Stocks To Keep A Close Eye On

[lazytrader]

Re: Stocks To Keep A Close Eye On - Chapter II

Savant,

I picked both ,because they are almost on support line.
They have got good Fundamentals.They have got good
BV of 200+ and 100+ respectively with good EPS.
The only drawback is they are not paying any dividend(?????????).

Isn't price to book ratio the one to check? Book value could be anything.

 

[talisman]

deleted...ummm...err....aah....errrr

 

[prasadam]

LT,

He is talking of PBR only.

Savant,

What is your long term look of ELDER(266.85) and KOUTONS(353.20)?

Savant,

I picked both ,because they are almost on support line.
They have got good Fundamentals.They have got good
BV of 200+ and 100+ respectively with good EPS.
The only drawback is they are not paying any dividend(?????????).

Isn't price to book ratio the one to check? Book value could be anything.

 

[aditya14]

There Will Be Times To Stay Away From BNF & While There Will Be Opportunites At Other Times For Entry.

If You Have Any Doubts Identifying The Above....Then It Is Best To Stay Away From BNF Till One Develops The Necessary Skill...This Is One Russian Roulette That Can Kill Without Even A Single Bullet.

Happy & Safer Trading

SavantGarde

What setup according to your experience works best in BNF? I mean which indicator/s will you generally look at while trading BNF.

I looked at NIFTY for starters for cues,then looked at the BNF stocks and where are they(lows,highs,volumes).Then just jumped if i saw a BB pierce or a Low/High breach on SMA.and of course i got lucky which is always nice.

any tricks up your sleave?

 

[prasadam]

Hi Aditya,

In the chart posted by you, the 11.10-11.15 bar and 1.30 bar are the ones which qualifies for BB trade. And may the one marked "3" by you.

Entry should be below the low of reversal bar.

If properly identified BB piercing will give you quick profits with minimum risk.

cheers.

@ Savant Sir,Anant Sir,

After your guidance i went short looking at BB and 20SMA with 5 min candlestick chart in BankNifty.

its pretty awesome how the 20SMA was not breached.Just attached the chart.

1) SHorted at point 1 in the chart.
2) panicked but held on at point 2 booked at 20
3) Went long looking at the oversold RSI and took a bet and got lucky.

Do you think it was a good trade.And please look at the chart setup is it good?

What setup according to your experience works best in BNF? I mean which indicator/s will you generally look at while trading BNF.

I looked at NIFTY for starters for cues,then looked at the BNF stocks and where are they(lows,highs,volumes).Then just jumped if i saw a BB pierce or a Low/High breach on SMA.and of course i got lucky which is always nice.

any tricks up your sleave?

 

[aditya14]

Hi Aditya,

In the chart posted by you, the 11.10-11.15 bar and 1.30 bar are the ones which qualifies for BB trade. And may the one marked "3" by you.

Entry should be below the low of reversal bar.

If properly identified BB piercing will give you quick profits with minimum risk.

cheers.

Thanks buddy.What other indicators do u use/suggest?

Views on BankNifty...

 

[rajeshn2007]

LT,

He is talking of PBR only.

Hello Prasad,
long time no see !

 

[enygma]

Wow my GF hogging so much headlines these days
My 2.3 cents on all these discussions are

- Avoid the thought of easy money with intraday BNF trading. Unless you are with the 9 Rs per lot broker, your broker will laugh all the way to the bank ...

- With the spread being so wide and premium/discounts fluctuating, keep an eye on the spot prices.

- With BB rules, you should be able to make 30-40 points per trade usually if you strictly follow the rules and are nimble enough.

- The normal 30 min pivot high/lows kind of trading would also work if you keep wide enough filters and can hold your nerve.

Some pointers for today

- A bearish 5/6 crossover has happened on the dailies. This is yet to be confirmed.

- Yesterday was a NR7 + Inside Bar day. This is a perfect setup for a breakdown or a breakout. Try to avoid trading as long as it is trading within 10-20 points of yesterday's range. Wait for it to come out of that range and then follow the trend.

Regards,
Enygma.

What setup according to your experience works best in BNF? I mean which indicator/s will you generally look at while trading BNF.

I looked at NIFTY for starters for cues,then looked at the BNF stocks and where are they(lows,highs,volumes).Then just jumped if i saw a BB pierce or a Low/High breach on SMA.and of course i got lucky which is always nice.

any tricks up your sleave?

 

[findvikas]

aditya... you are forcing me to think about BNF I will paper trade it for some time to get a feel of how bulls/bears act in the banking space... it was never my favorite sector to trade earlier.

 

[SavantGarde]

Typical Of Herd Mentality....Nobody Looks At The Sectors Which Has Had The Tailwind & Kept Moving Up Quietly....CNXIT Future.

Happy & Safer Trading

SavantGarde