Some Good Steals...

[AMITBE]

An interesting play could be Global Tele (GTL) in the near term...a possible dark horse.
Trading at 110 off and consolidating well, should it breakout it'll be sharp quite likely.
Strict s/l if entered at current levels is below 105.

Am still fancying this one.
Had closed Tuesday at 107.40 and after slipping to 105 off earlier on, is back there again. There is some pretty strong accumulation going on in this with better volume today.
With a strict s/l at 105 the downside is not too great, but on the up may well spring a few surprises.

 

[amitkr]

Unichem Labs, Shanti Gears and Gatewy are great buys at any dips.

Hi Amit,
Was away for weeks... Will keep an eye on the list...

 

[AMITBE]

hi amitbe,
thx 4 reply.
pray tell me what indicators u use.
i used MACD cross over, TRIX reversal for this, but still waited 1 couple days betore entering(141).
but i still don;t know how to fix a target.
please enlighten (obivously whenever u r free)
regards

Hi ragh_ash..
Mostly I rely on the good old price/volume chart, daily and weekly. Overlaid on the price chart are Bollinger Bands with 20 day simple moving average, and also 50 and 200 day moving average.
ADX and Trix I refer to at times, ADX more than Trix.
RSI and MACD hardly ever.
For the rest, I maintain an Excel file of daily closing prices which I manually scan daily. From here I pick stocks to track, the most likely of which go on to the trading console for observation of price/volume. The breakouts are picked from here. That's all.
For fixing targets, trendlines help. Riding a trade I look at ADX and Aroon, besides price/volume for reversal. Bollinger Bands are helpful too as an indicator of continuation of a trend.
You are doing very well with Carborundrum. When it closes above 160, the immediate target would be 165 and 170. 175 is likely to be the outer resistance of this move. Trail stop and enjoy.
Regards.

 

[AMITBE]

Hi Amit,
Was away for weeks... Will keep an eye on the list...

Hi amitkr...did you say weeks? Month more like it. Good to see you back.
They are good counters yes, and be careful with Unichem Labs as it's high already. It needs to clear 316 and 322 to go higher, and if 331 is taken out, 341-348 would be where it'll head. At current levels below 300 is s/l.
All the best.

 

[Malabari]

Hi ragh_ash..
Mostly I rely on the good old price/volume chart, daily and weekly. Overlaid on the price chart are Bollinger Bands with 20 day simple moving average, and also 50 and 200 day moving average.
ADX and Trix I refer to at times, ADX more than Trix.
RSI and MACD hardly ever.
For the rest, I maintain an Excel file of daily closing prices which I manually scan daily. From here I pick stocks to track, the most likely of which go on to the trading console for observation of price/volume. The breakouts are picked from here. That's all.
For fixing targets, trendlines help. Riding a trade I look at ADX and Aroon, besides price/volume for reversal. Bollinger Bands are helpful too as an indicator of continuation of a trend.
You are doing very well with Carborundrum. When it closes above 160, the immediate target would be 165 and 170. 175 is likely to be the outer resistance of this move. Trail stop and enjoy.
Regards.

You said it! Really enlightening.
Thnaks daa..

 

[ragh_ash]

Hi ragh_ash..
Mostly I rely on the good old price/volume chart, daily and weekly. Overlaid on the price chart are Bollinger Bands with 20 day simple moving average, and also 50 and 200 day moving average.
ADX and Trix I refer to at times, ADX more than Trix.
RSI and MACD hardly ever.
For the rest, I maintain an Excel file of daily closing prices which I manually scan daily. From here I pick stocks to track, the most likely of which go on to the trading console for observation of price/volume. The breakouts are picked from here. That's all.
For fixing targets, trendlines help. Riding a trade I look at ADX and Aroon, besides price/volume for reversal. Bollinger Bands are helpful too as an indicator of continuation of a trend.
You are doing very well with Carborundrum. When it closes above 160, the immediate target would be 165 and 170. 175 is likely to be the outer resistance of this move. Trail stop and enjoy.
Regards.

trail stops means count back system, right?

 

[mail2joshi]

Am still fancying this one.
Had closed Tuesday at 107.40 and after slipping to 105 off earlier on, is back there again. There is some pretty strong accumulation going on in this with better volume today.
With a strict s/l at 105 the downside is not too great, but on the up may well spring a few surprises.

Hi Amit,
I am also holding GTL@110 and stop loss is 105.
I was about to ask about this when I saw your post about the same.

Thanks for updating on this scrip.

Regards
sjoshi

 

[mail2joshi]

Hi Amit,
Also want to know about IOB.
my entry is @ 116 , now its moving down. when should I exit and any chance for its recovery.

Regards
sjoshi

 

[moneylaundrer]

Hi ragh_ash..
Mostly I rely on the good old price/volume chart, daily and weekly. Overlaid on the price chart are Bollinger Bands with 20 day simple moving average, and also 50 and 200 day moving average.
ADX and Trix I refer to at times, ADX more than Trix.
RSI and MACD hardly ever.
For the rest, I maintain an Excel file of daily closing prices which I manually scan daily. From here I pick stocks to track, the most likely of which go on to the trading console for observation of price/volume. The breakouts are picked from here. That's all.
For fixing targets, trendlines help. Riding a trade I look at ADX and Aroon, besides price/volume for reversal. Bollinger Bands are helpful too as an indicator of continuation of a trend.
You are doing very well with Carborundrum. When it closes above 160, the immediate target would be 165 and 170. 175 is likely to be the outer resistance of this move. Trail stop and enjoy.
Regards.

another 1700 posts to go then perhaps i mite be in a stage to write all this...
On a serious note ....thanx for shairin ur knowledge...i have been followin one of ur recommendations,,shanti gears...i like the sector seems a long term bet..

Thanx again

cheers

 

[rangarajan]

Reg IOB,there is a gap between 132-126.If the mkt consolidates or bullish,the share would go up to fill this gap & beyond 132.7 with vol,it is again bullish.The exit s/l is 92
one of the best time to get into a stock is to look for" Inside bar'.If it is lowest in the last four days & much better in the last seven days,one should either enter or exit beyond previous day's high or low.
In IOB,the inside bar was on 2/1/06,& the safest entry was around 95.the stock touched 132 before coming down.
The bar chart software is available in BSE Charting.
Best of luchs,
ranga