Stocks To Keep A Close Eye On

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arti

Active Member
Hi Anant,
Which book ur referring to?Also could u plz summarize in points, the highlights of BB.
Thanks,
Arti

Bhai Murtaza,

Two points regarding TATASTEEL chart you posted.

Point#2: Even with your setting, the last bar that pierced the upper BB is a red one followed by a green one which came inside BB. But the book says: "For a Sell/Exit condition during an uptrend, the last bar which pierces the upper BB should be green and followed by a red bar coming inside BB." By this rule, TATASTEEL does not signal a Sell/Exit. Just see the same chart of yours with BB(9, 2). A similar pattern is there on 11-9-09 when a red bar pierced the upper BB followed by a green bar coming inside the BB (on 14-9-09). But the price again went up instead of falling. This also supports my view. We will know exactly what happens only on the next trading day.

Regards

-Anant
 

SavantGarde

Well-Known Member
Hi Krishna,

1 Lakh Is Not A Petty Amount, Nonetheless Prudent Thing Would Be To Wait Out Till This Upmove Is Over....There Will Be Plenty Of Opportunities.

Just That Presently If Entering Margin Of Safety Is Vastly Reduced.


Happy & Safer Investing

SavantGarde

thanks savant... i am petty invester... i invest lesst than 1 lakh...so..
i would follow what u said !

Many Thanks

Krishna
 
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