Stocks To Keep A Close Eye On

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itzarvind

Well-Known Member
Ritesh,

Please have a look at Savant's reply to my post in the following link,

http://www.traderji.com/equities/10035-stocks-keep-close-eye-343.html

#3429.

So, Let us wait till Savant confirms :)

Regards,
Arvind


Hi Arvind,
I am of the same view as you are, but in following post it is advised to exit whenever price cuts upper BB.
http://www. traderji. com/equities/10035-stocks-keep-close-eye-67.html#post176703

I am sure in TA, there is no hard and fast rule to it. But just wanted to know how to identify on which conditions (of price cuts upper BB) to exit and on which not to.
-ritesh
 

SavantGarde

Well-Known Member
Hi Rithikesh,

If You Observe From The Chart Attached By You.

There Is An Instance Previously Of BB Having Been Pierced....After A Few Days Of BB Being Touched ABAN Has Consolidated Before Starting Its Last Weeks Up Move Again, Wherein BB Has Been Pierced Again, While Bullish Crossover Is Not Showing Any Weakness, Chart Will Probably Start Looking Like It Looked Earlier When It Consolidated For A Few Days.

People With Trading Outlook Can Always Take Advantage Where BB Has Pierced For A Few Days To Sell & Buy It During Consolidation, But One Has To Be Very Nimble About It.

It All Depends On An Individuals Comfort Level.


Happy & Safer Investing

SavantGarde

Savantji,
Looking at the attached ABAN chart, Bullish crossover is already in place. But it also cuts across upper BB last 3-4 sessions.
So it it still be a Hold or Sell.

-Ritesh.
 

scorpio77

Well-Known Member
Hi Ritesh,
From the chart posted, there nas been a successive piercing of the bollinger by green candles. The SMA gap is also widening. This denotes a confirmation of the uptrend. The stock is a BUY or Hold at the moment.
Correct Savant?
Savantji,
Looking at the attached ABAN chart, Bullish crossover is already in place. But it also cuts across upper BB last 3-4 sessions.
So it it still be a Hold or Sell.

-Ritesh.
 

SavantGarde

Well-Known Member
Hi Aijaz,

2 Alternatives For You,

Hold Without Doing Anything

Or Sell Partial Quantity & BUY Back A Little Lower.


Happy & Safer Investing

SavantGarde

Savantji I have bought the following stocks on 24/5, intend to hold till budget
REL.PET and Bharat Forge is showing weakness should i hold them or book loss.
im prepared to hold on to rel.pet for long term, i believe it will go up.

Rolta 100 @ 115
Bombay dyeing 15 @319
Bharat Forge 17 @ 182
Suzlon 25 @ 120
unitech 50 @ 96
Rel.Petro 75 @ 145

Do you advise me to book profit on scrips i gained 15% profit or hold long, kindly advise thanks in advance.
ajaz
 

SavantGarde

Well-Known Member
Hi BonoBuddy,

While I Don't Track Welspun India, It May Still Run Upto Budget, In Anticipation Of Positives For Textile Industries In The Budget.

L&T Is HOLD For Now, But You Can Start Thinking Of Some Partial Profit Booking Above 2200


Happy & Safer Investing

SavantGarde

Hello Savant Sir,

I had a query about Welspun India which is currently at 42.9 Is it a good scrip to buy for short term.

Also I am making a profit on L & T that is currently at 1519, I had purchased at 1192. Is it a good time to book profits and then pick up more on dips later?

THanks

Bono
 
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