Stocks To Keep A Close Eye On

[izzner]

^+1.. thankx...

 

[lazytrader]

I am not sure what time frame are you looking trade? The immediate stop would be less than 1245, but you might get whipsawed. If you decide to exit at 1245 you can look for reentry above 1400.
On WoW basis it's at 815

815 is 37% away and 100% retracement of the rally. That will simply not do. 1245 seems credible considering the recent low of 1250. If one can wait for 815 then waiting for another 15pts lower @800 will be a better stop. 803 is the low so it makes more sense to me. I'm a bit old school, rely heavily on the chart itself.

Are you deriving these values of 1245 and 815 from some calculation?

BEL seems to have some serious resistance at 1400 and the candlestick patters are getting me worried.

 

[kenneth]

Hello friends,

I am Anant. I am posting in this forum for the first time. Most of my posts are in Karthik Marar's threads "Experiments in Technical Analysis" and "System Implementation Excercise". For long time I have not posted in Traderji though I am regularly going through the messages in the forum.

I had asked Uma to post the updater AFL. But Uma insisted that I should do it and explain the AFL and its usage. So, Iam doing it now. The AFL is attached with this message as 'updater.txt'. You can download it into your Ami Broker Folder under Formulas-Custom folder and rename it to 'updater.afl'. The AFL itself is very simple and short.

Coming to the working of the AFL, I will explain it line by line. Experts can directly start using it as they will understand the functioning of the AFL.

Take the first two lines of the AFL:

[COLOR="Blue"]BuyDate = ParamDate("Buy Date", "28-05-2009");
Dt = DateNum();[/COLOR]

The first line is for selecting the Date on which the stocks were purchased. The default date is 28-05-2009 as this was the date from which Uma is tracking the stock list. You can select any date you want. I will explain later how to select the date when describe how to use the AFL later. The second line is just to get the dates of the quotes in your database and convert them to a number. Ami Broker converts dates to number as follows:
Date Number = (Year - 1900) * 10000 + (Month number) * 100 + Date.
Therefore 28-05-2009 becomes 109 * 10000 + 5 * 100 + 28 = 1090528.

Now take the next 8 lines:

[COLOR="blue"]BarNum = 0;

for(i = BarCount - 1; i > 0; i--)
	{
		if(Dt[i] == BuyDate)
		{
			BarNum = i;
			break;
		}
	}[/COLOR]

This portion finds out where in the databse is the data pertaining to the buying date. For this what it does is start counting from the latest data point and count backwards. For each data point it examines the date of that point and compares with the selected buying date (selected in line 1 above). If the dates match it takes that point and stops counting and goes to next part of the code. Ami broker stores the data for each stock for each day as a bar and its position in database is referred to as BarIndex. The bar numbers start with zero for the oldest data point and continue further towards the latest by increasing the number by 1 for each subsequent bar. Total number of data points available for a stock is called the BarCount.

Now the next portion of the code:

[COLOR="blue"]BuyingPrice = IIf(H[BarNum - 1] > H[BarNum], H[BarNum], IIf(H[BarNum - 1] < L[BarNum], L[BarNum], H[BarNum - 1]));
PL = C - BuyingPrice;[/COLOR]

Here we are determining the buying price for the stock. As we have located the data point for the date of purchase and saved the position as BarNum, we now use the data for this BarNum to determine the price. As Savantji has explained the buying price is the previuos day's high. Therefore the program selects the high of previous day (the day before buying) as the buying price. But if on the actual day of buying the High is lower than the previous day's high then it selcts High of buying day as purchase price. If the low of buying day is higher than previous day's High then the low of buying day is taken as purchase price.
Using this purchase price the program determines the Profit/loss by subtracting the purchase price from the day's close. This is stored as PL
Now the remainder of the program code simply prepares the report:

[COLOR="blue"]Filter = 1;

SetOption("NoDefaultColumns", True);

