Oilman for Swing Trading
-- Be specific. I can't teach you entire swing trading. Take a book and start. There are lot of books I suggested and are available online. Search this thread. I can only suggest on a specific stock.
ster 30@400
-- I saw this stock on iCharts. Looks like not split adjusted. This has MACD divergence as other stocks. Wait for couple more days to see some light. In the mean while, your exit must be when MACD is negative or crossover.
gujnrecoke 100@90
-- This is an example why MACD divergence may not work always and you should exit if it turns negative/crosses down. This stock is not in a good position to buy. I am not sure what you want to do with this at this point.
hindmotor 100@40
--MACD crossed over and is positive. Has hope. Those that have fallen, take time to get up. They go up, down, up, down and finally get up. Just to give you an idea. They just don't get up and start running. Since, you are trying to get the bottom, you should be willing to wait longer time to see results.
bselinfra 50@72
--As I said earlier, the fallen once take time to get up. MACD is about to turn positive. I will pass on this one on how to handle the point you bought.
Reliance capital is trading at 480-485.
What do you say about this stock. Will this stock have breakout upside.
-- Nice pull back. You should expect it go up in couple of days. If you want to enter, enter above yesterday's high + x. Understand that you are taking signal based on new trend and MACD turning positive.
Reliance Communications (RCVL)
-- You bought this stock after continous 9 updays. What were you expecting. It will go up forever. Please avoid buying at overbought condition (shorting at oversold condition). There is no balm to cool your pain. Sometimes this pain is must. Gives you a lesson not to do it again. There is only one reason to buy RCVL (and most of others too). i.e., MACD divergence. Use that for exit too. If MACD histogram goes negative or MACD crosses down, exit.
How do you know it is overbought or oversold. Use oscilators like Williams or Slow/Fast Stocastics or RSI etc. Or, something has been up for 3 or more days, avoid buying. Wait for 2 or more down days (< 7) to buy. Similar for shorting in the opposite way.
-- Be specific. I can't teach you entire swing trading. Take a book and start. There are lot of books I suggested and are available online. Search this thread. I can only suggest on a specific stock.
ster 30@400
-- I saw this stock on iCharts. Looks like not split adjusted. This has MACD divergence as other stocks. Wait for couple more days to see some light. In the mean while, your exit must be when MACD is negative or crossover.
gujnrecoke 100@90
-- This is an example why MACD divergence may not work always and you should exit if it turns negative/crosses down. This stock is not in a good position to buy. I am not sure what you want to do with this at this point.
hindmotor 100@40
--MACD crossed over and is positive. Has hope. Those that have fallen, take time to get up. They go up, down, up, down and finally get up. Just to give you an idea. They just don't get up and start running. Since, you are trying to get the bottom, you should be willing to wait longer time to see results.
bselinfra 50@72
--As I said earlier, the fallen once take time to get up. MACD is about to turn positive. I will pass on this one on how to handle the point you bought.
Reliance capital is trading at 480-485.
What do you say about this stock. Will this stock have breakout upside.
-- Nice pull back. You should expect it go up in couple of days. If you want to enter, enter above yesterday's high + x. Understand that you are taking signal based on new trend and MACD turning positive.
Reliance Communications (RCVL)
-- You bought this stock after continous 9 updays. What were you expecting. It will go up forever. Please avoid buying at overbought condition (shorting at oversold condition). There is no balm to cool your pain. Sometimes this pain is must. Gives you a lesson not to do it again. There is only one reason to buy RCVL (and most of others too). i.e., MACD divergence. Use that for exit too. If MACD histogram goes negative or MACD crosses down, exit.
How do you know it is overbought or oversold. Use oscilators like Williams or Slow/Fast Stocastics or RSI etc. Or, something has been up for 3 or more days, avoid buying. Wait for 2 or more down days (< 7) to buy. Similar for shorting in the opposite way.
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