Stocks To Keep A Close Eye On

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chaitanyagoa

Well-Known Member
Congrats Savantjiii.......

The most deserved person gets the Post........ Some news!:clap:

Is there a position above that??????

Thanks
 
Good Evening Savant Ji,

I had gone thru the triggers for 17.07.2009. This is the first time I have gone thru ur triggers. I wud like to ask u one question. Why do u suggest the buying price of the stock at quite a high price than the CMP? Well this might be a normal question for you but I m new for trading so wud like to know why do u keep that margin as that can also be profited if one buys a share relatively close to CMP. For eg. u suggested to buy HindZinc @ 647 whereas the CMP was 614.55.
Please Guide.

Thanks n Regards,

SUMEET
 

SavantGarde

Well-Known Member
Hi Sumeet,

Buy @ Price Is Normally The Days High.

a) Chances Of An Uptrending Stock Moving Higher Is Better When It Crosses The Previous Day's High.

b) Considering It Is For Short Term Investors, There Is No Problem For An Intraday Trader To Get In At Lower Level, Looking At The Overall Market Movement.


Happy & Safer Investing

SavantGarde

Good Evening Savant Ji,

I had gone thru the triggers for 17.07.2009. This is the first time I have gone thru ur triggers. I wud like to ask u one question. Why do u suggest the buying price of the stock at quite a high price than the CMP? Well this might be a normal question for you but I m new for trading so wud like to know why do u keep that margin as that can also be profited if one buys a share relatively close to CMP. For eg. u suggested to buy HindZinc @ 647 whereas the CMP was 614.55.
Please Guide.

Thanks n Regards,

SUMEET
 
Dear Savant Ji,

Please accept my wishes for being promoted to the post of moderator.

I am trying to put technical analysis tools for share trading (till now I have been buying/selling shares on intuition. Profit some times, losses most of the times). Hope you can help me in using these tools.

I intend to purchase shares of suzlon. For this I have collected following data -

5 day SMA (90.49) > 8 day SMA ( 88.66) indicates 'buy' for short term
20 day SMA (100.90) < 50 day SMA (102.20) probably indicates 'sell' for long term
Bollinger bands - Suzlon share price line has touched lower level of band and is moving in upward direction probably indicating 'buy'.

I intend to buy suzlon but 20 day SMA is less than 50 day SMA.

Kindly guide me whether I have interpreted these tools correctly or not . Also do I need to use further tools.

Files containg Charts of above data are also attached.

Your reply can help me a lot.


Regards,

Jitender Garg
 

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asnavale

Well-Known Member
IT IS A RED LETTER DAY
C O N G R A T U L A T I O N S
YOU DESRVED IT AND GOT IT

Looking forward to great success in a more responsible position

Wish you all the best and more rewards like this

-ANANT
 
Thanks Savant Ji for sharing that info. Never thought on those grounds ever before.

But it raises one last question. Dont mind but please answer whenever u get time.
What if the share does not reach that buy price (suggested in ur trigger) on that day? shud v buy it some other day at that price or that trigger is only for the said day? Can I buy the triggers suggested for 17.07.2009 on 20.09.2009 or shud i strictly follow the triggers for 20.07.2009?
Please Guide.

Thanks and High Regards,

SUMEET

Hi Sumeet,

Buy @ Price Is Normally The Days High.

a) Chances Of An Uptrending Stock Moving Higher Is Better When It Crosses The Previous Day's High.

b) Considering It Is For Short Term Investors, There Is No Problem For An Intraday Trader To Get In At Lower Level, Looking At The Overall Market Movement.


Happy & Safer Investing

SavantGarde
 
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