Stocks To Keep A Close Eye On

[learn2trade_ar]

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.

Thanks Bunny, got it. Even me 2 read both these points in Karthik's VSA thread today morning only but still failed to apply in this chart . Probably need to read it many more times and then try applying on charts. Looks like will take much more time

 

[bunny]

Thanks Bunny, got it. Even me 2 read both these points in Karthik's VSA thread today morning only but still failed to apply in this chart . Probably need to read it many more times and then try applying on charts. Looks like will take much more time

There is a saying in VSA, "True weakness is seen on up days; and true strength is seen on down days". I know this is contrary to what most TA books teach.

 

[chachi]

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

'JAI BABA'

31) BUY GVKPIL (CMP 47.45) @ 347.85
Quantity 57 Shares
Stop Loss 44.75
First Target 51.70

.....To Be Continued​

It should be buy @ 47.85

Regards
Chachi

 

[chachi]

I saw your posting at Stocks To Keep A Close Eye On -II

Just to keep that thread clean, I am posting my query here in this thread.

'JAI BABA'

For Short Term Investors (For 24/08/2009)

7) BUY JINDALSAW (CMP 531.80) @ 538.65
Quantity 2 Shares
Stop Loss 482.20
First Target 677.85

.....To Be Continued​

Savantji,

It is noted that SL is same % away from Buy price as that of the Target price for most of the scrips mentioned. Hpwever for JINDALSAW SL is 10.5% away from Buy price where as Target price is about 25.8% away. Why is it so? Similarly I found slight deviations in case of AIAENG & TATAELXSI. Anything I am missing here?

Regards
Chachi

 

[rangarajan]

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.

Bunny,

So,according to u ,it is only distribution.If so,what signals to look for buying as the stock has closed above previous PHs of8th& 13th & pierced 16/7 & also formed PL on 18/8. If one wants to short,i think it should be below 842 as the PH would be formed , with s/l as per individual risk aptitude.

Also,i infer from u that PHs or PLs ,r not to be seen in isolation w/o vol.Fine.In this case,is there a chance of losing opportunity to participate in the tend.

ranga

 

[jp2u]

My god This thread is filled with information and now am confused.
Savant Sir i tried to ask you question two times, but my question was lost in the sea of conversation it seems.

I am new to stocks. Will you please sir advice me on with stocks to invest to start with.

Thank you

 

[SavantGarde]

Hi JP,

Yes I Have Seen Your Query.....Most Unreplied Queries That Are Pending, Will Be Replied Today.

Happy & Safer Investing

SavantGarde

My god This thread is filled with information and now am confused.
Savant Sir i tried to ask you question two times, but my question was lost in the sea of conversation it seems.

I am new to stocks. Will you please sir advice me on with stocks to invest to start with.

Thank you

 

[SavantGarde]

Hi Chachi,

Yes, Deviation Is Part Of Re-Think....Based On Something That I May Have Noticed In Certain Stocks.....& There Are Perhaps A Few More Than The Ones Mentioned By You But Not By A Wide Margin, Am I Glad, You Are Going Through The Triggers With Tooth & Comb....

Just As Stock Market Pulls Surprises On Unsuspecting Small Investors, We Also Must Possess The Ability To Do The Same From Time To Time

Happy & Safer Investing

SavantGarde

I saw your posting at Stocks To Keep A Close Eye On -II

Just to keep that thread clean, I am posting my query here in this thread.



Savantji,

It is noted that SL is same % away from Buy price as that of the Target price for most of the scrips mentioned. Hpwever for JINDALSAW SL is 10.5% away from Buy price where as Target price is about 25.8% away. Why is it so? Similarly I found slight deviations in case of AIAENG & TATAELXSI. Anything I am missing here?

Regards
Chachi

 

[jp2u]

Hi JP,

Yes I Have Seen Your Query.....Most Unreplied Queries That Are Pending, Will Be Replied Today.

Happy & Safer Investing

SavantGarde

Thank you sir, :clap:

 

[praveen taneja]

On very auspisious day of Ganesh Chaturthy I pray to Lord ganesh That he bless all my bro n sis in TJ and everywhere with his blessings so they can live a healthy & prosperous life ahead