Stocks To Keep A Close Eye On

[djsan007]

Any expert other than Savant there in this blog?
Pls reply i bought Suzlon at 132.
Shall i hold til month end or i have 2 exist now itself in cpl of days.
And wat shud b exit level..

Thanx in advance....

 

[mail2pjoshi]

Hi,

I think exiting Suzlon right now would be a hasty move with the budget right across the corner. I am quite sure that post budget you can have an exit with a small (to possibly large) profit. I personally am holding 1100 shares of Suzlon at an average price of 133.

Best,

-- J

 

[sanyad74]

Any expert other than Savant there in this blog?
Pls reply i bought Suzlon at 132.
Shall i hold til month end or i have 2 exist now itself in cpl of days.
And wat shud b exit level..

Thanx in advance....

Suzlon is the stock you can not predict. it is flawless counter. This counter is for day trading only..

You never know where it will go in next week. So stay cool and watch. If BP increases then come out with your loss is the best strategy.

If this starts dragging below Rs 100. then it will move down side like how it went up.

Happy and safe investing

 

[arti]

Hi Anant,
thats the thing,I am not able to decide a strategy for downtrend.I mean do u know the strategy, commonly used to decide whether particular stock is in uptrend or downtrend? I want to write a function which will look into the prices of a particular stock for (say 2-3 weeks) and will decide if its up or down trend.Is it possible?

Thanks,
Arti

Hi Arti,

To write the AFL you have to define your condition based on which you want to say whether the stock is in uptrend or downtrend. If you define your strategy I will show you how to write the AFL.

-Anant

 

[asnavale]

Hi Anant,
thats the thing,I am not able to decide a strategy for downtrend.I mean do u know the strategy, commonly used to decide whether particular stock is in uptrend or downtrend? I want to write a function which will look into the prices of a particular stock for (say 2-3 weeks) and will decide if its up or down trend.Is it possible?

Thanks,
Arti

Hi Arti,

One way to decide the trend is to see whether the stock is making higher highs and higher lows (if it is in uptrend) or lower lows and lower highs (if it is in Down trend). Therefore, if you look for these conditions you will get an indication about the trend. As you want to write the code yourself, I will just give a clue: There are built-in functions in Ami Broker which will pick the highest or lowest high and highest or lowest low values. Just go through the Ami Broker help file and you will get the function names and how to use them. If you find any difficulty please post here.

Regards

-Anant

 

[arti]

Hi Arti,

One way to decide the trend is to see whether the stock is making higher highs and higher lows (if it is in uptrend) or lower lows and lower highs (if it is in Down trend). Therefore, if you look for these conditions you will get an indication about the trend. As you want to write the code yourself, I will just give a clue: There are built-in functions in Ami Broker which will pick the highest or lowest high and highest or lowest low values. Just go through the Ami Broker help file and you will get the function names and how to use them. If you find any difficulty please post here.

Regards

-Anant

Hi Anant,
Logic i am trying to implement is:- Apply for loop from current date,till say last 20 days.Will compare high of currentdate and previous date for lower high.If in these 20 days i find max no of lower highs,its a down trend.Is it ok?
Also i dont think its the correct thread to discuss about afl.U tell me the thread in amibroker which u follow regularly,I will post my queries der.

Thanks,
Arti

 

[SavantGarde]

Hi Guys,

I Have Just Returned Half An Hour Back, Give A Me A Litle Time To Get Back With Replies.

My Apologies For Returning Back Late, Will Spare You Guys With Details, But It Was One Of Those Things Beyond My Control.

Happy & Safer Investing

SavantGarde

 

[djsinha]

Some points regarding Suzlon:
1. the candlestick pattern on 19th is bullish harami.
2. 20 day moving average above 50 day moving average.
3. Close on 19th above 20 day moving average though on 18th it went below 20 DMA.
4. On 18th and 19th, the LOW touched the lower bollinger band.
5. In the weekly chart, 5 week MA abv 6 week MA abv 20 week MA. Price took support from 6 week MA.

In views of the above, I think you should hold SUZLON. Taking into view that the markets as whole is in correction now, I don't think you will be able to book profit in this. But definitely, you'll get better price to exit in the coming days.

However, Savant would be in better position to say. And now that he has returned, wait for his suggestions.

Regards
DJ

Any expert other than Savant there in this blog?
Pls reply i bought Suzlon at 132.
Shall i hold til month end or i have 2 exist now itself in cpl of days.
And wat shud b exit level..

Thanx in advance....

 

[SavantGarde]

Guys,

Wont Be Online For A Couple Of Hours, Just My Attempt To Disassemble My Old Workhorse (Laptop) Where All My Calculations For Updates Are To See If I Can Revive It....Just Bear With Me Trying To See If i Can Update For Tomorrow....

Happy & Safer Investing

SavantGarde

 

[djsan007]

Some points regarding Suzlon:
1. the candlestick pattern on 19th is bullish harami.
2. 20 day moving average above 50 day moving average.
3. Close on 19th above 20 day moving average though on 18th it went below 20 DMA.
4. On 18th and 19th, the LOW touched the lower bollinger band.
5. In the weekly chart, 5 week MA abv 6 week MA abv 20 week MA. Price took support from 6 week MA.

In views of the above, I think you should hold SUZLON. Taking into view that the markets as whole is in correction now, I don't think you will be able to book profit in this. But definitely, you'll get better price to exit in the coming days.

However, Savant would be in better position to say. And now that he has returned, wait for his suggestions.

Regards
DJ

Savant sir waiting for ur suggestion...