Stocks To Keep A Close Eye On

[SavantGarde]

Hi Jitendra,

Thank You Very Much For Your Wishes.

a) Follow Just One Either 20/50 Or The Other One As Described By You.

b) BB Is Just A Secondary Indicator For EOD To Alert You Whether The Price Has Deviated A Lot From It's Normal Price Range.

If You Are Wating For 20/50 To Crossover For Confirmation, That Too Would Be Ok, Or Else Based On Your 5/8 Crossover You May Go Long On Monday, If Trying To Play Safe Then Take Postion At Or Little Above Today's High.

I Think Technical Entry Will Keep Your Losses To A Minimum With Good Money Management Skill, Whereby You Don't Risk More Than 1-2% Per Trade.

On 20/50 If The Price Moves Up Then You May Have A Buy Trigger For Tuesday.

If Taking Postion Based On 20/50 Then The Following Day Keep 50 DMA As S/L & Thereafter Calculate Your DMA Afresh Reducing It By One For Each Trading Day That Elapses After Your Entry Till You Reach 10 DMA, This Is Just One Way Of Calculating A Trailing S/L To Protect Yourself.

Happy & Safer Investing

SavantGarde

Dear Savant Ji,

Please accept my wishes for being promoted to the post of moderator.

I am trying to put technical analysis tools for share trading (till now I have been buying/selling shares on intuition. Profit some times, losses most of the times). Hope you can help me in using these tools.

I intend to purchase shares of suzlon. For this I have collected following data -

5 day SMA (90.49) > 8 day SMA ( 88.66) indicates 'buy' for short term
20 day SMA (100.90) < 50 day SMA (102.20) probably indicates 'sell' for long term
Bollinger bands - Suzlon share price line has touched lower level of band and is moving in upward direction probably indicating 'buy'.

I intend to buy suzlon but 20 day SMA is less than 50 day SMA.

Kindly guide me whether I have interpreted these tools correctly or not . Also do I need to use further tools.

Files containg Charts of above data are also attached.

Your reply can help me a lot.


Regards,

Jitender Garg

 

[SavantGarde]

Hi Sumeet,

Normally An Uptrending Stock Will Remain In BUY Mode, Therefore If One Can BUY The Next Day At Previous Days HIGH.

Happy & Safer Investing

SavantGarde

Thanks Savant Ji for sharing that info. Never thought on those grounds ever before.

But it raises one last question. Dont mind but please answer whenever u get time.
What if the share does not reach that buy price (suggested in ur trigger) on that day? shud v buy it some other day at that price or that trigger is only for the said day? Can I buy the triggers suggested for 17.07.2009 on 20.09.2009 or shud i strictly follow the triggers for 20.07.2009?
Please Guide.

Thanks and High Regards,

SUMEET

 

[Pchartis]

Savantji
HEARTY CONGRATULATIONS TO YOU:clapping:

 

[Rkji]

heartfelt congratulations to you savant sir, you truly deserve it

:clapping:


3 cheers for you

:thumb: :thumb: :thumb:


regards,
rishi xx

 

[nms]

SavantJii,
I am a cash trader/invester. I am confused by following so many technical indicators. I am unable to spot the buy/sell price of a stock, so that I am loosing my profit some extent.Kindly guide me, what are the best few indicators with necessary parameters to follow?
Thanks

 

[atuldoc]

congratulations savant sir :clapping:

 

[mave_rick]

Hi Savant,

Congratulations.
:clap::clapping:


Its was long overdue and should have been done much earlier. But better late than never.... Hope you continue to guide the new investors and novice traders with your immense experience in the market....

Once again hearty Congratulations :thumb: :thumb:

 

[aabhi06]

Savant sir,

good afternoon,

sir i had sent you a mail

requesting plz check it.

Thanks.

 

[jitendergarg2k]

Dear Savant Ji,

Thanks for a quick and elaborate reply.


Jitender

 

[jace48]

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

HEROHONDA HAS SURPASSED THE FIRST TARGET TODAY GIVING A PROFIT OF 11.59%.

Congrats for initial success. Just don't get trigger happy