AddColumn(DateTime(), "Date", formatDateTime, colorDefault, colorDefault, 120);
AddTextColumn(Name(), "Symbol", 12, colorDefault, colorDefault, 120 );
AddColumn(BuyingPrice, "Buy Price", 6.2);
AddColumn(C, "Today's Close", 6.2);
AddColumn(PL, "P / L per share", 6.2, IIf(PL < 0, colorRed, IIf(PL > 0, colorGreen, colorDefault)), colorDefault, 72);
AddColumn(PL * 100 / BuyingPrice, "P / L %", 6.2, IIf(PL < 0, colorRed, IIf(PL > 0, colorGreen, colorDefault)), colorDefault, 72);[/COLOR]

The statement Filter = 1 defines the criterion based on which the report should be prepared. Filter = 1 selects all stocks.
the 'SetOption' statement declares that there are no default columns in the report and only the column defined in the program are reported.
The remaining 'AddColumn' statements define the column we want to see in the report, the order in which the columns are presented and the format of the column contents.

That's all about the logic of the AFL and its working internals.

The instructions for its usage are in the next post.

Regards

-Anant

Hi Anant,

Thanks for thd Afl. The text file is missing the 3rd line BarNum = 0;
When you add that the Ln 15 Col 10 gives error. subscript out of range.

Could you please correct it and post the afl text file

Thanks & regards
ken

 

[itzarvind]

Anant,

In the Interpretation part, it says the following

"Error 10.
Subscript out of range.
You must not access array elements outside 0..(BarCount-1) range".

Regards,
Arvind

 

[moto143]

HI Savant Sir.

One of my friend's Dad has 500 Oritental Hotel shares with him from the last 18 yrs or so which he bought at 40 Rs..The present cmp is 240 Rs .. Well, i just noticed one thing with this scrip..The Total volume of this scrip is 880 in NSE and 390 in BSE..

What should one do in such a scenario like this when the volume is soo low.?

 

[lancer]

Hi Savant,

Is It Not An Indication That Bulls Have Gone Defensive? It was suggested by you earlier that FMCGs stocks have a trend of rising, when the markets shows symptoms of plunging?

ITC
203.05 14.5m [192.20 +10.85 (+5.65%)]

Wishes,

Lancer

 

[itzarvind]

Savant/ Doc,

One more Doubt,

Crossover happens at one place which creates a strong signal, after that the candle touches the BBTop. How can we relate this?

To avoid Whipsaw, we are waiting for the next 2 candles to appear. (for Confirmation). But by that time, it touches the BBTop. Kindly clarify?

Do we have to check any other parameter for confirmation.

Attached the screenshot for your reference

Eagerly waiting to see ur reply?

Regards,
Arvind

 

[Bonobuddy]

Dear Savant Sir,

Based on your advice below i purchased 30 SBI at 1881, 50 Bajaj Auto at 1078 and 100 Cairn at 269.8.

You said that one could trade for intraday or hold till friday.

I saw that the stocks didnt move much on 3rd June so i decided to hold to friday.

Please advise me on what to do.

The global cues look weak today,

Thanks, always look forward for your advice whether its for me or others

Bono

Guys,

Here Is A List Of Few Stocks That Will Move Defnitely On Tuesday

a) WELGUJ
b) UNITECH
c) BAJAJ-AUTO
d) SBIN
e) CAIRN

Could Be Played For Intraday Or HOLD Till Friday, Reason Being 'Expansion Breakout'

Happy & Safer Trading

SavantGarde

 

[rohit.patidar]

sir what is sl and target for tata motor.

 

[lazytrader]

Hi Savant,

Is It Not An Indication That Bulls Have Gone Defensive? It was suggested by you earlier that FMCGs stocks have a trend of rising, when the markets shows symptoms of plunging?

Wishes,

Lancer

I think FMCG rises after the market starts moving down. Again you should be looking at the FMCG index because one stock like could move because of some other reasons. Phrama index is a good indicator too.

ITC supposedly came out with good number so I think the rise could be attributed to it.