Stocks To Keep A Close Eye On

[bunny]

BTW does anybody other than me feel that we will have a up-day over SENSEX and NIFTY?

 

[cnbondre]

hello CNB,

I am attaching the chart of Zylog.

if you observe RSI have given a sell indication 12th Aug. the reason being it is coming down from overbought zone. but, still the price is continuing to rise. and MACD has given a sell signal on 12/8 and a buy signal on 14/8.

So, sometimes, these indicators could be misleading.

However, please go through smart trade's thread which goes something like "how to trade occillators". where in he has explained how to trade in these over bought zones.

cheers.

prasad.

Hi,

Prasad,

Thanks for your efferts. Again and again it proves that sma crossover and BB with-out any other supportive indicator is the most reliable and simplest method that Sanant Sir has developed over a period !

.........One question remains unsolved how to minimise the whipsaw as they eat out our profit and time at entry or exit ?...hhmmm..... Only time and experience will tell us ! Or if we found out how to identify long term trend it will reduce whipsaw !

Any way thanks once again for the graph of Zylog and your co-operation.

Regards,

CNB.

 

[cnbondre]

CNB,

here is the link to smart trade's thread.

http://www.traderji.com/day-trading/30182-how-trade-oscillator.html

Hi,
Prasad thanks a lot for the link.

CNB

 

[prasadam]

BTW does anybody other than me feel that we will have a up-day over SENSEX and NIFTY?

Not sure. but, Nifty range 4300-4500 ( based on option data) for this month, where as some important Nifty stocks are showing upward bias.

In a nut shell, me feels, there may not be fire crackers. Indexes will be maintained at these levels by managing defensive stocks.


prasad.

 

[SavantGarde]

Hi CNB,

If Talking About Intraday To Minimize The Whipsaw, Then Use The Higher TF

If Talking About Positional...

a) Then Follow A TSL Of 50-SMA For Next Day After Entry, 49-SMA For For Second Day...So On & So Forth Till You Reach 10-SMA

Or

b) Previous Weeks Low Or 5 Day LOW On Closing Basis

Or

c) Ignore The Flattish Crossover....& Check The Charts For Overall Market Or Sector Chart For Its Trend.

Or

d) Exit Next Day If On EOD Chart Full Candle Or Atleast 70% Is Below The 20-EMA

Happy & Safer Investing

SavantGarde

Hi,

Prasad,

Thanks for your efferts. Again and again it proves that sma crossover and BB with-out any other supportive indicator is the most reliable and simplest method that Sanant Sir has developed over a period !

.........One question remains unsolved how to minimise the whipsaw as they eat out our profit and time at entry or exit ?...hhmmm..... Only time and experience will tell us ! Or if we found out how to identify long term trend it will reduce whipsaw !

Any way thanks once again for the graph of Zylog and your co-operation.

Regards,

CNB.

 

[prasadam]

Hi,

Prasad,

Thanks for your efferts. Again and again it proves that sma crossover and BB with-out any other supportive indicator is the most reliable and simplest method that Sanant Sir has developed over a period !

.........One question remains unsolved how to minimise the whipsaw as they eat out our profit and time at entry or exit ?...hhmmm..... Only time and experience will tell us ! Or if we found out how to identify long term trend it will reduce whipsaw !

Any way thanks once again for the graph of Zylog and your co-operation.

Regards,

CNB.

yupe. with experience, we may recognize by seeing the angle /slope of the sma.


prasad.

 

[nbcp2004]

May be profit Booking tomorrow morning,I prefer shorting for tomorrow

Stocks To Keep A Close Eye On (6th Dec 2006)​

NEW BUY TRIGGERS

NAME

Bajaj Auto

Dr Reddy

Maruti

Tata Motors

The Above Stocks have given a buy signal....which means one can take a position either in the stock or Stock Future.....keeping a Stop Loss of 1% from the purchase price....and continue the position.....everyday adjusting the Stops....locking in the the profits...till the Signal turns....to 'Sell'

One doesn't have to actually buy the triggers above.....instead can study the stock how it behaves.....when it generates a buy signal....The Faith in following it up with actual trade shall come with time........& Trust....

Many Pardons....for not having posted....the explanation earlier.

Seeya

SavantGarde

 

[bunny]

I am gonna watch the following stocks for tomorrow. I have selected them on VSA and historical prices. Lets us see how it goes.

 

[enygma]

On the watch tomorrow

The following look interesting on the daily charts

ALBK - approaching strong resistance zone of 82. Breakout/Breakdown possible.

APIL - BBs contracting.

BHARATFORGE - taking support multiple times in the zone of 208-210. Getting ready for the next upmove or breakdown possible?

BRFK - BBs contracting.

CHAMBLFERT - Has come down to the long term support zone of 47 after a failed upmove. Further breakdown possible.

CONCOR - was on my list previously because of BBs contracting. Now has broken out to new highs.

DCB - BBs contracting.

DRREDDY - Extreme contraction of BBs. Take a look at the charts for yourself.

INDIACEM - Near long term support zone of 125-6.

MINDTREE - Broke out today on the upside after BBs had contracted.

RELIANCE - Taking support of its R/S zone of 1900. Could dictate the market move in the near term.

STERLINBIO - BBs contracting

TATAPOWER - BBs contracting

These can be traded with a few days trading perspective, if you see a move in either direction.

Regards,
Enygma.

 

[enygma]

For Positional, I was doing visual backtesting of some of these strategies for my set of stocks and found that b) and d) are pretty reliable. In fact, something as simple as d) alone is a very strong indicator.

To do a), most of us mere mortals would need some programming support.

For flattish crossovers, I fall back to daily pivot lows breaking.

One other exit strategy could be to offload a bit if very near to historical resistance but still learning that ...

Regards,
Engyma.

Hi CNB,

If Talking About Intraday To Minimize The Whipsaw, Then Use The Higher TF

If Talking About Positional...

a) Then Follow A TSL Of 50-SMA For Next Day After Entry, 49-SMA For For Second Day...So On & So Forth Till You Reach 10-SMA

Or

b) Previous Weeks Low Or 5 Day LOW On Closing Basis

Or

c) Ignore The Flattish Crossover....& Check The Charts For Overall Market Or Sector Chart For Its Trend.

Or

d) Exit Next Day If On EOD Chart Full Candle Or Atleast 70% Is Below The 20-EMA

Happy & Safer Investing

SavantGarde