Stocks To Keep A Close Eye On

[bunny]

Hi mail2pjoshi,
I just went through Assam Co (500024) chart. I think an upwards breakout could be possible within next 2 sessions.

I have a question for you: Why do you trade in B group scrips? I do not even touch scrips other than group A because they have circuit filters. Also low-priced stocks are soft targets of manipulators.

 

[mail2pjoshi]

Hi Bunny,

Well I personally don't trade in B group (admittedly I did and burned my hands in the past) . This was a reply to an earlier question (see the post above mine).

PS: On what basis do you think there could be upwards breakout? I am curious.

Best,

-- Doc J

 

[bunny]

if suzlon is giving bearish signal with narrowing (bb band) and a tight range crossover i think same is the case with assamco its price is also going to come down bearish crossover visible on macd am i rght??

sashsaha0

Hi Saha,
If you observe the closing prices of SUZLON ENERGY (532667), it is breaking out of flag as well as symmetrical triangle breakout. So I think it could still go higher.

 

[bunny]

Hi Bunny,

PS: On what basis do you think there could be upwards breakout? I am curious.

Best,

-- Doc J

Hi Doc J,
Plz see the attached chart and pink-marked flag. It has already touched the support-line as well as the resistance-line twice each. So its recent moves towards the resistance-lines could be an indication of upward breakout. But it would be shrewd to wait for the price to close above the R line.

RSI(14) indicates that the stock has scope for upwards movement.

 

[MurAtt]

Well if someone see the post with some sharp eye we see that the chart attached is ABG Shipyard and talks are on of Suzlon and Assamco ---

Its like PTbhai taking a RCap long @ 911 with SL RIL 1975 or NF 4242

 

[SavantGarde]

Hi Bunny,

SasaSaha's Story Is Very Different Both Assamco & Gujrat Siddhee Is What I Had Recommended To Him To Buy....For A Good Reason.

Let SasaSaha Tell You The Whole Story....

Happy & Safer Investing

SavantGarde

Hi mail2pjoshi,
I just went through Assam Co (500024) chart. I think an upwards breakout could be possible within next 2 sessions.

I have a question for you: Why do you trade in B group scrips? I do not even touch scrips other than group A because they have circuit filters. Also low-priced stocks are soft targets of manipulators.

 

[bunny]

@Savant Sir,
k, cool
btw, I had HDIL in my 18 picks for today! Skyrocketed by 11+ %

 

[mail2pjoshi]

Hi Murtaza Bhai,

I too noted the discrepancy Had already mentioned that in my reply to sashsaha0

Thanks for the keen observation.

PS: Sash has already corrected it and explained the reason. Lets just move on

Cheers!

-- Doc J

 

[mail2pjoshi]

Hi Doc J,
Plz see the attached chart and pink-marked flag. It has already touched the support-line as well as the resistance-line twice each. So its recent moves towards the resistance-lines could be an indication of upward breakout. But it would be shrewd to wait for the price to close above the R line.

RSI(14) indicates that the stock has scope for upwards movement.

Hi Bunny,

You are right, and the distance between SMA20 and SMA50 confirms this. Sorry for the confusion earlier as what I said was based on the Shipyard chart that sashsaha most probably attached by mistake.

Oh on this note, I think for short term equity movement, SMAs should be taken for shorter duration (e.g. SMA5, SMA 6). What do you think?

Best,

-- Doc J

 

[bunny]

Hi Bunny,

You are right, and the distance between SMA20 and SMA50 confirms this. Sorry for the confusion earlier as what I said was based on the Shipyard chart that sashsaha most probably attached by mistake.

Oh on this note, I think for short term equity movement, SMAs should be taken for shorter duration (e.g. SMA5, SMA 6). What do you think?

Best,

-- Doc J

My flow of analyzing charts is:

1. Confirm that EMA 20 > EMA 50
2. Looks for patterns on line charts of closing prices.
3. Look for special candle patterns.
4. If (2) and (3) do not work out, then have a look at ADX(14 or 20 days) and RSI(14 days). If the stock in oversold or near-oversold, look if ADX>20.
5. If there looks anything profitable, targets are calculated.

You can see my picks for picks for today.
I do not rely much upon MAs because they are lagging indicators.

BTW: I had told Savant Sir sometime back that I was writing a software to track picks. The software is half-done. The above pick list is a part of that software. Will release it when done.