Stocks To Keep A Close Eye On

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SG Sir,

Markets are over now. Good day for many of us. Credit goes to you.:)

Just curious. What was your basis for entry in Hindalco, around 217. And, how you predicted it to move up to 224 ? I noticed that around 217 where I also entered, activities were quite dull but then it shot up to your target level.

How you decided to make an entry and exit level in this particular counter? That will help us many to learn, if you could explain a detail analysis for us here.

Thanks and regards !:)
 

alroyraj

Well-Known Member
SG Sir,

Markets are over now. Good day for many of us. Credit goes to you.:)

Just curious. What was your basis for entry in Hindalco, around 217. And, how you predicted it to move up to 224 ? I noticed that around 217 where I also entered, activities were quite dull but then it shot up to your target level.

How you decided to make an entry and exit level in this particular counter? That will help us many to learn, if you could explain a detail analysis for us here.

Thanks and regards !:)
First a stable base at 217.5 .And then a double bottom on the charts (1min chart) at 216.75 . Of course the same can be visualised with price action. I think in the order book it would be like no sellers would be willing to short below 216.75 .My 2 cents.
But the target was absolute genius.
Ps. Correct me if anything.
 

gauharjk

Well-Known Member
First a stable base at 217.5 .And then a double bottom on the charts (1min chart) at 216.75 . Of course the same can be visualised with price action. I think in the order book it would be like no sellers would be willing.My 2 cents.
But the target was absolute genius.
Ps. Correct me if anything.
I think its magic... :thumb: :lol:
 
First a stable base at 217.5 .And then a double bottom on the charts (1min chart) at 216.75 . Of course the same can be visualised with price action. I think in the order book it would be like no sellers would be willing.My 2 cents.
But the target was absolute genius.
Ps. Correct me if anything.
Thanks alroyraj, for your views

But how to conclude intraday that the base is stable?
Also in smaller frame charts, like 1,2,5 minutes, any double bottom formation may break subsequently on a later stage.
I think, the call from SG Sir was based on some certain Price Action he witnessed there.:)
 

alroyraj

Well-Known Member
Thanks alroyraj, for your views

But how to conclude intraday that the base is stable?
Also in smaller frame charts, like 1,2,5 minutes, any double bottom formation may break subsequently on a later stage.
I think, the call from SG Sir was based on some certain Price Action he witnessed there.:)
Stable base as when the price stays above a level for some 4-6 candles. The volumes today starts spiking from 217.6 down to 217 which indicates accumulation. I guess the volumes are more conclusive. :thumb:



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