Stocks To Keep A Close Eye On

[moto143]

Thank you Savant sir for the list...Had purchased ICICI bank yesterday itself seeing the dip and feeling relived that i found it on your list today.

Well...Couple of days back had bought few Wipro shares @ 400 Rs...it doesn't seem to go anywhere..Should i just book loss and choose a few shares from your list now?

 

[SavantGarde]

Moto,

Wipro Will Not Give Quick Profit, If That Is What You Are Looking For, Therefore, Take Your Own Informed Decision On This.

SavantGarde

Thank you Savant sir for the list...Had purchased ICICI bank yesterday itself seeing the dip and feeling relived that i found it on your list today.

Well...Couple of days back had bought few Wipro shares @ 400 Rs...it doesn't seem to go anywhere..Should i just book loss and choose a few shares from your list now?

 

[chaitanyagoa]

Savant sir,

Thanks for your reply....
i will ask u one more stupid question....... i have tried to find the two systems u mentioned .... but didn't find anything........

Could you please give me the links where i can get into and learn something...

Thanks you so much again Savantji.....:clap:

 

[SavantGarde]

Doc,

Can You Please Do The Needful For Chaitanya's Query.

You Can Post It In 'Trading With Crossover & BB' & Post The Link Here For Chaitanya.

Thanks A Ton

SavantGarde

 

[moto143]

No Savant Sir...I'm not looking for Quick profit in Wipro..I'm prepared to hold it..The only thing that was making me skeptical to hold wipro is that the Value of Dollar's is Depreciating thus effecting the share prices of Outsourcers like Wipro and Other IT cos.

I'm too Novice to make a call on this so i would rather prefer to listen to your advice.

 

[moto143]

Savant Sir.

I have compiled some of your posts where you have mentioned about the system you use in a File..I'm not sure whether there is anything missing..Anyhow am posting it here.Maybe this would be helpful to new member's Like Chaitanya who are looking forward to learn your system.




Choosing a stock:


Ok, The Order Of Triggers Are In Strength Of The Stock & Could Be Because Of Any Of The Following Reasons:

a) Expansion Breakout:
Stock Made A Two Month High & Day’s Range Was Large.
Therefore, Stock Has A Greater Chance Of Going HIGHER In The Short Term -Next 4 To 5 Days.

b) Trend Reversal To BULLISH:
Stock Was In A Downtrend & Now It Is In An Uptrend
20 DMA Has Crossed The 50 DMA To The Upside.

c) Buy On Retracement For Strong UP Trending Stock:
Stock Has A Strong Uptrend & It Made A Brief Retracement.
Therefore, Stock Has A Greater Chance Of Going HIGHER In The Short Term - ext 4 To 5 Days.
Suggested Strategy: Buy A Little Above Previous Trading Day's High & Place A S/L A Little Below Previous Trading Day’s Low

d) Buy On Trend Reversal:
Stock Was In A Downtrend & Gapped Lower BUT It Ended The Day Higher
Therefore, Stock Has A Greater Chance Of Going HIGHER In The Short Term - Next 4 To 5 days.
Suggested Strategy: Buy A Little Above Previous Trading Day's High & Place A S/L Sell A Little Below Previous Trading Day’s Low.

e) Trend Reversal To BULLISH:
Stock Was In A Downtrend & Now It Is In An Uptrend
20 DMA Has Crossed The 50 DMA To The Upside.

For short term Investment:

Hmmmmm......Ok Here It Goes While It Is Simple It Is Quite Powerful For Short Term Investors.

To Illustrate, I Have Taken The First One From My Post Of 5th April Which Is HDIL

HDIL CMP On 05/04/2009 Was 101.55 While The High Was 103.15

20 DMA Crossed Over On The Upside Of 50 DMA On That Day Thus Triggering A BUY For The Following Day

Since The High Was 103.15, It Was Told To BUY @ 103.15

Stop Loss Was 77.50 Is The 50 DMA Crossing Over 20 DMA Whenever That Happened In The Past....Therefore The Stop Loss Of 77.50

Now Coming To The Target Price

BUY Price - Stop Loss = 25.65 + 103.15 (BUY Price) = 128.80 (1st Target)Extra 5 Paise Added As Your Bonus....
Quote:
1) BUY HDIL (CMP 101.55) @ 103.15
Quantity 7 Shares
Stop Loss 77.50
First Target 128.85
Does That Solve The Mystery Of How The Target Price Is Achieved....

