Stocks To Keep A Close Eye On

[anmolghatak]

thx for all info

 

[asnavale]

Re: Stocks To Keep A Close Eye On - Chapter II

Thnks anant...

Wht about purvankara, can you tell me abt the prospects of this stock..

Regards..
RAm SRinivasan..

hello Ram,

PURAV is making lower highs since mid-August and is not able to breakout of previous high. And from end of October it is in downtrend. Unless it breaks out above 100 we can not say anything about it.

-Anant

 

[asnavale]

anant sir

1) in case of hindoilex & ktkbnk, single sma 20 doesn' t gives me a buy signal, is it because you are using wilders ma, in other scrips price has pierced sma & gives buy signal

2) i was going through the notes i made about your calculaion of targets & found out

2 x high - SL = target

tried to calculate target of apollo tyres

2 x 49.80 - 48.50 (311209) = 51.10 whereas your target is 52.45. pls tell me what am i missing upon here



well, i am trying to figure out amibroker but unable to download historical data through getbhavcopy, as it requires .netframewrk which i can' t install for now. so can' t use your modified afl. amibroker seems to be jigsaw 4 now.

i have to rely on sharekhan' s tradetiger terminal for viewing charts & i don' t have an option to plot wilders ma.


regards
rishi

Hi Rishi,

1) The chart shows that you are using 5-min intra-day. The BUY signals are not there in case of KTKBANK on 31-12-09 either with SMA or with Wilders MA. I have no data for HINDOILEXP. The triggers I have posted are based on daily charts (EOD Charts) and not intra-day. On daily charts both have given BUY signals. I have used Wilders MA for these. The Single MA system was developed mainly for EOD data. So, the absence of signals in your charts is not a matter of worry.

2) The claculation of Target is again based on EOD Close and not intraday data. If you are claculating on the basis of Intra-day data there is no comparison.

3) For EOD Historical Data, you can download it from Doc Vijay's post. The link to it is given by Savant in the very first post in Chapter-II.

In TT if you are not having Wilders MA, you can still use SMA and there will not be much difference. You can even use WMA (Weighted MA) if available, instead of Wilders.

Although I developed the system with EOD, Savant in one of his posts in this thread has shown that it can be applied to Intra-day also. I have also started testing it in intra-day live data and it appears to work. However, I feel we should not calculate Target/SL for intra-day. Just enter when there is a BUY trigger and exit when Sell is triggered. There will be some whipsaws which you have to take care of. Another thing is try to use 15-min timeframe instead of 5-min. It may work better. But you have to confirm the usefulness of this system by live paper trading before venturing with real trades. As I have not tested the system thoroughly in intra-day trades I am cautioning you or anybody who wants to trade in intra-day with this system.

I started this testing in intraday but I observed something else and diverted my attention to it. It has nothing to do with this single MA system. I will write about it some other time.

-Anant

 

[Rkji]

anant sir

1) you are absolutly right in saying ktk bnk & hindoilex has given buy triggers on daily charts. i can see that now.

2) " The calculation of Target is again based on EOD Close and not intraday data. If you are claculating on the basis of Intra-day data there is no comparison "

- anant sir the high & low i took was for eod closing of 311209. could you pls illustrate with numbers by taking an example of apollo tyre

i took high of 31-12-09 closing i.e 49.80 & low of that day 48.50.

p.s - i wish to calculate target for short term & not intraday

3) i will try to get amibroker up & running by night hopefully & YES... TT does have Weighted MA but i guess i shall stick sma only for now.

4) anant sir i have been live trading with just a single share on your strategy for 3-4 days as i hate paper trading & yes it does work for intraday as correctly said by savant sirjee.
wanted to post some trades but didn' t wanted to mess with this beautiful thread & i didn' t know if you would support the idea of a thread entirely on single ma for intraday as you have other postings to do as well

p.s - while the original single ma is solid enough, use of BB 20.2 in trending & use of BB 9.2 in choppy mkts compliments the strategy.
i will be testing BB along with single ma from tomm as coloumbus' s thread on BB has highly supported the idea in INTRADAY.

regards
rishi

 

[asnavale]

anant sir

1) you are absolutly right in saying ktk bnk & hindoilex has given buy triggers on daily charts. i can see that now.

2) " The calculation of Target is again based on EOD Close and not intraday data. If you are claculating on the basis of Intra-day data there is no comparison "

- anant sir the high & low i took was for eod closing of 311209. could you pls illustrate with numbers by taking an example of apollo tyre

i took high of 31-12-09 closing i.e 49.80 & low of that day 48.50.

p.s - i wish to calculate target for short term & not intraday

3) i will try to get amibroker up & running by night hopefully & YES... TT does have Weighted MA but i guess i shall stick sma only for now.

4) anant sir i have been live trading with just a single share on your strategy for 3-4 days as i hate paper trading & yes it does work for intraday as correctly said by savant sirjee.
wanted to post some trades but didn' t wanted to mess with this beautiful thread & i didn' t know if you would support the idea of a thread entirely on single ma for intraday as you have other postings to do as well

p.s - while the original single ma is solid enough, use of BB 20.2 in trending & use of BB 9.2 in choppy mkts compliments the strategy.
i will be testing BB along with single ma from tomm as coloumbus' s thread on BB has highly supported the idea in INTRADAY.

regards
rishi

Hi Rishi,

Point No. 2: Calculation of Target - The Low of same day is not taken. The lowest Low of last five days or the previous Trough is used. In case of APOLLOTYRE the lowest Low of last 5 bars is 47.15 on 23-12 and previous trough is 46.80 on 21-12. So, higher of these is 47.15. Therefore, Target is 2 X 49.80 - 47.15 = 52.45.

Yes I also feel a separate thread for intra-day is better. Savant can guide us in this respect and start such a thread.

-Anant

 

[geeks]

Re: Stocks To Keep A Close Eye On - Chapter II

Hi Anant,

Can u show us what u r seeing using figures of charts.
Maybe we can try also.

Regards
Geeks

 

[Rkji]

looking forward to the signals for intraday anant sir :thumb:

while columbus has also used 20 sma on 5 min tf, his entries & exits have been marked by piercing of BB' s whereas in this case we' ll be following pure price action as in price crossovers with the ma

looks interesting for intraday action

regards
rishi

 

[gsmart329]

:thumb:

You did get a good exit opportunity on 24th, unless you bought after that.

thanx for your help.

 

[ashishtalyan]

What happened to Lanco Infratec down 90%. I bought it @ 169. Now I am in HUGE LOSS.....Oh my god help me

 

[prasadam]

1:10 stock split.

What happened to Lanco Infratec down 90%. I bought it @ 169. Now I am in HUGE LOSS.....Oh my god help me