Stocks To Keep A Close Eye On

[learn2trade_ar]

See for CMC, there is bullish scope, but not immediate IMO. Strong possibility that it could come down from above upto 850 before bouncing back.

But can't understand this at all Bunny. What in charts is showing like this. It has shown breakout of consolidation with very large volumes. So, how are you interpreting it coming down first. Just want to clear my understanding as I would have definitely thot abt going long in this based on whatever I;ve learned from you abt VSA and v.surprised to see you recommending down in this.

 

[rizuk]

Hi Rizuk,

Ek Hee Nazar Kyon....Do Nazar Laga Kar Bataraha Hoon.....

SELL Only 35% Quantity As And When They Appreciate From Current CMP By 60-65%

Only Prime Focus I Need To Check On

Happy & Safer Investing

SavantGarde

Thanks

Actually I wanted to thank you from Bottom of my heart . . lekin phir socha share bazaar mein Bottom word use karna achi baat nahin hai

 

[bunny]

But can't understand this at all Bunny. What in charts is showing like this. It has shown breakout of consolidation with very large volumes. So, how are you interpreting it coming down first. Just want to clear my understanding as I would have definitely thot abt going long in this based on whatever I've learned from you abt VSA and v.surprised to see you recommending down in this.

My concern is the long wick at the top. Also, the volume is a very excessive, almost 10 times the volume before 4 sessions. This indicates that there is also a large supply depot in the background. You can observe on other historical data too that long upper shadows with high volumes are mostly not good for long positions.

One more addition. A bullish operator often gaps up the opening price by a good measure, here it does not seems so.

 

[tghai]

gold

http://invest-n-trade.blogspot.com/2008/08/gold-etf-india-gold-based-etf-on-nse.html

we have 4/5 nse based gold etf .. is it better ideea to invest in them. even if ruppe appriciates we will be fine.

Savant , suggestions ?

 

[cnbondre]

It was ready a long time ago my friend.... i think many ppl have it with them now:clap:

Hi,

Chaitanyagoa,

Where is the link? How come I missed it? Anyway will you let me know where is it?

Regards

CNB

 

[SavantGarde]

Guys,

What I See On The Chart Is As Follows....After A Huge Move In Beginning Of August....It Has Basically Consolidated In A Tight Range Which Eventually Became A Congestion Zone....Thereafter On The Second Last Bar It Has Broken Out Of The Range Followed Up Next Day By Another...Bigh Move...

Ideal Entry Point Would Have Been To Draw Two Parallel Lines Keeping The Congestion Zone Except For A Few Spike Odd Small Spikes Perhaps Because Of The Overall Market Move...& Kept An Eye On The Breakout Area...

So Entry Is Advised Only Above Friday's High

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Re: gold

Hi Tarun,

Only ETF I Would Recommend Is GOLDBEES...

Now Coming To Brave Statement Made By You About Rupee Appreciation.....

I Have Seen Enough Investors In My Short Trading Life Who Had An Extremely Long Term View +5 Years....Where They Have Seen Some Scrip They Held @ 100 Bucks Which Had Gone Up 220.... & When It Retraced To 150 Bucks...They ONLY Kept Regretting How Much Loss... They Had .......

Considering They Were Still Sitting On 50% Profit....But Could Only Think Of The 220 Figure High Of The Stock....

Happy & Safer Investing

SavantGarde

http://invest-n-trade.blogspot.com/2008/08/gold-etf-india-gold-based-etf-on-nse.html

we have 4/5 nse based gold etf .. is it better ideea to invest in them. even if ruppe appriciates we will be fine.

Savant , suggestions ?

 

[cnbondre]

My concern is the long wick at the top. Also, the volume is a very excessive, almost 10 times the volume before 4 sessions. This indicates that there is also a large supply depot in the background. You can observe on other historical data too that long upper shadows with high volumes are mostly not good for long positions.

One more addition. A bullish operator often gaps up the opening price by a good measure, here it does not seems so.

Hi,

Bunny,

Nice explanation! You have your strong point. I never thought that way, but crossover & bollinger band is telling some different story

Let us wait and see.

Regards,

CNB

 

[tghai]

Re: gold

Only Risk To The Figure I See Is Rupee Strength In Some Year...Could Land Us At 25-28 To A Dollar....& In Much Longer Term....Could Be Even Much Lower From There....

My question was related to your post where risk in gold investment was rupee appreciation. I did not make any brave statement myself as I dont hv any knowledge.

 

[tghai]

Re: gold

After some more research I see that all comodities are affected by $ movement as they are traded in $ inherently whether they are NSE listed or any other exchange listed.