Trade SMART

[SMART_Trader]

Breakouts 20/11/2007

Here is the Watch list for 21/11/2007

 

[SMART_Trader]

No breakouts today
As usual here is the Watch list for tomorrow

 

[SMART_Trader]

Breakouts 22/11/2007

Here is the watch list for 23/11/2007

 

[SMART_Trader]

Here is the Relative performance of Watch list over the last 6 trading days.
Nifty fell around 7 %. Keep a watch on the ones showing strength.They are likely to shoot up on market bounce.

 

[SMART_Trader]

Breakouts 23/11/2007

Watch List for 26/11/2007 is here

 

[SMART_Trader]

Breakouts 26/11/2007

Watch List for 27/11/2007 is here

 

[SMART_Trader]

Breakouts 27/11/2007

Watch List for 28/11/2007 is here

 

[Reji]

The trick is to enter these stocks on a 4% plus breakout after a consolidation. if the entry is successful, we can catch the start of a new uptrend.So we are looking for yearly growth of 100% plus , 10 to 20 day weakness or consolidation, and a 4% plus high volume breakout.


Dear SMART Trader,

Your analysis seems to be superb! In tomorrow's watch list, you include BANKINDIA. On what price should one enter this scrip? Is it @360 ? (347x1.04) or just above 347?

Awaiting your response

Regards

Reji

 

[SMART_Trader]

Dear Reji
Nothing special about 4% . the idea is to enter a significant single day up move. This is to ensure that there is still steam left even after making a 100%+ move. Probability of a reversal in such scrips are less. Trade the concept and remember trading is purely a probability game.

Personally I won't prefer Bank of India for swing trading. Look What happened after recent breakouts.

 

[oilman5]

so now u see ...even in -market...it moves already 20%,another 75%expected within 3month