Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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- Tags afl amibroker
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Re: Arevat&d
Hi Tarun,
On 15-09-09 AREVAT&D pierced upper BB with Green candle, on 16-09-09 again pierced upper BB, but with Red candle. On 17-09-09 it is inside BB with red candle again. So, the last candle of 17-09-09 will not qualify as GIMME Bar. Therefore it is not a signal of price moving down. The last candle/bar that pierces the upper BB in an uptrend should be Green (or white as you call it) and the next one should be inside the BB and of opposite color. This is not the case with AREVAT&D. Therefore, you can not infer that price would come down.
Savant, I think I am right in the interpretation of BB piercing (I am learning you know).
Regards
-Anant
Hi Tarun,
On 15-09-09 AREVAT&D pierced upper BB with Green candle, on 16-09-09 again pierced upper BB, but with Red candle. On 17-09-09 it is inside BB with red candle again. So, the last candle of 17-09-09 will not qualify as GIMME Bar. Therefore it is not a signal of price moving down. The last candle/bar that pierces the upper BB in an uptrend should be Green (or white as you call it) and the next one should be inside the BB and of opposite color. This is not the case with AREVAT&D. Therefore, you can not infer that price would come down.
Savant, I think I am right in the interpretation of BB piercing (I am learning you know).
Regards
-Anant
Based on BB and today's close, TISCO has become a Sell candidate.
Please do correct me if I am wrong ....
Please do correct me if I am wrong ....
Today's High for TATASTEEL is 533.80 which is much above the BB top. So it is still piercing the BB and not inside BB. Unless it comes inside BB you can not decide it as Sell candidate.
Regards
-Anant
Manjeet,
In one of the post Kenneth had explained Savant Ji's system..That was something like this..
"There are atleast 3 kinds of initial buy triggers
- SMA 5 crosses over SMA6
- SMA 20 crosses over SMA 50
- Price closes above EMA20
Adds to initial positions happens
- After a retrenchement, trend has turned back to uptrend
- Price breakouts a two month high
Given below is one of savant's post in this thread. For 5-6 crossover position is taken when the price crosses high of the previous day
"For Swing Trading I Would Recommend The Following Few, You May Adopt Whichever You Are Comfortable With:
a) If The Whole Candle Including The Wick Closes Above 20 EMA For Long & S/L Should Be If 70% Of The Candle Body Is Below The 20 EMA.
b) Second Strategy Is To Go Long 20/50 SMA Crossover, Where 20 MA Has Crossed Over To The Upside Of The 50 SMA
c) Third Strategy Is Go Long On 5/6 SMA Crossover
d) If Following Candlestick Pattern Then You Will Be Familiar With Bullish Engulf & Bearish Engulf Patterns.
e) Another One Is Based On BB If The Lower BB Is Pierced Followed By A Green Candle Immediately....For Long & If Upper BB Is Pierced Immediately Followed By A Red Candle To Go Short."
Your question about 2nd strategy and Savant ji's subsequent answer refers to his new triggers posted in Chapter-2 where targets and SL have been given. What he meant by 20k is, you can choose your quantity of shares based on your capital and risk appetite.. 20K..is the assumed capital alloted for each script in the portfolio and thats why you will find some shares with quantity like 1/5/65 etc so that you always have some cash remain idle in the portfolio that can be later used to add to your portfolio or average depending upon the situation...
Thats what I think..Savant Ji, correct me if I am wrong...
Hope that helps...
Thanks...
In one of the post Kenneth had explained Savant Ji's system..That was something like this..
"There are atleast 3 kinds of initial buy triggers
- SMA 5 crosses over SMA6
- SMA 20 crosses over SMA 50
- Price closes above EMA20
Adds to initial positions happens
- After a retrenchement, trend has turned back to uptrend
- Price breakouts a two month high
Given below is one of savant's post in this thread. For 5-6 crossover position is taken when the price crosses high of the previous day
"For Swing Trading I Would Recommend The Following Few, You May Adopt Whichever You Are Comfortable With:
a) If The Whole Candle Including The Wick Closes Above 20 EMA For Long & S/L Should Be If 70% Of The Candle Body Is Below The 20 EMA.
b) Second Strategy Is To Go Long 20/50 SMA Crossover, Where 20 MA Has Crossed Over To The Upside Of The 50 SMA
c) Third Strategy Is Go Long On 5/6 SMA Crossover
d) If Following Candlestick Pattern Then You Will Be Familiar With Bullish Engulf & Bearish Engulf Patterns.
e) Another One Is Based On BB If The Lower BB Is Pierced Followed By A Green Candle Immediately....For Long & If Upper BB Is Pierced Immediately Followed By A Red Candle To Go Short."
Your question about 2nd strategy and Savant ji's subsequent answer refers to his new triggers posted in Chapter-2 where targets and SL have been given. What he meant by 20k is, you can choose your quantity of shares based on your capital and risk appetite.. 20K..is the assumed capital alloted for each script in the portfolio and thats why you will find some shares with quantity like 1/5/65 etc so that you always have some cash remain idle in the portfolio that can be later used to add to your portfolio or average depending upon the situation...
Thats what I think..Savant Ji, correct me if I am wrong...
Hope that helps...
Thanks...
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