Stocks To Keep A Close Eye On

[SavantGarde]

Hi Gopija,

Thank You Very Much For Your Very Generous & Kind Words.

Yes, While It Is True That NF May Try & Close The Gap, But I Still Have A Little Doubt About The Full Gap Being Closed.

As Opposed To Popular Belief Of Closing The Gap, Incase It Doesn't, Which In My Opinion Signals A Breakout, & Gap Can Rmain There For Months Before It Closes.....While Some Gap Being Covered Is Healthy For A Bigger & More Sustainable Upmove.

Now Coming To My NF Triggers, Yes Traders First Instinct Is 'Bahut Mila Lekar Bhago' But In Hindsight He Will Definitely Regret With The Next Upmove Without Having The Courage To Re-Enter.

My NF Trigger Was On 12th March @ 2597.70, With A Single Day SELL On 22nd April @ 3323.40 At Which Point I Did Mention In A Post Then To Forum Member 'NORBE' That I Think It Probably Maybe A Very Short Lived Trigger, It Turned Out That It Was Just For A Day, Perhaps No Damage Done To Earlier Position....Now That We Have Rallied So Much, I Have Another Target In Place......So Why Not Let The Profit Run, Instead Of Trying To Do Too Many Things & Making Money For The Broker.....

Just As Everything In Life Is A Calculated Risk, So Is This....Let's Hope Next Target Comes By 2nd Or 3rd Week Of June

BB Is Another Very Under Appreciated Indicator According To Me.

Happy & Safer Trading

SavantGarde

Savant ji ,

I am an silent fan of you , i no need to thank you as you have already many
Also similar to you i am fan of other person rajendra at orkut commumity who has justified as the coming market as explained below ,

Your ADVICE is very much appreciated






From the trin charts it is seen that the first buy signal arrives from the trin chart. When the 10 day of SMA of TRIN dips below 1(Bullishness). i.e when nifty shoots above 2830. At the same time there is a bullish 5/13 EMA crossover happened in Nifty daily charts. Since then market is moving with 13 EMA as base resistance. Whenever market reaches oversold levels(i.e RSI-2 greater than 90-95) Nifty tries to
bend towards 13 day EMA.

As of Now Trin shoots above 1(Bearisness) after Nifty hitting historical circuits. And It is also observed from the charts that Nifty is moving once again towards 13 EMA(3900) line to take it supports. Till now 13 EMA is believed to be the supports for the current trend.

His conclusion for forthcoming days are :
Try to liquidate and exit your position in may itself if nifty resist to fall below 4200 for the next week and Started making any kind of euphoria.
Coz Montly 5 EMA is still at 3300 levels. Strongly not to be good for June Season.
Such a gap is unsustainable i.e nearly 900 pts now between Spot and Monthly 5 EMA

 

[gopija]

Other chart for your convience

 

[SavantGarde]

Gopija,

While Everything On The Chart Is True, These Are Exceptional Time For Our Country, Hopefully If Our New Government Deliver On Everything As Faith Reposed In The Mandate Given To Them By Us

It Could Permanently Change Politcs In Our Country.

Therefore, In Such Exceptional Times, Who Is To Say Chart May Not Perform As Normally Interpreted.....

I Like To Look At Things At Times With A Contrarian View.... Infact Name Of My Company Is 'Contrarian'

Happy & Safer Trading

SavantGarde

Please find the chart, He says Nifty is Forming Like a Flag and Pole Pattern , If so then stop loss is 5 EMA

 

[MurAtt]

Other chart for your convience

Looks more like a Flag or pennant formation to me - what say Savant sir.
Volumes getting lower and lower.
Flags and Pennants - in general - always are continuous patterns and therefore most likely direction of Nifty would be a continuance of the upmove.
AND the amount of upmove is generally the Pole size so another 600 from here :clap:

Yes Yes, be happy Bulls. Next is what? 4800 coming ...

:clapping:

 

[gopija]

Savanth ,
Thanks for your couregoues feeling ...i too feel the same
Wait and patience is required hence in case if NIFTY comes down rather than exiting at 4100/4200 level , an stoploss of 3850 should be fare enough to exit and book profit .

Its just my view as i feel if NIFTY slides towards 13EMA side then the value would be same low atleast like april and not the march lowest

If market zooms then no problem ho jayaga ballae bhalle :clap:

Still i need your advice for the stoploss to exit in case if it goes down

Cheers
GJ

 

[gopija]

Phir bhi dil hein hindustani ..Phir bhi dil hai Contrarianistani :thumb:

Gopija,

While Everything On The Chart Is True, These Are Exceptional Time For Our Country, Hopefully If Our New Government Deliver On Everything As Faith Reposed In The Mandate Given To Them By Us

It Could Permanently Change Politcs In Our Country.

Therefore, In Such Exceptional Times, Who Is To Say Chart May Not Perform As Normally Interpreted.....

I Like To Look At Things At Times With A Contrarian View.... Infact Name Of My Company Is 'Contrarian'

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Murtaza,

I Have Only Seen Flag & Pennant A Couple Of Times But Don't Know Much About It, Probably Will Not Be Able Recognize It If I See It Again...Unless Marked.

Only Flag That I Know Well Is Our Tiranga....

If What You Say Is True Of Continuing Pattern, Then My View May After All May Turn Out To Be True As Posted In The Reply To Gopija...

Thank You Murtaza

Happy & Safer Trading

SavantGarde

Looks more like a Flag or pennant formation to me - what say Savant sir.
Volumes getting lower and lower.
Flags and Pennants - in general - always are continuous patterns and therefore most likely direction of Nifty would be a continuance of the upmove.
AND the amount of upmove is generally the Pole size so another 600 from here :clap:

Yes Yes, be happy Bulls. Next is what? 4800 coming ...

:clapping:

 

[SavantGarde]

Gopija,

Best Way To Play If Already Holding Position Is To Sell Part At Major Resistances & Cover At Minor Or Major Support Areas, That Way You Are Back With Your Position & You Gain Additional Points To Your Profit....

You Have To Be Comfortable Though, With The Strategy

Happy & Safer Trading

SavantGarde

Savanth ,
Thanks for your couregoues feeling ...i too feel the same
Wait and patience is required hence in case if NIFTY comes down rather than exiting at 4100/4200 level , an stoploss of 3850 should be fare enough to exit and book profit .

Its just my view as i feel if NIFTY slides towards 13EMA side then the value would be same low atleast like april and not the march lowest

If market zooms then no problem ho jayaga ballae bhalle :clap:

Still i need your advice for the stoploss to exit in case if it goes down

Cheers
GJ

 

[gopija]

bringing back the economic turnaround to resolve this financial crisis will be the first priority of the govt. says manmohan singh and pranab mukherjee............this will send a very strong message to markets

Lets hope for the best ...

 

[SavantGarde]

Well We Need Things To See Being Implemented, Sound Bytes Are Ok For Now

SavantGarde

bringing back the economic turnaround to resolve this financial crisis will be the first priority of the govt. says manmohan singh and pranab mukherjee............this will send a very strong message to markets

Lets hope for the best ...