Stocks To Keep A Close Eye On

[praveen taneja]

Guys,

There Is Nothing Compelling In VEER For Me To Look At It Favourably.....I Heard The Guy From VEER On The TV Channel...Other Day...But Not Convinced...& ADAG Having Small Stake Is Not Reason Enough Yet...
Because When The Maket Corrects...This Will Come Down Like A Stone...

Happy & Safer Investing

SavantGarde

Ok bro will b out of this at cost + brokerage or watever if i can get on tuesday itself

 

[SavantGarde]

Hi PT,

Don't Have To Get Out At Cost...There is Some Tailwind So Ride It For A Few Days I Am Sure You Will Get Your Pound Of Flesh....
Sakahari...!!!!..Ok...Pound Of Cucumber

Happy & Safer Investing

SavantGarde

Ok bro will b out of this at cost + brokerage or watever if i can get on tuesday itself

 

[praveen taneja]

Hi PT,

Don't Have To Get Out At Cost...There is Some Tailwind So Ride It For A Few Days I Am Sure You Will Get Your Pound Of Flesh....
Sakahari...!!!!..Ok...Pound Of Cucumber

Happy & Safer Investing

SavantGarde

I appreciate ur sense of humour:rofl::rofl:

 

[asnavale]

COMPANY OVERVIEW:
Veer Energy was established in 2006.Its objective is to play a major role in responding to the growing problem of climate change attributed to greenhouse gas emissions. Currently, Veer Energy wind farms in operation and construction represent a substantial reduction in carbon dioxide emissions annually.

... ... ... ...

CONCLUSION:

Investors with bit of risk appetite can take position on the counter. The risk reward ratio is favorable.
So at last I can say my choice is not bad in any way:clap::clap::clap::clap:

Hi Praveen,

Veer Energy is traded only on BSE (BSE Code: 503657). Most people here track only NSE stocks. Therefore, you could not get quick response to your query.

It is a B-Group stock. Its earlier name was Jantla Investments and the name changed to Veer Energy between June 2007 and Oct 2007 either by take-over or by name change (I don't know). Upto Dec 2008, it was traded intermittently with very small volumes and only from Jan 2009 it is traded regularly. Recently the volumes have increased due to bonus and stock split. Since Sep 9th the price has fallen from a high of 26(on 9-9-09) to a low of 20 on (18-9-09), a fall of nearly 25% in 8 sessions and volume reduced from 8 million to 3 million in the same period. It appears to have a support at 18.5 and then at 16-17 range.

It may have better future, but at present, technically it is not sound.

Therefore, it is a high risk stock. Take your own decision if you want to jump in. If I am in your place I won't touch it even with a long pole.

Regards

-Anant

 

[yogesh-tiwari]

Hi Yogesh,

a) None Of My Systems In Place Here, Are Back Tested, They Are Tested In Live Market With Real Money.

b) As Suggested By You To Keep The Crossover Bar's Low As S/L Is Not A Solution To Making Real Profit....& Perhaps One Will Encounter More Whipsaw.

c) 'Slight Change' - What Kind Of Change Are We Talking About 21/51, 19/49 Or 15/45....Perhaps Not..... 20/50...Stays As Is, Because One Has To Respect Market Cycles & It's Ongoing Behaviour During Those Cycles....Any Other Combination Will Be A Different System With Its Own Parameters & Conditions.

d) Tweaks To The System Are Individual Personal Preferences & I Am Certainly Not Holding A Gun To Anybody's Head.

Now Coming Back To Back Testing....I Have Been Posting The Triggers In This Thread, Eventually Had To Shift To Chapter-II, For Many Years For Live Real Investing, My Suggestion Go Through All The Triggers Posted So Far & Let Us Know How Poorly Or Well It May Have Performed So Far.

While You May Have Just Come Across This Recently & Fired Up To Change Things & Make It Better....For Me Personally, This Is Done & Over With.....& Have To Get On With Life & To Try, Find Solutions For Even Bigger Problems.

Since I Don't Use AB Or MS, I Have No Programming Skills...None Whatsoever Therefore, I Know Nothing About AFLs....But Doc, DJSinha & Others Have Developed Some AFLs For This 20/50 & They Are Posted Somewhere, I Am Sure Doc Will Point You To It.

Happy & Safer Investing

SavantGarde

Hi Savant,

First thing first....Chill .... I am not here to change your system. I really liked it and I see it gives results too.

While my point(rather question) was...how correct I was in my observation?...

As I said...If we buy above high of the candle (the day when actual crossover occurs), keeping a SL of low of the same candle, and rest as is...

I sought if anybody else agrees with it or not. Thats it..

