trading-system-7.html

still it seems that learning TA will help a lot in understading stock/sector behaviour.
i've also downloaded PowerScan136Full as it is recommended for understanding the working of amibroker best. will check it out later.

regards

 

[uasish]

innocent_trader,
Stick to one software (1st),Ami is quite good (i prefer only Metastock,but Ami is very user friendly).Your 1st task is to feel the software,plz dont mind if i am little bit regimental & authorative to you.Know how to operate the sw.

Asish

 

[innocent_trader]

innocent_trader,
Stick to one software (1st),Ami is quite good (i prefer only Metastock,but Ami is very user friendly).Your 1st task is to feel the software,plz dont mind if i am little bit regimental & authorative to you.Know how to operate the sw.

Asish

ashish,
i think you've been very helpful to me, esp. in giving me so much to think about and learn about stock market. but still im picking up a few stock here and there as i always listen to all the good advices and info but in the end its the mind which has to take the decision, wrong or right. also im giving some time to my other business as i have to take several delayed payments, but im not going to put even a single extra penny in the stock market now for at least 3-4 months. although i was thinking of adding 2 lakhs before, but now i don't think its a good idea esp. since my indiabulls rm guy is a jerk, anytime i ask him for some info regarding a specific stock he tell's me that he'll have to ask a senior and will tell me later, and the kiddo never calls back, and if he does, then he'll be recommending several other stocks, what an irritating fella in fact my experience with indiabulls is forcing me to switch to a better brokerage house, and i think reliance money is looking quite attractive with really cheap brokerage. any recommendations from your side?

 

[uasish]

innocent_trader,
It depends on your comfort level.Reliance Money is offering very good brokerage,rather best so far,but there set up is still not in full function,hence
support service may falter.I have 5paisa & Indiabulls since long & more comfortable with "Iris Software" intraday interface,custom built for 5paisa,PIB,Sharekhan.Whereas Reliance Money is yet to come out with their quality Intraday charting facility.Decision is absolutely personal choice,regarding brokerage,i had no problem with both 5paisa & Indiabulls,rather negotiated further on the very day Reliance Money representative called at my place last month.

Asish

 

[innocent_trader]

hi Asish

im also a bit worried about reliance money's service, but their so much talked about low brokerage is quite tempting, i've talked with the reliance guy a couple of days ago.

 

[innocent_trader]

...Sarfarazd, where are you frnd?

 

[harmads]

Hi
This thread seems to have diverted from its main subject i.e Bharti & HLL..just trying to bring it back on track:

Can somebody comment on what is happenning to Bharti's Intraday charts. Its been consistenetly going down since Friday.. would appreciate any insider view...

Thanks & Regards