Stocks To Keep A Close Eye On

[SavantGarde]

Hi Raju,

You Have Done Well So Far...You Have Certain Amount Of Discipline About Your Buying & Selling....Which Are All Good Signs Towards Your Ultimate Objective.

I Am Glad You Also Realise That You Would Do Better If You Were Involved Full Time & Encouraging To See You Are Not Afraid Of Picking Up Big Ticket Scrips.

As Regards SESAGOA It May Have Some Resistance @ 4500 Region, But No Need To Worry....Just Indicating What May Happen & Moreover Hold It Don't Exit @ 4900 Yet.....Since Your Entry Is Almost Rs.900 Lower Than Its CMP.

While, I Just Happen To Be Another Trader...Can Only Guide...You Are Most Welcome To Observe Why & How I Trade.

Futures Trading Is Very Exciting But Very Very Demanding & I Would Suggest You Only Get Into It When You Are Able To Devote Full Time To It.

In The Meantime, Will See How I Can Help You In Futures Trading While You Maintain Your Regular Job.

You Are On The Right Path.....You Are Getting More Confident Taking Position.

Thank You For Expressing Your Confidence

Happy & Safe Trading

SavantGarde

Hello SavantGarde,

I am a regularly following your thread. Highly appreciating work!!!!

I feel like taking position in various scrips.
Due to other job ,only in morning , I observe market for one hr.And after job spend atleast 3-4 four hours reading, analyzing, learning..

I am trading for almost 1.5 yrs now, but for the last four months only I am able to make some bucks in following scrip..

CairnB@232-S@251,B@265-S@280,[email protected]@295/300.Still holding some .Have plans to sell @310-320.

Bought SESAGOA@3455-Holding it for 3-4 months..Target is 4900... (Further 3 mnths target).

To be frank only this much is the consistent profits of mine in last 4 months...I deal in Cash. I request advice for Futures. Looking at your thread I always feel encouraged for jumping in Futures with your recommendation. I have no knowledge of Futures.

Due to financial obligation/condition, have to compulsory stick with job for sure shot monthly income. But I am highly interested in Trading and want to switch to Full Time trading AS SOON AS POSSIBLE .But to get to that level I have to manage both (Job and trading) till I am able to get good hold in trading.

I try to stick with stocks for Ascending Triangle, Weekly-Monthly up Trends stocks and then enter it.

Kindly show me the path for futures. Initially I had planned to buy 1 lot and take risk in CAIRN futures could have made good money in it. But didnt dare in futures.

Kindly guide how to get startedVery much required for me at this stage.

Do you have any plans to personally teach/guide in Mumbai? I would be very much interested .I am from Pune and would be able to attend anytime.

Sorry for such a lengthy write-up. Kindly guide

Thanking You,
Raju

 

[anjubhatia]

Thanks savant fr ur kind suggestion

 

[Raju]

Hello SavantGarde,

Your words encourage me a lot .In my intial days of trading I used to do lot of Day-Trading..but lost many times.After which I started reading TA and one of my old friend Jai Sherwarni who happens to be from our same forum had suggested me to pratice TA along with reading.So I started few months back.Have a long way to go ..With guidance from You and all our seniors we new people could perform in the long run..This forum is a real GEM...

Thanks for your fresh Spirit ,You supply each day ,Thanks for guidance ,Along the way.

Raju

 

[nagendra_gb]

Hi Savant,

What is the target u r looking on IVRCL, on my charts it is displaying support at 434 area, is it the best place to keep SL tomorrow ? please let me know. I have futures position.

Thanks,
Nagendra

 

[SavantGarde]

Hi Nagendra,

Should Be Able To See 448-452 Tomorrow

Your Support Level Is Ok....If You Keep S/L Then Don't Keep Round Figure As S/L

Happy & Safe Trading

SavantGarde

Hi Savant,

What is the target u r looking on IVRCL, on my charts it is displaying support at 434 area, is it the best place to keep SL tomorrow ? please let me know. I have futures position.

Thanks,
Nagendra

 

[shrineha]

Hi Nagendra,

Should Be Able To See 448-452 Tomorrow

Your Support Level Is Ok....If You Keep S/L Then Don't Keep Round Figure As S/L

Happy & Safe Trading

SavantGarde

Hello Savant,

should we avoid Round figure as SL in all teh cases or this is a statement specific to thsi case. Also any special reason aprtfrom toomay people doing teh same? just curious. thanks as ususal for your help.

kind regards,
Shrineha

 

[optionstrader]

Hi Savant,

Since U.S. Market seems to be high, i guess i will miss your calls on
Educomp, Suzlon and Zeel.

But in case RPL goes up, then can i short it ?

Or can i get a chance to buy any of the three mentioned above,
if they come down a bit, as you guided ?

Kindly guide me for these stocks, or i will wait for your new calls,
during the market hours tomorrow.

Awaiting your response,

Thanks & Regards,
Optionstrader

 

[SavantGarde]

Hi Optionstrader,

EDUCOMP May Still Be OK, But If You Want Something For Intraday Then I Will Post Something Before Noon Tomorrow...Just Check The Posts Here.

As Far As Shorting Is Concerned Don't Short RPL, RCOM Has Moved A Lot In The Last Two Trading Sessions, It Especially Had Gap Up On Friday... Let's See If Tomorrow It Goes Up....Then I Will Probably Short It Tomorrow or Sometime On Tuesday.

Hi Shrineha,

How Many Times Have We Heard Traders Complain That Soon After Their S/L Got Triggered Stock Moved Higher....
Normally, I Hold More Than One Lot Of Any Stock Future That I Have Position In..& If I Have Sold Some While Holding Some Back...& I Want To Buy Back What I Have Sold...Then What I Do, Is From My Existing Holding I Keep Some At A Lower S/L Than The Ones That I Want To Buy Back Which I Had Sold Earlier....And Keep A Watchful Eye On The Movement....The Moment It Is Closing Towards My S/L Trigger...I Buy Back All Or Some Of What I Had Sold.
To Illustrate An Example:
Let's Say I Have 2 Lots Of IVRCL Future @ 438.00
I Have Sold One Say @ 448 & I Want To Buy It Back Say @ 442
So I Keep 1 Lot With A S/L Of 439 & The Moment I See The Price Come Down To 442 Or Thereabuts...I Buy It At Market Price & Delete My S/L Trade Of 439

Round Figures Are Much Easier For S/L To Trigger & Lot Of Very Big Wigs Have Software Where They Can See The S/L... I Do Not Know What The Software Is Apart From Being Just Aware Of Its Existence.

Happy & Safe Tarding

SavantGarde

 

[optionstrader]

Hi Savant,

Thanks for you reply.

Savant, i do not trade intraday, as its very risky.

Kindly guide for the calls like BTST and the ones that i can hold
2-3days only or maximum for a week.

Kindly also guide, that when i purchase the stocks on delivery,
on my own cash, then also should i keep stop loss ?

Can i still purchase, educomp, suzlon or zeel at cmp ?

Awaiting your response,

Thanks & Regards,
Optionstrder

 

[shrineha]

Thanks Savant for your reply and insight on your trading method.