Stocks To Keep A Close Eye On

[sagarkapoor]

Hi Savant sir,

Do you have any views on HDFC? I grabbed some on the SMA (20) and SMA (50) crossover. Should I hold on or book partial profits?

Thanks

3 Months EOD Chart for HDFC:

 

[SavantGarde]

Hi Sagar,

Haven't Looked At It Individually.

My Last Update Of S/Ls Which Was For Monday A Few Important Point To Remember.

a) Most Of The Triggers S/Ls Had Gone Above The CMP.

b) When One Sees The S/Ls Higher Than The Close, It Is Quite Possible For Some Retracement

c) Therefore Strategy Should Be Either Book Partial Or All Profits & If On Retracement The Trend Still Remains Bulish Then Ideally One Should Re-Enter On A Good Retracement.

d) When One Witnesses Most S/Ls Above CMP, One Can Also Conclude That Indices Maybe Ready For Retracement Any Moment

e) Wider View Of The Market Is Also Important.

Will Check On HDFC & Get Back.

Happy & Safer Trading

SavantGarde

Hi Savant sir,

Do you have any views on HDFC? I grabbed some on the SMA (20) and SMA (50) crossover. Should I hold on or book partial profits?

Thanks

3 Months EOD Chart for HDFC:

 

[sagarkapoor]

Hi Sagar,

Haven't Looked At It Individually.

My Last Update Of S/Ls Which Was For Monday A Few Important Point To Remember.

a) Most Of The Triggers S/Ls Had Gone Above The CMP.

b) When One Sees The S/Ls Higher Than The Close, It Is Quite Possible For Some Retracement

c) Therefore Strategy Should Be Either Book Partial Or All Profits & If On Retracement The Trend Still Remains Bulish Then Ideally One Should Re-Enter On A Good Retracement.

d) When One Witnesses Most S/Ls Above CMP, One Can Also Conclude That Indices Maybe Ready For Retracement Any Moment

e) Wider View Of The Market Is Also Important.

Will Check On HDFC & Get Back.

Happy & Safer Trading

SavantGarde

Thanks sir, great advice. Actually I just started TA and I am observing an uptrend on HDFC (actually most of the stocks are in an uptrend since 2nd week of March ) since its PL on March 6 because it has been making higher PL and higher PH on EOD charts but from April 8 to April 29 it was stuck in a range between 1616 and 1849. I actually thought that May 4 was a breakout of that range but it has again slipped back into this range and 1850 will again prove to be a critical resistance. Am I missing something on the EOD charts? Looking forward to your analysis. Sorry to intrude on your thread .

Thanks

 

[praveen taneja]

Savant sir on your advice taken REC LTD at 96 and now it is 123.5 is it good to remain in that or book profit which is somewhere around 25% thnx again

 

[SavantGarde]

Hi Praveen,

Remain In The Stock & Remind Me To Check On It Every 10 Days.

I Have Maintained That Market Will Go Up Much More Than Everybody Expects, But At The Same Time Some Correction Is Essential For Making Bigger & Healthier Upmove.

In Todays Dip You Can BUY Whatever Your Heart Desires.....

Happy & Safer Trading

SavantGarde

Savant sir on your advice taken REC LTD at 96 and now it is 123.5 is it good to remain in that or book profit which is somewhere around 25% thnx again

 

[docvijay4u]

Re-Entry In SunTv @217 After Yersterday's Profit Booking Around This Level, Fresh Entry In Reliance@1884. Still Holding Rest Of Positions Punj, HdfcBank, RPL.

Thanks.

In Todays Dip You Can BUY Whatever Your Heart Desires.....

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Hmmmm......Not Bad Doc, Atlast You Are Showing Some Courage...

'JAI BABA'

SavantGarde

Re-Entry In SunTv @217 After Yersterday's Profit Booking Around This Level, Fresh Entry In Reliance@1884. Still Holding Rest Of Positions Punj, HdfcBank, RPL.

Thanks.

 

[SavantGarde]

Hi Sagar,

You Are Doing Good,

But The PL Marked On The Chart Is Incorrect In My Opinion, I Think Saint & ST Will Concur With My Conclusion, It Just Happens To Be One Of Those Single Stray Kneejerk Trades Of The Morning Where Some Stupid Guy Must Have Managed To Put A SELL @ Market Price & Some Smart Guy Must Have Tried His Luck By Putting A BUY Orders At Various Very Very Low Prices

Hope You Understand, What I Am Trying To Get Across.

If You Dont Understand, Tell Me You Don't Uderstand, How Will I Understand That You Don't Understand, Understand !.......

Couldn't Help With The Last Bit

Happy & Safer Tading

SavantGarde

Thanks sir, great advice. Actually I just started TA and I am observing an uptrend on HDFC (actually most of the stocks are in an uptrend since 2nd week of March ) since its PL on March 6 because it has been making higher PL and higher PH on EOD charts but from April 8 to April 29 it was stuck in a range between 1616 and 1849. I actually thought that May 4 was a breakout of that range but it has again slipped back into this range and 1850 will again prove to be a critical resistance. Am I missing something on the EOD charts? Looking forward to your analysis. Sorry to intrude on your thread .

Thanks

 

[sagarkapoor]

Hi Sagar,

You Are Doing Good,

But The PL Marked On The Chart Is Incorrect In My Opinion, I Think Saint & ST Will Concur With My Conclusion, It Just Happens To Be One Of Those Single Stray Kneejerk Trades Of The Morning Where Some Stupid Guy Must Have Managed To Put A SELL @ Market Price & Some Smart Guy Must Have Tried His Luck By Putting A BUY Orders At Various Very Very Low Prices

Hope You Understand, What I Am Trying To Get Across.

If You Dont Understand, Tell Me You Don't Uderstand, How Will I Understand That You Don't Understand, Understand !.......

Couldn't Help With The Last Bit

Happy & Safer Tading

SavantGarde

Understood sir the hanging man bar was just a fluke ... Thanks for the advice ... looking forward for your analysis on HDFC and thanks for the great thread :clapping:

 

[SavantGarde]

Yeah, I Am Sure Whoever Put That Trade SELL @ Market Price Must Have Been Hanging By Now.

Such Freak Trades Are Quite Often Especially When Overnight Cues From DOW Cow, Is Really Bad Or Good.

Will Check On HDFC, My Electricity Was On The Blink & Resumed Only Around Afternoon,

Happy & Safer Trading

SavantGarde

Understood sir the hanging man bar was just a fluke ... Thanks for the advice ... looking forward for your analysis on HDFC and thanks for the great thread :clapping: