Stocks To Keep A Close Eye On

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pumajay

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#18,201
#18,201
Tried to understand the reason for trigger from the charts. Firstly in my charts the ma(5) and ma(6) for auropharma is similar to the "hotguynextdoor", unlike SG's; Guess something is missing from my side.

So looked at only SG's chart which he posted(as in my case the MAs have actually crossed. I wanted to know what are the 2 indicators in the middle? I see that both in BHARATFORG and AUROPHARMA, the first middle indicator moves up whereas the second middle indicator moves down.
Am I thinking too much into this?

Also in AUROPHARMA there is a huge jump in close over the MAs.

I am not sure whether volume increase in itself is enough for considering the trigger

SavantGarde said:
Ideally would look at the 100% level pullback for an ideal entry... but may get it around expiry....:)

Like I said earlier it is not always on the crossover of 5/6 that is why the charts posted...

SavantGarde
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SavantGarde

SavantGarde

Well-Known Member
#18,202
#18,202
Hi Ajay,

Immediately below the price chart is William %R & below that is Money Flow Index and the last one doesn't need any describing..but still before somebody comes up with a query....it is Volume...

5 & 6 MA doesn't tally with yours & others because there was some tweaking to it.... but frankly speaking since the software has gone through 4 major revisions...and it was done many years back....at the time... I had more than 30 odd tweaks for the averages... on my pad for the guys programming could refer to it for purpose of programming and testing.....but don't really know which was actual tweak....finally used...anyways it is not all that different from normal MA.

if you or anybody has the patience can always find the tweak by curve fitting.....:)

SavantGarde

pumajay said:
Tried to understand the reason for trigger from the charts. Firstly in my charts the ma(5) and ma(6) for auropharma is similar to the "hotguynextdoor", unlike SG's; Guess something is missing from my side.

So looked at only SG's chart which he posted(as in my case the MAs have actually crossed. I wanted to know what are the 2 indicators in the middle? I see that both in BHARATFORG and AUROPHARMA, the first middle indicator moves up whereas the second middle indicator moves down.
Am I thinking too much into this?

Also in AUROPHARMA there is a huge jump in close over the MAs.

I am not sure whether volume increase in itself is enough for considering the trigger
Click to expand...
 
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pumajay

Active Member
#18,203
#18,203
I had already tried to find some tweaks to the MA to see to fit the curve that is in your chart and came close with MA of open, and MA of ((O+C)/2), with MA of open coming closer to your chart.

I guess now I need to look at using ATR and midrange/Close to see if anything fits.

Thanks for the information. Will try to figure out more about the trigger to buy without crossover happening by going through the charts for other scrips you have already mentioned in chapter - ii

SavantGarde said:
Hi Ajay,

Immediately below the price chart is William %R & below that is Money Flow Index and the last one doesn't need any describing..but still before somebody comes up with a query....it is Volume...

5 & 6 MA doesn't tally with yours & others because there was some tweaking to it.... but frankly speaking since the software has gone through 4 major revisions...and it was done many years back....at the time... I had more than 30 odd tweaks for the averages... on my pad for the guys programming could refer to it for purpose of programming and testing.....but don't really know which was actual tweak....finally used...anyways it is not all that different from normal MA.

if you or anybody has the patience can always find the tweak by curve fitting.....:)

SavantGarde
Click to expand...
 
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rajputz

Well-Known Member
#18,204
#18,204
enygma said:
These stocks run up 20 bucks in 2 minutes while my friends holding SBI, Vijaya and what not are busy calculating "time decay".
Click to expand...

Hi enygma,

Once the banking sector moves up, the same sbi will be a rocket hard to catch. For me it is in accumulation period, and what that is over, the rocket will shoot. And when stock starts to rocket, the option rockets at higher rate. Yeah, still time decay is there.

From where i see the stock you mentioned are most volatile and prone to eating up stoploss. Same is not the case with sbin or vijaya. Check the charts. This will only matter if you are not prone to applying stoploss.





Regards.
 
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euginsa

Well-Known Member
#18,206
#18,206
Hello Sg Sir,

When i watch it seems that if nifty is up during monday and tuesday then friday down due to profit booking and if monday and tuesday down then friday will be short covering(not including inflation news ,etc). I am just one year old in market and i am following a week through this thread. Can you please share your idea on my view. It will help to learn coinceds of nifty with the days.


REGARDS to all Trader following SG:thumb:
 
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