Stocks To Keep A Close Eye On

[cnbondre]

Re: GSPL and ROLTA

T/U Bunny.
But what i am interested is in yr interpretation of the historical( say 1-2 months ) effort & result from the chart,vol,Type of candle,SM's accumulation/Distribution,supply,sup & Res,target, etc, so that one more chart analysis from pva angle, from an experienced person is available for my guidance.

This stock i had chosed ,because,there was a sell recomm from Deva Dutta in monday's 'smart money' of Busi std & the author is well known for his analysis.

ranga

Hi,

Bunny,

I too feel your comments are very much appreciated here with chart for what rangarajan has asked for. You are too good to analyse it with VPA/VSA angle,
and post it here for a long lasting record.

Thanks in advance for your time and efferts.

CNB

 

[kum2305]

Thanks, that explains a lot! Is there anywhere in this forum that can serve as a tutorial for 'Layman's guide to candlesticks' or any other resource you can suggest? Thanks

Kumar

There is only one way of "predicting" the next candle as I mentioned in the post you quoted. Remember that red and green candle indicate whether the closing price is lower than the opening price or not. Red and green have nothing to do with whether the stock gained over previous day's closing or not.

If closing price is greater than opening price on Monday, Monday's candle on EOD charts will be green otherwise red. So, by afternoon, if you know the opening price of a stock, you can figure out from the CMP how the candle is going to look like, unless some big boy did not like the colour you are trying to paint

The stock in discussion was Unitech, opened around 98, was above 102 most part of the day. By 2:30, you could have predicted a green candle for it for today, unless ofcourse Izzner decided to short it

This is useful in intraday BB trading as well - sometimes you do not have to wait for a candle in a 10 min TF to finish before deciding your next action.

Regards,
Enygma.

 

[kum2305]

A little off-topic but does anyone know how an Indian citizen can one go about trading on the Colombo stock exchange?

Kumar

 

[enygma]

CNB,

I do not distinguish my positional trades into days or weeks holding. The way I go about this is

- Have a selection of about 50 stocks where I am more comfortable with levels/resistance. Am now looking at a few more these days just because of exposure to them through Savant's triggers.

- Normally, because of my regular work, I cannot track the progess of a stock too much intraday but can look at daily charts at EOD. So, on the daily charts, if I see a stock breaking out of EMA 20 levels, it is on my buy list next day as long as at the time of buying, it remains above the EMA 20.

- As long as the closing price remains above EMA 20, it is a hold for me. If it closes below EMA20, it is a sell next day if the price continues to be below EMA20 at the time of selling.

You can adopt variations like waiting for a confirmation of a breakout for a day. This is a basic simple system. You can always tweak this later if you want to add to existing positions or want to lighten positions without fully exiting. I prefer daily to weekly because if I am seeing charts daily, why not act on them immediately instead of waiting for weekly. Also when stocks are in a range, sometimes weekly chart might give you more whipsaws.

I do not follow this for any intraday trades. For that, i normally trade NF or BNF and use BBs alongwith pivot levels alongwith a huge amount of TMA normally on a 10 min TF.

For intraday, I know that people have adapted Savant's system of 5/6 crossover, you might want to check that out.

Regards,
Enygma.

Hi,

Enygma,

Thanks for your detailed reply.
I am looking for a strategy, that will be effective for intraday, positional trade(6 to 10 Days') and short term trade (1 to 3 months) and think if the trade is favorable can be converted into a long term.

This strategy of yours' looks very promising one to me.

Please note that SAVANT SIR has already explained to me so many things related with this topic few days back, here on the forum ( no confusion what he said perfectly understood)
I seek your personal veiw with due respect to you since you said you are following it for a good time, if I have not mis-understood your posting.

Will you pl. suggest depending upon your experience which is a better time frame form the combination of the following, for a positional trade and short term trade?

1)Investment for a positional trade (6 to 10 days)

If I buy on intraday time frame and decide to sell on EOD weekly time frame with above sell conditions "price closes below EMA20 "?

Will be ok.

2)Short term trade ( 1 to 3 months )

Buy n sell on EOD Weekly time frame with above sell conditions "price closes below EMA20 " ?

Will this works

3) Or the system works good on the intraday time frame?

And use it for all type of trade i.e. Intraday, positional and short-term ?

or would you like to tell some thing else ?

Will appreciate your comments,

Regards,

CNB

 

[chaitanyagoa]

can we invest in Sathyam ?

Help please... advice

Hello,
View attachment 13034

The graph shows that there is a wide spread with high volume on a high day ending on a high, which indicates that there was buying in the stock. I am not sure if it a BUY indication but i think the stock has some momemtum:clap:

Some comments on the analysis will be appreciated

Thanks

 

[welcome1100]

Engyma thanks a lot for ur excellent detailed explanations. Well this explains quite a lot..The system u outlined looks simple to follow. As you said, guess no need to look into lot of other indicators like macd, etc.

One more doubt. Do u take volume into account or EMA 20 price cross-over suffices.

I am sure this system would work well as i completely trust your experience and wisdom. Is there a specific profit percent you look for or u jst let the trend decide.

Also, how do u manage 50 stocks on EOD basis. i mean u do it manually on i-charts or any software.

Thanks
Pooja

CNB,

I do not distinguish my positional trades into days or weeks holding. The way I go about this is

- Have a selection of about 50 stocks where I am more comfortable with levels/resistance. Am now looking at a few more these days just because of exposure to them through Savant's triggers.

- Normally, because of my regular work, I cannot track the progess of a stock too much intraday but can look at daily charts at EOD. So, on the daily charts, if I see a stock breaking out of EMA 20 levels, it is on my buy list next day as long as at the time of buying, it remains above the EMA 20.

- As long as the closing price remains above EMA 20, it is a hold for me. If it closes below EMA20, it is a sell next day if the price continues to be below EMA20 at the time of selling.

You can adopt variations like waiting for a confirmation of a breakout for a day. This is a basic simple system. You can always tweak this later if you want to add to existing positions or want to lighten positions without fully exiting. I prefer daily to weekly because if I am seeing charts daily, why not act on them immediately instead of waiting for weekly. Also when stocks are in a range, sometimes weekly chart might give you more whipsaws.

I do not follow this for any intraday trades. For that, i normally trade NF or BNF and use BBs alongwith pivot levels alongwith a huge amount of TMA normally on a 10 min TF.

For intraday, I know that people have adapted Savant's system of 5/6 crossover, you might want to check that out.

Regards,
Enygma.

 

[bansalvaibhav]

NHPC is also down!!!!!
open a 38 only and now trading at 37

 

[izzner]

whats with Suzlon....looked smart till 10:30 but seems the seller count is increasing faster than buyer count

 

[SavantGarde]

Hi Chait,

SATYAM & UNITECH Went Quite A Bit Yesterday Because Both Are Being Included In The MSCI Index

Happy & Safer Investing

SavantGarde

Hello,
View attachment 13034

The graph shows that there is a wide spread with high volume on a high day ending on a high, which indicates that there was buying in the stock. I am not sure if it a BUY indication but i think the stock has some momemtum:clap:

Some comments on the analysis will be appreciated

Thanks

 

[SavantGarde]

Hi CNB,

Here Is A Small Tweak On 20-EMA For Slightly Longer Term Entry,

Use 3 Day TF To Overlay The 20-EMA

Happy & Safer Investing

SavantGarde