Charts for the Day

[anil_s_trivedi]

3/4 days after he became Delhi CM; his party is an ultra leftist thats why I changed my views about AAP.

AAP can be given a chance not at national level but at state level so I will route for AAP in Haryana which is plagued by corruption of Chautala, Hudda and Vadra.

IBreal has given a strong triple bottom in the weekly chart, at what levels shall I buy please help....

Dear Jain,

sorry man....IBrealestate not in my list....i confused it with IRB...sorry...

It got bounced sharply and with volumes rising, any pullback towards 51 is a good buy, with SL 48.7-49 levels...
Momentum short term UP, intermediate UP...long term flattening ...

 

[prst]

3/4 days after he became Delhi CM; his party is an ultra leftist thats why I changed my views about AAP.

AAP can be given a chance not at national level but at state level so I will route for AAP in Haryana which is plagued by corruption of Chautala, Hudda and Vadra.

IBreal has given a strong triple bottom in the weekly chart, at what levels shall I buy please help....

agree with u .
within a month, his true colors came out.
now, even scam tainted cong seems btr than party of anti-nationals, naxals like him .

 

[amitrandive]

Dear jain,

Yes IBrelaestate too is in my list, but i didnt cover the whole. Basically these are scrips which close above 50 DMA, and i study them with volume and relative strength and momentum, While analysing it i see stocks have little resistance on upside...thats it...

My complete list is:
Security Name
ANANT RAJ INDS
ASHOK LEYLAND
BANK OF BARODA
CAIRN INDIA
COAL INDIA
COLGATE PALMOLIVE
DISH TV (I)
DLF
GRASIM INDS
HAVELLS (I)
HERO MOTOCORP
HINDALCO
HOUSING DEV & INFRA
IDFC
INDUSIND BANK
IRB INFRASTRUCTURE DEVELOPERS
J&K BANK
JAIPRAKASH ASSOCIATES
JINDAL STEEL POWER
JSW STEEL
JUBILANT
MARUTI SUZUKI
NHPC
OIL (I)
ORIENTAL BANK
POWER GRID CORP
PUNJAB NATIONAL BANK
RELIANCE INDUSTRIES
RURAL ELECTRIFICATION
SINTEX INDS
STATE BANK OF INDIA
TATA POWER COMPANY
UNION BANK
YES BANK
ZEE ENTERTAINMENT

Anil Sir

Thanks for the list , and analysis !!!

What would be the triggers to catch these stocks when they breakout ?

 

[anil_s_trivedi]

Anil Sir

Thanks for the list , and analysis !!!

What would be the triggers to catch these stocks when they breakout ?

Dear amit,

The filter gives the stock, which crossed 50 SMA. So many scrips may be in downtrend and a pullback attempt have been making to 50 SMA. So it may be a catch.
One need to see nature of rise towards 50 SMA, positioning of 50 SMA, i mean flat to rising is better. Also any overhead resistance above i mean 200 SMA or something like that.
Next, as we know stock is rising, then it sohuld show certain pattern in making at the base. I mean it may be double/triple bottom like that. So that probability of more rise increases, as we know stock got hold on good support level.
If stock showing good relative strength vs. Nifty/sensex then its good.
You can also draw trendlines, and check that clearing trendlines on upside with crossing 50 SMA also on good volume is the final nailing which is required by trend followers.
Good stocks generally in uptrend always have pullback towards 50 SMA...some much more aggressive ones correct only till 21 ema. So there is a particular strength always shown by stock.
Remember, playing breakout patterns require more knowledge, bcoz if you sit on wrong level, it will spoil the whole trade, and then stock will move in your direction.
SO stay with patterns which you understand, and keep your risk/reward in check.
My stoploss is 8% for any stock. And it never exceeds 10% at max.
Next, Volume..if the rise till 50 SMA has more volume than previous bar whenever it make higher closing, and number of upbars>downbars, then chances of clearing 50 SMA and holding it have more chances.

 

[amitrandive]

Dear amit,

The filter gives the stock, which crossed 50 SMA. So many scrips may be in downtrend and a pullback attempt have been making to 50 SMA. So it may be a catch.
One need to see nature of rise towards 50 SMA, positioning of 50 SMA, i mean flat to rising is better. Also any overhead resistance above i mean 200 SMA or something like that.
Next, as we know stock is rising, then it sohuld show certain pattern in making at the base. I mean it may be double/triple bottom like that. So that probability of more rise increases, as we know stock got hold on good support level.
If stock showing good relative strength vs. Nifty/sensex then its good.
You can also draw trendlines, and check that clearing trendlines on upside with crossing 50 SMA also on good volume is the final nailing which is required by trend followers.
Good stocks generally in uptrend always have pullback towards 50 SMA...some much more aggressive ones correct only till 21 ema. So there is a particular strength always shown by stock.
Remember, playing breakout patterns require more knowledge, bcoz if you sit on wrong level, it will spoil the whole trade, and then stock will move in your direction.
SO stay with patterns which you understand, and keep your risk/reward in check.
My stoploss is 8% for any stock. And it never exceeds 10% at max.
Next, Volume..if the rise till 50 SMA has more volume than previous bar whenever it make higher closing, and number of upbars>downbars, then chances of clearing 50 SMA and holding it have more chances.

Anil Sir

Thanks for the detailed explanation :clapping:

 

[NANDAMAD]

Dear amit,

The filter gives the stock, which crossed 50 SMA. So many scrips may be in downtrend and a pullback attempt have been making to 50 SMA. So it may be a catch.
One need to see nature of rise towards 50 SMA, positioning of 50 SMA, i mean flat to rising is better. Also any overhead resistance above i mean 200 SMA or something like that.
Next, as we know stock is rising, then it sohuld show certain pattern in making at the base. I mean it may be double/triple bottom like that. So that probability of more rise increases, as we know stock got hold on good support level.
If stock showing good relative strength vs. Nifty/sensex then its good.
You can also draw trendlines, and check that clearing trendlines on upside with crossing 50 SMA also on good volume is the final nailing which is required by trend followers.
Good stocks generally in uptrend always have pullback towards 50 SMA...some much more aggressive ones correct only till 21 ema. So there is a particular strength always shown by stock.
Remember, playing breakout patterns require more knowledge, bcoz if you sit on wrong level, it will spoil the whole trade, and then stock will move in your direction.
SO stay with patterns which you understand, and keep your risk/reward in check.
My stoploss is 8% for any stock. And it never exceeds 10% at max.
Next, Volume..if the rise till 50 SMA has more volume than previous bar whenever it make higher closing, and number of upbars>downbars, then chances of clearing 50 SMA and holding it have more chances.

precious note sir, I will preseve this in bold letters in my kitchen where I have to spend more time after and before office.

 

[anil_s_trivedi]

Nifty update:

The systematic trading system designed since last 2-years, is on testing mode.
On hourly- Trigggered SELL with stoploss - any 5 minute bar closing above 6336 level

On Daily - In Long mode SL 6285-90

 

[R M]

Nifty update:

... any 5 minute bar closing above 6336 level

On Daily - In Long mode SL 6285-90

Is that 6636?

regards.
rm

 

[anil_s_trivedi]

Is that 6636?

regards.
rm

Opps...yes its 6636...me still in History...

 

[bapu4]

Dear Anil Bhai,
I have found a simple method from eod chart that locates rise/falls of the stocks/indices with pin point accuracy of the very candle.The problem is of right interpretation,I have already posted it with charts on "day trading futures thread -page no 308 "for study of members,I request you to have a look at it and guide for right interpretation,giving the link below,
http://www.traderji.com/futures/91950-day-trading-futures-308.html#post944737