Stocks To Keep A Close Eye On

[lovable_guy006]

for all those ABG-ers who were looking for 500+ ... I should not be happy BUT 5% down today !!!!!

446/- as of now .....

Exited few quantity of ABG ship at 490 today !!! Still holding large sum of it !!!

 

[asnavale]

ANY BODY CAN HELP WHAT IS MMA.AFL?


Thanks in advance

MMA.AFL is an AFL which calculates MMA for a given period. MMA is a kind of Moving Average which includes volume also in calculation. Most Moving Average calculations use only price.

-Anant

 

[alroyraj]

Exited few quantity of ABG ship at 490 today !!! Still holding large sum of it !!!

Even though it fell to 446 levels there was hugh accumulation and some time later the Market wide position level was exceeded.
Seems like the bulls are still in control.
Any alternative views. Good learning opportunity if you figure whats goin on...:thumb:

 

[SwingKing]

Even though it fell to 446 levels there was hugh accumulation and some time later the Market wide position level was exceeded.
Seems like the bulls are still in control.
Any alternative views. Good learning opportunity if you figure whats goin on...:thumb:

A good way to measure whether a sector is becoming favorable is to look at a benchmark stock and then compare it with its sister stocks.

Now with the kind of movement exhibited by ABG, we can assume it to be the benchmark stock. When we look at other sister stocks like Bharti Ship, Essar Shipping, Garware Off, GE Shipping, Great offshore, Mercator, Pipavav, SE Asia, SCI, Varun and Shreyas shipping, the story seems somewhat different.

Out of all these stocks Bharti, SE Asia, SCI, Essar and ABG are worth looking at. Garware Offshore, GE Ship, Mercator, Shreyas and Varun are not looking that exciting as of now. When you take the positive stocks and compare it to a sector which is breaking out, the signs still look a bit weak. Hence, booking partial profits is not a bad idea if someone still holds some positive counters.

Anyhow if the sector is actually breaking out, it won't be doing so for a 10-20% move. The move will be much larger and hence when we get more confirmation, we can enter the sector to participate in it.

Just my views.

Tc

 

[MurAtt]

Exited few quantity of ABG ship at 490 today !!! Still holding large sum of it !!!

490 was just a tick on the chart.

Not wanting to doubt your price as such .. BUT was it a pre-fed order? Then why from 500+ u switched to 490 right at the start in the morning .. i.e. what made u change you mind ?

 

[lovable_guy006]

490 was just a tick on the chart.

Not wanting to doubt your price as such .. BUT was it a pre-fed order? Then why from 500+ u switched to 490 right at the start in the morning .. i.e. what made u change you mind ?

Exited at 482, 486, 489.50 so instead of mentioning all the three prices i mentioned 490 !!! I just sold few of them i still have some more remaining just to insure that i dont loose all the profit because nifty was not looking nice to me on intraday charts !!! That was just the reason ... But to be frank i was not knowing that ABG will fall from 490.50 i was expecting that it will reach till 495, 498 .... It was my luck that i start selling from 482 !!!

 

[seetharamank]

A good way to measure whether a sector is becoming favorable is to look at a benchmark stock and then compare it with its sister stocks.

Now with the kind of movement exhibited by ABG, we can assume it to be the benchmark stock. When we look at other sister stocks like Bharti Ship, Essar Shipping, Garware Off, GE Shipping, Great offshore, Mercator, Pipavav, SE Asia, SCI, Varun and Shreyas shipping, the story seems somewhat different.

Out of all these stocks Bharti, SE Asia, SCI, Essar and ABG are worth looking at. Garware Offshore, GE Ship, Mercator, Shreyas and Varun are not looking that exciting as of now. When you take the positive stocks and compare it to a sector which is breaking out, the signs still look a bit weak. Hence, booking partial profits is not a bad idea if someone still holds some positive counters.

Anyhow if the sector is actually breaking out, it won't be doing so for a 10-20% move. The move will be much larger and hence when we get more confirmation, we can enter the sector to participate in it.

Just my views.

Tc

sir i hold forbes &co 100 around 550 it is a shippingstock too can u suggest a target for the same please

 

[asnavale]

ANY BODY CAN HELP WHAT IS MMA.AFL?


Thanks in advance

Hi Anthony,

#include <MMA.afl> is an instruction to insert the code for MMA.afl into the current AFL. The MMA.afl file should be available in "Amibroker/Formulas/Include" folder. The code for MMA.afl is given in the following post:

http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii-111.html#post479846

You can copy the code and save it as "MMA.afl" in the 'AmiBroker/Formulas/Include' folder. Then the Single MA AFL will work without any errors.

-Anant

 

[chuganiharish]

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

Dear Sir, I am New to this please let know how you calulate you stoploss by % or by the pivot low
Thanking you in advance
Harish

 

[SavantGarde]

Have had a look at ABGSHIP

ABGSHIP - Next Target 617.40 & S/L 363.60

Happy & Safer Investing

SavantGarde