Re: Stocks To Keep A Close Eye On - Chapter II
Dear Asnavale, Gud Morn. Not always advisable 2 bother SG with small query. Hence putting 2 U. SG has given ST Triggers for 14 Stks with specific price 2 buy. Is is safe/advisable 2 buy even below price stated? Plz clarify. Fresh Target/SL already given for HCC & Maruti. Do U suggest 2 go for short for the stks mentioned under "Sell Triggered" ?..Thanks & Happy Trading..SM
Sibu Da,
SG gives the entry price which is previous day's High. The idea behind the entry price being previous day high is that, if the stock is really going to move up, it would go up to and beyond previous day's high. In case it does not make it, there is a chance, but small, that the stock may move down even after the buy trigger. Therefore, the entry can be taken next day if the price is able to move to the suggested price. It is not necessary to enter at or above the suggested price. Once that price is achieved, you can buy at even lower price. The amount of effort put by SG and the huge experience of trading those signals live with real money itself is confidence for others.
For the stocks which have achieved target and new targets are given, new entry is possible especially after a small retracement.
For the stocks which have given Sell signals, shorting was not taken into consideration. They had already given buy signals earlier and now they have either gone in the sell region or below stop loss. If you want to short, calculation of target and stop loss have to be calculated in a different way and shorting strategy will be different. As these signals are not meant for intra-day, shorting in intra-day is not to be done based on these sell triggers. I am not sure any broker allows shorting for a period of several days. Therefore, those signals are not meant for shorting.
Regards
-Anant
