Stocks To Keep A Close Eye On

[SavantGarde]

No Flight Take Off, You Still Have To Use The Legs....

SavantGarde

Savantjiii....

Very well said Savant........then i take it as a hold and wait for the Flight to take off again....... Can U send me that excel sheet? waiting for it Eagerly..... But send it at your convenience

Thanks

 

[arti]

GM S avant,

I am going through wikipedia about ETFs.Not getting it properly.As per my understanding it is bunch of stocks from stock exchange.We can invest in it as longterm as well we can trade.But i feel its little similar to MFs.Also we need to have gud chunk of money to work with it.

Plz explain in layman language.
Thanks,
Arti

 

[lazytrader]

Bunny,

a) I Do Not Follow Or Know ADX & DMI
b) I Do Not Follow Or Know MACD
c) Volume To Some Extent But Not A Primary Consideration
d) EMAs Too I Don't Follow,

Next Time My Bunny Please Post Charts With, SMA 5 & 6, BB (9,2) & EMA 9 & 100 All Overlayed & I Do Not Want To See Secondary Window On The Charts, Like Volume, MACD & ADX One, As Present On The Charts Posted.

Refer The Chart To Somebody More Knowledgable To Interpret It For You.

Happy & Safer Investing

SavantGarde

While I am certainly not more knowledgeable than Savantji, I think I can add something.

Breakout of volumes requires the price to breakout of a resistance and on high volumes. Here since there is not hard and fast rule some TA's use a rule: breakout of more than 3% from resistance (viz 515 for ABAN or closing of more than 500 for 3 consecutive days). If the above rules is not satisfied then it would be a spike or testing the waters. If it satisfies the rule and then starts closing below 500 for 3 days then it becomes a failed breakout and stocks "usually" decline rapidly.

About volume - the volumes may not spike on the day of breakout itself but one successive day the volumes should support the price rise. If the avg volume following breakout is higher than the moving average that should qualify.

Also note the days following the breakout were extraordinary. Besides the rapid rise of the stock price in a short while can also dry up volumes.

 

[scorpio77]

Hi Arti,

Please go to www.nseindia.com and read under ETF on the top bar. Very detailed and useful info.

Sometime back Savant and given a recommendation for GOLD. Here are a few useful links for everybody on that subject:

http://www.personalfn.com/detail.asp?date=02/11/2009&story=6

http://www.personalfn.com/gold/

http://www.rediff.com/money/2007/oct/24gold.htm

Cheers!

GM S avant,

I am going through wikipedia about ETFs.Not getting it properly.As per my understanding it is bunch of stocks from stock exchange.We can invest in it as longterm as well we can trade.But i feel its little similar to MFs.Also we need to have gud chunk of money to work with it.

Plz explain in layman language.
Thanks,
Arti

 

[lazytrader]

Re: Stocks To Keep A Close Eye On - Chapter II

Is anyone tracking the 21'st may triggers?

 

[lazytrader]

Re: Stocks To Keep A Close Eye On - Chapter II

Savantji, Aptech hit target of 187 given in your 21st May triggers. Are you giving updates for those as well?

 

[bunny]

Savant Sir,
ABAN OFFSHORE has already reached an intra-day high of 1072

Savant Sir,
Please opine on my TA on ABAN OFFSHORE. I have attached the chart here.
TGT 1060, SL 905.

However, what worries me is that the volume on the day of breakout have increased only marginally instead of . So is this some false breakout or an example of planned distribution aka manipulation ?

Thank you.

While I am certainly not more knowledgeable than Savantji, I think I can add something.

Breakout of volumes requires the price to breakout of a resistance and on high volumes. Here since there is not hard and fast rule some TA's use a rule: breakout of more than 3% from resistance (viz 515 for ABAN or closing of more than 500 for 3 consecutive days). If the above rules is not satisfied then it would be a spike or testing the waters. If it satisfies the rule and then starts closing below 500 for 3 days then it becomes a failed breakout and stocks "usually" decline rapidly.