Anyways, I hope your answer is NO. So be it..I take it just as you have designed it with no more tweaks :thumb:

 

[sibumajumdar]

Mr SG,

Somebody told me 2 keep a watch on Karutu (KGL) with an eye 2 buy for long time. I wish 2 have your view before proceeding. Plz note iam a keen follwer of your Ch-II trigggers & already invested in 35 scripts with small amt of each 2 see the progress. A small query plz. Shall i put SL order daily in the morning & sell them only when they touch TARGET? Your early clarification will be highly appreciated. Earlier i never knew in which script to put buy order. Now For the last 1 week iam closing my eyes & putting buy order for BuysTriggger script. Am i doing the right thing? Maruti appreciated to large extent & some others also. Plz note Iam trading for long time but ANARI. Therefore, Lost lot of money. But my firm belief your path will bring me a winning track. Thanks...SM

 

[asnavale]

Dear Anant,

For your perusal -- EOD for TISCO.

Bhai Murtaza,

Two points regarding TATASTEEL chart you posted.

Point #1: You have used BB(9, 2) where the last candle is inside the BB and the previous candle has pierced the upper BB. I used BB(20, 2) where the last candle is still piercing the upper BB. Here I would like to quote what Prasad had suggested:

Hi Anant,

Since the MA used is 20MA, consider using 20,2 settings for BB and when BB piercing happens, consider partial / total exit and re-enter when price approaches 20 MA.

Point#2: Even with your setting, the last bar that pierced the upper BB is a red one followed by a green one which came inside BB. But the book says: "For a Sell/Exit condition during an uptrend, the last bar which pierces the upper BB should be green and followed by a red bar coming inside BB." By this rule, TATASTEEL does not signal a Sell/Exit. Just see the same chart of yours with BB(9, 2). A similar pattern is there on 11-9-09 when a red bar pierced the upper BB followed by a green bar coming inside the BB (on 14-9-09). But the price again went up instead of falling. This also supports my view. We will know exactly what happens only on the next trading day.

For ready reference I have attached both charts of TATASTEEL, the upper chart with BB(20, 2) and the lower chart with BB(9, 2).

Your views please.

Regards

-Anant

 

[asnavale]

Just adding my 2 cents to the discussion on BBs -

In positional trades, BBs might give a temporary sell indication but the same stock might never give a buy indication after because it never touches the lower BB but consolidates for a few days and runs up. This is very typical in trending markets. Only in range bound markets, will we get the "clean BB trades".

As prasad correctly points out, look at your favourite list of stocks and how they have behaved in various types of markets. At a more practical level, look at IFCI charts with BB (9,2). On 12/8, it touch the lower BB. After it has pierced the upper BB multiple times - I could see atleast 8 times - but never come down to the lower BB. Someone just following BB would have sold out at on 19/8 at around 52 but never got the chance to get back into the upmove that has now taken it to 58 or so. Using of BBs only as an indicator is perhaps best only for short duration - 3 to 4 days kind of trade.

Also if you are designing a system around BBs, go and crosscheck that on EOD charts of last year. There would multiple instances of whipsaws - because pierced lower BB and bounced once and gave a buy trigger but then continued the downtrend.

I use BBs on Nifty intraday and they are more effective because you are constantly eyeballing the chart and changing your decisions accordingly. Positional trades on EOD charts should be more relaxing - right now I am loving the triggers that Anant's AFL gives. On EOD charts, i use BBs only for partial profit booking.

Regards,
Enygma.

Hi Enygma,

Your observation in case of IFCI is right but to some extent. The lower BB piercing by a red candle on 12-8-09 followed by a green candle coming inside BB on 13-8-09 is a Buy signal. After that though it has pierced upper BB nine times none is a Sell/Exit signal. Therefore, exiting on 19th is not there at all. Therefore, no question of entry later. The entry on the basis of signal on 13th August still holds and is not reversed yet. All the nine upper BB piercings are by a red candle. For exiting, the upper BB should be pierced by Green and the next one should be Red and coming inside BB.

-Anant

 

[hardikvithlani]

Dear All,

Someone has told me that i have to download EOD of Indian Stocks and upload it to AmiBroker. Can anyone share the Latest EOD of including(Last 6-7 Months) so i can upload it.

Because i got very confused when i got the data from other sources like Yahoo, BSE BhavCopy etc... Because in these way, i have to upload the all the tickers one by one EOD file. I'll be very helpful to you if anybody can help to get out.

Or anyone can guide how to upload all EOD data @ one attempt.

Regards,
Hardik

 

[asnavale]

Dear All,

Someone has told me that i have to download EOD of Indian Stocks and upload it to AmiBroker. Can anyone share the Latest EOD of including(Last 6-7 Months) so i can upload it.

Because i got very confused when i got the data from other sources like Yahoo, BSE BhavCopy etc... Because in these way, i have to upload the all the tickers one by one EOD file. I'll be very helpful to you if anybody can help to get out.

Or anyone can guide how to upload all EOD data @ one attempt.

Regards,
Hardik

Hi Hardik,

Try on rapidshare or mediafire. Both have EOD archives of BSE and NSE. Additionally, one of the members here is giving a link to historical EOD in his signature. Or, you can look in the thread on FiboTrader by Soumya.

-Anant