I Guess It Does......

If The Market Is Volatile & Range Bound There Is Another Trick For A Trailing Stop Loss & Exit.

Lets Say On The 6th You Bought At 103.15 & After Buying You Immediately Kept A Stop Loss Of 77.50 (50 DMA)

Now The Following Day To Trail The Move, You Calculate A New Stop Loss For 49 DMA, Whatever Figure You Get Becomes The New Stop Loss For That Day.
So On & So Forth You Keep Reducing 1 Day From DMA Calculation For Each Day Elapsed From The Date Of Entry, Reducing Till You Reach 10 DMA After Which You Don't Reduce The DMA Calculation..... Simple !!!

 

[lazytrader]

Savantji the list for 21st May I suppose is for investment purpose looking at the stop losses but if target is achieved in the short term like a spike is it good to exit? (put a sell order at target and keep beforehand or wait for your sell trigger.

One more question: The list is so big if I had to buy 5-10 stocks how do I choose between them?

Trades With Entry Price & S/L & Target 21st May 2009

Happy & Safe Trading

SavantGarde

 

[SavantGarde]

Moto,

While Dollar Rate Is Keeping These Companies Sluggish, Also Understand That They Didn't Start Their Business Because Of Dollar/Rupee Rate.

The Way I See The Broader Picture Is That The World Economy Will Improve Vastly Towards The End Of This Year, Therefore All Our IT Frontlines & Some Midcaps Will Do Very Well.....It Is A Longish View

If You Think Your Capital Is Blocked In Wipro You Can Always Exit & BUY Something Else & Probably Enter Wipro At A Later Stage


SavantGarde

No Savant Sir...I'm not looking for Quick profit in Wipro..I'm prepared to hold it..The only thing that was making me skeptical to hold wipro is that the Value of Dollar's is Depreciating thus effecting the share prices of Outsourcers like Wipro and Other IT cos.

I'm too Novice to make a call on this so i would rather prefer to listen to your advice.

 

[moto143]

here is another post of Savant sir where he mentions his system.



a) SMA (Simple Moving Average) (Close, 5) (Colour Green or Red)
b) SMA (Simple Moving Average) (Close, 6) (Colour Black)
c) BB (Bollinger Band) (9, 2) & Select SMA If The Option Is Available

Once You Have Got All The Above, You Are In Business...

Just Study The Crossovers Of SMAs 5 Over 6 & Vice Versa, & Notice How The Price Reacts After The Crossovers, Nothing Very Complicated, At The Same Time Very very Powerful System.


SMA5 & SMA6 Crossover On EOD Is Quite Clear But On Intraday If It Is Not Clear Change It To 3 & 5 or 4 & 6

BB 9,2 If On EOD It Is Pierced On The Upside, One Needs To Be Careful Cause One Of These Scenarios Will Happen

a) It Pushes Up More & Comes Down

b) It Starts Retracing Without Going Up

c) If The Market In General Is Extremely Bullish & It May Keep Climbing For A Few Days, But One Thing You Can Be Sure That It Will Come Down Just As Heavily As It Went Up....Similarly Even If The Market Sentiment Is Bad & Bottom BB Is Pierced, Quite Possibly It Will Move Up The Next Day. On An Intraday Chart If See The BB Getting Pierced One Have A Few Quick Bonus Trades....But Keep In Mind To Keep The 3 or 5 Min Chart Open For It.
a) If Bottom Is Pierced & You Are Long Then Exit On The Second Consecutive Red Candle or Bar

b) If Top Is Pierced & You Are Short, Exit You On The Second Consecutive Green Candle or Bar.

 

[shantanu_chamola]

MTNL is 95+ now...Should we hold it????