Trading Strategies Using Technical Analysis

[rajeabc]

Nimish I don't know whether this is a penny stock.

But this stock is a strong buy. Buying on corrections too. One problem with this stock is that many times it has moved up and fallen soon. This time it may be the case too. But still dont think what might happen.

This is a strong buy as of now. Make sure volumes are good.

Tc

Raunak , Sorry to differ from your opinion . My system(stoch (8,4,3): It was over sold and stayed more than 5 trading days in over sold) say correction is not over yet .So before upward move(if anay) it may come below 21.5 level. (Pls Have a look on DMC International: Same kind of story there as well )

Also we need to think on Savant Sir ' comment.

 

[SwingKing]

I get the same feeling from he chart hence posted the question here to you guys who are experts to give your opinion too. The reason it moved so strongly is the same as other NBFC's. Many thanks. P/E is not bad either.

Well, after Savant's message, I checked the volumes on the stock. Its on the lower side. But, still lets see. Whether this is operator driven or not, I don't know. Am not an insider. I guess in the past many such stocks have zoomed up and have fallen down and some have continued to zoom up.

So let's see what happens. It's better if markets show us what will happen.

Tc

 

[SwingKing]

Raunak , Sorry to differ from your opinion . My system(stoch (8,4,3): It was over sold and stayed more than 5 trading days in over sold) say correction is not over yet .So before upward move(if anay) it may come below 21.5 level. (Pls Have a look on DMC International: Same kind of story there as well )

Also we need to think on Savant Sir ' comment.

Absolutely Rajeabc. Everyone's opinion is important.

Tc

 

[Apurv7164]

I am interested in your modded ADX, I would await for you to share it at your convenience.

Thanks

Here u go with the formula... this will show u 2 fields wherein u can customize value as per ur requirements....

_SECTION_BEGIN("ADX");
rangeADX = Param("Periods ADX", 8, 2, 200, 1 );
rangeDI = Param("Periods DI", 13, 2, 200, 1 );
Plot( ADX(rangeADX), _DEFAULT_NAME(), ParamColor( "ADX color", colorBlue ), ParamStyle("ADX style", styleThick ) );
Plot( PDI(rangeDI), "+DI", ParamColor( "+DI color", colorGreen ), ParamStyle("+DI style") );
Plot( MDI(rangeDI), "-DI", ParamColor( "-DI color", colorRed ), ParamStyle("-DI style") );
PlotGrid(25,colorBlue);
_SECTION_END();

 

[Apurv7164]

Hi all,

I have read allmost all the technical anaysis and backtested that too, but at the end i would like to say one thing.. that no technical is giving satisfactory profits... if anyone is there in this community who can challenge and getting regular profits, i would like to have chat with him.

waiting for reply....

Ravinder Singh

Ravinder,

I dont mean to be offensive or rude either. But I am not in agreement of your post.

Technical Trading is not something wherein u get all ur trades correct and as per your plan. My success to failure ratio is 1:1 but still my account is in profit because I usually maintain risk/reward ratio of 1:2 or 1:3...

TA is more of art than science... Success purely depends on individual's skills. And IMHO, faith, system/method/strategy and proper money management is key to the making ur account profitable.

Again, i dont mean to be offensive, just don't want you to lose faith... u can PM me and we can have chat sometime and I wud love to guide you or u can send me ur set of questions and I wud try to reply. You can post here also so that other senior members can also vouch for it...

Humble Request: Don't ask me for my system or setup or anything... probably i will not disclose it. However, if u have observed or read my posts, u wud have made pretty accurate guess of my style of trading...

 

[SwingKing]

Hi all,

I have read allmost all the technical anaysis and backtested that too, but at the end i would like to say one thing.. that no technical is giving satisfactory profits... if anyone is there in this community who can challenge and getting regular profits, i would like to have chat with him.

waiting for reply....

Ravinder Singh

Well, congratulations first of all for reading everything and back testing everything in Technical Analysis. You surely must be the most well read Technician in the market.

As far as your challenge is concerned, I think that is your personal opinion and it may well be right. As far as I am concerned, my balance sheet year on year contradicts what you say. Hence, I own the right to believe what I believe. Finally that is what eventually matters. Our own belief !!

Tc

 

[Apurv7164]

Is this good buy or good bye??? Check attached chart of USHAMART...

Bests,
Apurv

 

[SwingKing]

Is this good buy or good bye??? Check attached chart of USHAMART...

Bests,
Apurv

Yes you can enter at these levels too. Unless something drastic happens to market, this should do well. keep a little longer term view and enter only 20% of intended positions now. If it continues to do well, then add on to the positions.

Tc

 

[Apurv7164]

Yes you can enter at these levels too. Unless something drastic happens to market, this should do well. keep a little longer term view and enter only 20% of intended positions now. If it continues to do well, then add on to the positions.

Tc

Raunakji.... I m planning to enter into it for 4-5% swing trade... M not looking for investment at this moment... your thoughts on this?

 

[SwingKing]

Raunakji.... I m planning to enter into it for 4-5% swing trade... M not looking for investment at this moment... your thoughts on this?

Apurv,

My views were reserved only from investment point of view.

But from swing point of view, it looks kinda ok. Range expansion is being witnessed in all forms. Should do well. You would get a better risk reward from investment trade. Not from swing trade. Investment is a lot easier and more rewarding than trading. If done properly.

Tc