Stocks To Keep A Close Eye On

[arpg1980]

Hello Savntji,

Got caught in Friday fury of Suzlon. Bought Suzlon 500 @144.3 for intraday. However played without stop-loss so got stuck and now it's at 131. As per my client-broker agreemnt I can only hold Suzlon for T+2+4 (working days) and want to get off with minimum losses. What u suggest. Do u see the jump somewhere close to 144 within 2-4 session. If not then at what price should I exit. Can u ready very short-term (2-4 days) chart for me or please suggest a target where i should exit.

Regards,
Appu.

 

[asnavale]

For all people who want AMIBROKER 5.20..
Please thankme.. I will PM all of them with the link..:thumb:

DO NOT ENCOURAGE CRACKED / PIRATED SOFTWARE

-Anant

 

[SavantGarde]

Appu,

Next Time.....Will Not Reply To Such Queries, Anyways Now Coming To Your Tuesday Morning Settlement Gets Completed, Therefore I Don't See Why You Can't SELL On Tuesday Itself, Quite Possibly You May See It Go Above Your Buying Price By Wednesday, But Can Only Sure After Mondays Trade...
Next Time, Be Careful....If You Have Excess Money, I Suggest Use It To Feed Poor Hungry Animals On The Road.

SavantGarde

Hello Savntji,

Got caught in Friday fury of Suzlon. Bought Suzlon 500 @144.3 for intraday. However played without stop-loss so got stuck and now it's at 131. As per my client-broker agreemnt I can only hold Suzlon for T+2+4 (working days) and want to get off with minimum losses. What u suggest. Do u see the jump somewhere close to 144 within 2-4 session. If not then at what price should I exit. Can u ready very short-term (2-4 days) chart for me or please suggest a target where i should exit.

Regards,
Appu.

 

[SavantGarde]

Guys,

I Have Called For Charting Software, It Should Be With Me Mid June, I Will Check It Out First & If It Fits Our Purpose, Everybody Who Needs It May Have It....There Are No Redistribution Issues Or Anything....Therefore Let's Wait Till Mid June, If It Doesn't Meet Our Needs We Will Think About AmiBroker Again....OK

SavantGarde

 

[columbus]

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.


-Anant

Your charts are damn good.What is the software you are using?

 

[mail2pjoshi]

Advice Needed From the Community

Hello Guys,

Pretty much my first post here and I am already seeking advice Would really appreciate it if I can get your opinions about some questions that I have. Please pardon me if this is not the right thread where I should post these questions. Here I go:

I am attaching a snapshot of my current portfolio. I would like your opinion about why all of it is going in red even though the SENSEX is increasing? Also at the same time I am worried about Brawn Pharma and Aimco Pesticides (even from the point of holding on). Any suggestions as to how can I improve my portfolio returns and when can I expect to break even with around 5% growth on it?

PS: Mr. Savantgarde, I have been following your posts on this forum and really admire your viewpoints. I would really appreciate if you can provide me some insight on this matter.

Best Regards,

Dr. Joshi

 

[SavantGarde]

Hi Anant,

It Really Looks Brilliant & So Much More Easy To Iron Out Things, Seeing All The Charts Together....Thanks A Ton !!!

20/50 Is Exactly What It Is, Will See Later With Todays Rates What Comes Up.

Now Coming To Lin-Reg That Looks A Lot More Like The 5/6, In Terms Of Triggers & S/L Levels, Because On 5/6 I Have A Slightly Delayed Trigger Which Gave A BUY On 17/03 I Think The Price Was About 325.00.

Since 5/6 I Am Updating Now On Weekly Basis, It Is Quite Possible For It To Have Triggered SELL, Have Not Checked It, Will Do That In The Night.

Another Thing That Is Clear From All The Charts, 700 Is A Strong Support, Therefore, It Is Quite Possible For It To Bounce Back, Break Of 700 Will Make It A Bit Weaker, But Then Margin Of Safety Is Quite Huge.

Anant, What If Lin-Reg Is Adopted For S/L....That Could Simplify It For AFL...You Talked About In Your Earlier Post....On Having Precise Conditions For AFL.

Warmest Regards

SavantGarde

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]

Your charts are damn good.What is the software you are using?

I am using AmiBroker

-Anant

 

[asnavale]

Hi Ken,

This is regarding AXISBANK.
... ...
... ...

Regards

-Anant

One more thing I forgot to write is the Bollinger bands (Close, 9, 2). These are not shown in my charts. But if you look at the BB in SMA 5/6 chart you find that from 29-5-09 onwards the BB are widening with the lower band dropping down more and more. This also may be interpreted as a sign of price moving down further. However a clearer picture can emerge only after some more waiting and watching the price pattern.

-Anant

 

[asnavale]

Hi Anant,

It Really Looks Brilliant & So Much More Easy To Iron Out Things, Seeing All The Charts Together....Thanks A Ton !!!

... ... ...

Anant, What If Lin-Reg Is Adopted For S/L....That Could Simplify It For AFL...You Talked About In Your Earlier Post....On Having Precise Conditions For AFL.

Warmest Regards

SavantGarde

Thanks Savantji.

As I have mentioned in the post the system is in a very very preliminary stage. You may call it an idea just conceived. I am myself not very sure how it will develop.

As far as using the Stop loss lines in the AFL it is not yet ready for that. What you have seen is a case where it is in a clear uptrend for fairly a long time. In times of consolidation or frequent ups and downs it is also changing the course and today's interpretation will change tomorrow depending on the price movement. The reason is at present (as I have programmed) the system compares the trend since the last reversal with the last five days trend (starting from today ging back five days) and then decides whether there is a significant change. It also takes into cosideration on the long term scale whether the price has breached the upper or lower line. If both conditions are met then it tries to start a new trend. Then this new trend becomes the basic one and same process is adopted for the future days. Therefore, if after starting the new trend within a couple of days there is change in opposite direction then it reverts to old trend and continues with that. In this process whatever Buy/Sell signals were generated will get cancelled. Automatically the Trailing stop lines are also changed.

I am sure what I have written above is not very clear or cohesive. This is because the idea itself has not yet crystallised properly.

Therefore, at present it is better to continue with your way of fixing the trailing SL. Meanwhile as per your suggestion I will keep track of the SL with this Lin Reg system also. When something useful comes out I will put it here for scrutiny.

Regards

-Anant