Stocks To Keep A Close Eye On

[enygma]

Bunny,

Thanks a lot for your brilliant explanations. It is very important for everyone to understand the importance of a good entry which is near a good support line which should act as a stop loss.

Regards,
Enygma.

@ Priyanvada,
BALAJITELE


If you want to go long, this is not a safe entry because it is near a resistance. Yes, there are efforts to pierce through the resistance line(increasing volume and price spreads). If it pierces up through the resistance line, it will again "test" the resistance line(a downday on low volume). If the test is successful, enter long and you will see a rally within couple of days.

Now for the spot marked as "1":
The price was pierced through the resistance on July 25 with high volume and price spreads. While many books say that this itself is a genuine breakout(because its coupled with high volume), an addon-test its genuineness is the next 2 days where price is falling on lower volumes. This means that there is no selling pressure and the professionals can conveniently start a rally.

 

[sam2trade]

Re: Brokerage stocks?

What is a brokerage stock ?

Thanks,
Sameer.

Is it time to buy Brokerage stocks? Heard lot of retail is busy buying and selling these days - 4% drop yesterday, 2 % up today and god knows what happens next

 

[SavantGarde]

Re: Brokerage stocks?

Hi Sameer,

Brokerage Scrips Are Those Companies Who Are Brokers & Are Listed On The Exchanges...

EDELWEISS, INDIAINFO, MOFS, PRIME SECURITIES, JM Finanacial...Etc.

Happy & Safer Trading

SavantGarde

What is a brokerage stock ?

Thanks,
Sameer.

 

[priyanvada]

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[hardik_b_shah]

HI Savant Sir,

I entered the market few months back with about 3lakh and all except my initial buy of 500 Suzlon at 141 went terribly long.
I dont mind holding it for as long as required but after geting a littile bit of knowledge I now understood that it was technically the worst buy possible.

I also beleive that the share has got a very strong resistance around 106-109 level..

Do you recommend to hold it till it turn into green to something else...

Regards,
Hardik

 

[priyanvada]

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[hardik_b_shah]

HI Savant Sir,

I entered the market few months back with about 3lakh and all except my initial buy of 500 Suzlon at 141 went terribly long.
I dont mind holding it for as long as required but after geting a littile bit of knowledge I now understood that it was technically the worst buy possible.

I also beleive that the share has got a very strong resistance around 106-109 level..

Do you recommend to hold it till it turn into green to something else...

Regards,
Hardik

I would appretiate someone else's suggestions too but please provide some sort of explaination at funda/tech level so that I can understand what is suggested and why...

Please try to avoid suggestion like sell at 106 buy at 100

Also I do have money to average the stock if required....

I hope this is not a lot to ask...

Regards
Hardik

 

[amitroy75]

Hi Savant

Sometime back you had recommended RNRL. Had purchased 1 lot at 84 accordingly. Seek your views on the same. Thanks in advance

regards

Amit

 

[sam2trade]

Re: Brokerage stocks?

Thank you Savantji.

Hi Sameer,

Brokerage Scrips Are Those Companies Who Are Brokers & Are Listed On The Exchanges...

EDELWEISS, INDIAINFO, MOFS, PRIME SECURITIES, JM Finanacial...Etc.

Happy & Safer Trading

SavantGarde

 

[priyanvada]

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