Stocks To Keep A Close Eye On

[asnavale]

Thanks Anant for the sample report. It includes all the recommended stocks in one go. I think it will be nice if you can include the buy date. I also observe that Axis Bank 5-6 crossover has not generated a buy as it has not crossed the previous days high. So the buy needs an additional condition. Could you please help me on that. I have included the buy date but may not be the best way to do it.

Thanks & Regards
Ken

Hi Ken,

It is easy to put in the Buy Date also in the report. I did not add it because the report generated will be only for all the stocks bought on the same day. But, yes, if you have more than one list it is easier to maintain the update reports with buy date included. I will modify the AFL and replace in the original post.

Hi Uma,

It is possible to include the SL and Targets. But there is one limitation. For any computer program your idea or thought has to be expressed clearly and unambiguously. A computer can not make out the meaning form different possible meanings or contexts. Take the two following sentences:
1. Their mangoes
2. There man goes
When you speak these sentences they sound same but have different meanings. Depending on the context you will make out which one is the correct meaning. A computer can not do it.

For your suggestion regarding SL and target we have to precisely formulate the rules to calculate the SL & Target. Although Savantji has given precise description of Target, the SL is not clear to me. If you see the list of 28-05-09 you will see that the SL is previous low in some cases and in some cases it is the low of 5-days before. This is preventing me from coding the SL. May be, Savantji has given the SL from his experience and eye-balling the chart. If we are able to formulate the rule for SL and strictly follow it we can program it into the AFL. In fact, we can even automatically revise the SL and target when a given target is reached. I am reading through all the Savantji's answers to conclude the exact methodology of calculating the SL. Once I get it I will definitely include in the AFL and post it.

Regards

-Anant

 

[asnavale]

please tell me how to get the stock data/ EOD
into amibroker

Hi izzner,

I will do it. Just wait for this evening.

Regards

-Anant

 

[darsh_2002us]

hi,
Any views about MARICO....

 

[chaitanyagoa]

Hi Anant,

You Think, Your AFL & Doc's AFL & My Triggers Are Indirectly Translating Into More Business For AmiBroker...... If So Many People Want To BUY It, Why Not Collectively Approach Them For Some Kind Of Quantity Discount....Just Thiking Aloud.

Happy & Safer Investing

SavantGarde

Good Idea

Savantjiii

 

[sashsaha0]

I checked amibroker site its 279$ and for ultimate pro pack 409$ now its big for me but hoping to buy soon especially when savant sir around

 

[jace48]

I checked amibroker site its 279$ and for ultimate pro pack 409$ now its big for me but hoping to buy soon especially when savant sir around

Their is something called as Fibotrader as well. It's FOC and full featured . Only draw back, it keeps you nagging all the time to buy it when you start.

The only problem is that you can't adopt amibroker code if you don't understand coding.

 

[izzner]

stocks have corrected
suzlon 129
UNITEC 97

should I buy more on dips

 

[asnavale]

Thanks Savantji. Yes I noticed that Axis Bank is out of list. Just wanted to know if the system generated a buy on 28th May. for Axis Bank

We will wait for Anant's help and reply.

Yes I am the one posting on Sniffer System.

Thanks & Regards
ken

Hi Ken,

This is regarding AXISBANK. Different systems give different signals. The SMA 5/6 crossover generated a Buy signal on 27-5-09 and came into Buy list on 28-05. On 1-6-09 The cross-over was in opposite direction signalling a Sell and on 2-6-09 went down below Stoploss. Therefore, it was out of the list. As you have observed it has again crossed over on 2-6-09 signalling a Buy. But it has closed lower giving a red candle. The same has continued. As Savantji has mentioned we have to see a green bar and decide. The green bar has come yesterday, 4-6-09. Let us see Savantji's interpretation. What I noticed is although there is crossover on 2-6-09 it is still making lower lows. Probably it should make a higher high before we decide a Buy condition.

The same chart with 20/50 cross over has given Buy on 13-4-09 and not any Sell signal so far. Therefore, on a short term basis (where you apply 5-6 cross over) both Buy and Sell are over and the new Buy requires confirmation. On a longer period of time where 20/50 crossover is applicable there no Sell signal. The 20 SMA is showing a little weakness but can go back or fall further depending on future trend. The two charts are attached here in the attachment AXISBANK-CrossOver.png. Another chart attached here (AXISBANK-LinReg) has the same 20/50 system in upper part and another system based on Linear regression in the lower half. The lower chart (lin. Reg) has given Buy signal on 13-3-09 compared to the 20/50 system which has given the Buy signal on 13-4-09, almost one month earlier Shown by yellow circles). The two dotted lines above and below are the boundaries which act as stoploss. The upper one when you are short and lower one when you are long. As we are on long in AXISBANK since13-3-09 and the price has not gone below the lower line the uptrend is intact. The price is coming down towards the lower line but if it reverses then there is no worry. If it closes below the line then there is a Sell signal. The two lines are not support-resistance. They are the stoploss levels. They automatically adjust themselves everyday and only when they are breached the action is to be taken.

Do not ask me for this system. It is in very preliminary stage. There are a lot of things to be straightened. Presently I use it as an additional support system for decision making but not depend on it.

This is what I infer from the charts for AXISBANK. Savantji can give a better judgement.

Regards

-Anant

 

[asnavale]

Hi Anant,

You Think, Your AFL & Doc's AFL & My Triggers Are Indirectly Translating Into More Business For AmiBroker...... If So Many People Want To BUY It, Why Not Collectively Approach Them For Some Kind Of Quantity Discount....Just Thiking Aloud.

Happy & Safer Investing

SavantGarde

Yes Sir, that is a good idea. I am interested in it.

We have to collect the interested people and go for the bargain. Interested people can voice their views.

Regards

-Anant

 

[asnavale]

I checked amibroker site its 279$ and for ultimate pro pack 409$ now its big for me but hoping to buy soon especially when savant sir around

You may not need the ultimate version. The standard edition is good enough even for intra-day. It is much cheaper.

-Anant