About volume - the volumes may not spike on the day of breakout itself but one successive day the volumes should support the price rise. If the avg volume following breakout is higher than the moving average that should qualify.

Also note the days following the breakout were extraordinary. Besides the rapid rise of the stock price in a short while can also dry up volumes.

Thanks LT

Anyways, here are my picks for trading session of June 3 2008:

IFCI - (Jun 2 Closing:53 ) BUY for intraday
ABAN - (958) TGT: 1060 1 week SL 905
RPL(143.8) - BUY for 1 week
SAIL(182) - Short sell
ROLTA(145.35) - TGT 155 for 1 week SL 140

IFCI touched 55 quite a no of times. It was chosen because of a shooting star formation on candle charts.

ABAN was chosen as a ascending triangle pattern was close to breakout
RPL was chosen because of a hammer candle stick pattern
SAIL because if hanging man pattern n candle charts.

I will update the figures again after closing

Thank you.

 

[SavantGarde]

Bunny,

WOW !!! Looks Like After All I Can Prepone My Holiday....

You Guys, Are Good...Not Just Good....But Very Good !!!

Happy & Safer Investing

SavantGarde

Savant Sir,
ABAN OFFSHORE has already reached an intra-day high of 1072





Thanks LT

Anyways, here are my picks for trading session of June 3 2008:

IFCI - (Jun 2 Closing:53 ) BUY for intraday
ABAN - (958) TGT: 1060 1 week SL 905
RPL(143.8) - BUY for 1 week
SAIL(182) - Short sell
ROLTA(145.35) - TGT 155 for 1 week SL 140

IFCI touched 55 quite a no of times. It was chosen because of a shooting star formation on candle charts.

ABAN was chosen as a ascending triangle pattern was close to breakout
RPL was chosen because of a hammer candle stick pattern
SAIL because if hanging man pattern n candle charts.

I will update the figures again after closing

Thank you.

 

[SavantGarde]

Praveeeenn ! Oh Praveeeen !!

NIITLTD 60+

SavantGarde

 

[SavantGarde]

Pooja,

How Come ICSA Does Not Reflect In The List....I Thought You Said, You Haven't Sold It....

Happy & Safer Investing

SavantGarde

Savant,

I entered unitec @93 - 100 shares..hope hvnt done the wrong thing again.

also, here is the list of my 2nd idirect acc.

Stock Symbol Qty Average Cost Price Current Market Price Purchase date
ASHLEY 200 33.38 36.80 JAN 2008
TELCO 15 670.60 354.45 JAN 2008
ALLBAN 100 93.46 88.00 JAN 2006
IDBI 100 92.98 90.70 AUG 2008
IFCI 30 52.94 52.80 AUG 2008
ACC 10 779.51 785.00 JAN 2008
GNFC 20 128.31 98.50 AUG 2008
GVKPOW 100 40.34 44.85 AUG 2008
NAGCON 20 140.35 131.00 JULY 2008
INNCOM 10 352.95 192.50 AUG 2008
POLSOF 75 74.71 99.00 JAN 2008
ISPIND 100 34.39 27.00 JAN 2008
KAMIS 100 28.58 25.20 AUG 2008
SAIL 20 153.15 181.85 AUG 2008
GITGEM 20 266.22 129.90 AUG 2008
NTPC 100 75.76 224.25 JAN 2006
BONREF 100 64.35 45.70 AUG 2008
MRPL 100 72.61 74.80 AUG 2008
RELPET 40 168.21 143.15 AUG 2008

Should i cash out NTPC, POLSOF & SAIL. What is ur take on ASHLEY and GVKPOW, MRPL, BONREF. Are they really very bad choices i made.

Very frankly, savant i would want to have some cash and rebuild my portfolio as per ur recommendations. I dont know about strategies that one should adopt to earn in share market. I guess my timings are wrong especially the exit timings. I just hold on too long..pls guide me.