Stocks To Keep A Close Eye On
- Thread starter SavantGarde
- Start date
- Tags afl amibroker
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Patience .... is what is fruitful ...
Patience for the entry,
Patience to hold on
AND
Patience for the exit ....
BUT most importantly ....
PATIENCE in forming a decision to long or short ....
Patience for the entry,
Patience to hold on
AND
Patience for the exit ....
BUT most importantly ....
PATIENCE in forming a decision to long or short ....
Hi stocks bhai... I am one of your biggest fans.... What if I PATIENTLY decide to go short on CA ??:clap:
Entered NF CE 5900 @ 92.0 Long, Holding.
****************
Hi All,
I rarely get an opportunity to do intraday. Today was one such day.
Here is what I have tried. Notes on chart itself.
I can see the chart only after after 10:AM as I leave home before 9:00AM.
Today I saw the chart at about 10:20AM. On 1 minute timeframe TATASTEEL had gone above EMA(20) and the last bar was a long green bar. So, waited to see where it will go. At 10:26 it made a high of 634.00 and started moving down. At 10:33 MACD crossed over signalling SELL and RSI already gave the same signal. PVI also was on the verge of crossing below its MA(20). OBV had started falling. Although I should have waited for price to cross below its EMA(20), I shorted TATASTEEL before the cross over as NIFTY had already started falling down. (Remember SG's advice "Keep an eye on index"?). May be it was risky to short in advance, but had a feeling that EMA cross over will happen very shortly because of NIFTY fall, and it did.
Then onwards the price started falling occasionally tresspassing above EMA(20) but OBV was falling continuously and PVI remained below its MA(20). The price tested the 622 level couple of times. Therefore, waited for it to breach 622. But at 12:10 I had to leave the terminal and did not want to take risk. So, covered it at that time with a price of 624.75. The price came to support level later but did not breach it. EMA(20) cross over to BUY side also happened. But I was happy to take whatever profit available without risking.
Later on my return kept watching the price. At 13:03 there was a close below EMA(20), MACD Crossed to SELL side, RSI already below 70 and falling, OBV started falling, PVI went below its MA(20). All these suggested another SHORT and I did it @ 624.20. Again the price remained below EMA(20) and at 13:30 breached the day's low to reach 618.15. At this breach of day's low I put a BUY order @ 618.00 which got executed on next bar. I decided to stop for the day with this covering trade.
This was an experimental trade only. DO NOT VENTURE TILL YOU PAPER TRADE AND GET CONFIDENCE.
The following chart shows the details:
-Anant
Hi All,
I rarely get an opportunity to do intraday. Today was one such day.
Here is what I have tried. Notes on chart itself.
I can see the chart only after after 10:AM as I leave home before 9:00AM.
Today I saw the chart at about 10:20AM. On 1 minute timeframe TATASTEEL had gone above EMA(20) and the last bar was a long green bar. So, waited to see where it will go. At 10:26 it made a high of 634.00 and started moving down. At 10:33 MACD crossed over signalling SELL and RSI already gave the same signal. PVI also was on the verge of crossing below its MA(20). OBV had started falling. Although I should have waited for price to cross below its EMA(20), I shorted TATASTEEL before the cross over as NIFTY had already started falling down. (Remember SG's advice "Keep an eye on index"?). May be it was risky to short in advance, but had a feeling that EMA cross over will happen very shortly because of NIFTY fall, and it did.
Then onwards the price started falling occasionally tresspassing above EMA(20) but OBV was falling continuously and PVI remained below its MA(20). The price tested the 622 level couple of times. Therefore, waited for it to breach 622. But at 12:10 I had to leave the terminal and did not want to take risk. So, covered it at that time with a price of 624.75. The price came to support level later but did not breach it. EMA(20) cross over to BUY side also happened. But I was happy to take whatever profit available without risking.
Later on my return kept watching the price. At 13:03 there was a close below EMA(20), MACD Crossed to SELL side, RSI already below 70 and falling, OBV started falling, PVI went below its MA(20). All these suggested another SHORT and I did it @ 624.20. Again the price remained below EMA(20) and at 13:30 breached the day's low to reach 618.15. At this breach of day's low I put a BUY order @ 618.00 which got executed on next bar. I decided to stop for the day with this covering trade.
This was an experimental trade only. DO NOT VENTURE TILL YOU PAPER TRADE AND GET CONFIDENCE.
The following chart shows the details:
-Anant
- Status
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