Trading Strategies Using Technical Analysis

[JackPotter]

Itsmemad,

I would personally not be in Bhel as of now. Let more days pass, then I would review it again.

If you are looking to be in the same Industry (Engineering - Heavy), then I would recommend something like a TIL to you. With a stop of 660, you can be long in it. Its currently at 698, so you can wait for it to correct a bit or you can invest some right away. That's completely your call.

One more stock which is reasonably fine in this same Industry is Windsor Machines. It is low on volumes hence be careful with it. With a stop of 82, once can be long.

In the end, there is no stock which you can invest and forget for 2-3 years, hence if you invest in any of these, keep me posted. We will review them again and again. Even if we take some loss, we will recover everything.

Tc

Okay, I waited for TIL to make some correction. It has bounced back from today's low of 675 to 687. Do you think I may go ahead with the first lot today? With a stop-loss of 660.

 

[mangup]

Thanks Gangadharan for ur advice. I would like to learn, practice & apply strategies suggested by Raunak & Other members.

Are there any other strategies (I would say tricks) which work like magic (I may be joking) but are technically proven & having good R/R ratio and worth adopting them?

Thanks n Regards.

mangup

 

[gangadharan]

Hello Raunak Sir,

Can you please advice about the fundamentals of DISHTV I am attracted by its chart and thinking of entering at 70 plus levels... Please give your advice..

Thank you,
Gangadharan

 

[SwingKing]

Okay, I waited for TIL to make some correction. It has bounced back from today's low of 675 to 687. Do you think I may go ahead with the first lot today? With a stop-loss of 660.

Itsmemad,

Have looked at TIL's volumes? Just looked at it now.

Its 3233 shares traded today. Stay away from low volume counters in this market. Since volatility is high, Nifty is the best instrument to be in. It will move for sure and it gives you diversification of 50 stocks.

Tc

 

[SwingKing]

Hello Raunak Sir,

Can you please advice about the fundamentals of DISHTV I am attracted by its chart and thinking of entering at 70 plus levels... Please give your advice..

Thank you,
Gangadharan

Its a good stock.

I hold it in my portfolio.

Tc

 

[gangadharan]

Its a good stock.

I hold it in my portfolio.

Tc

Raunak Sir,

I have entered it on EQ. at 70.25*4000

Thanks a lot for the advice.

Gangadharan

 

[jagankris]

Yes Jagan,

You are right. Let us hope Nifty will find support at 5750 again. I doubt that a strong distribution is taking place.

Take Care.
Gangadharan
TREND IS YOUR FRIEND TILL IT SHOWS A BEND..... BUT THOSE WHO WORRIED ABOUT THE BEND WILL NEVER EARN TILL THE END

Gangaji,

Can you pls share the means by which you analyze the distribution / accumulation patterns ?

TIA.

Best Regards,
JK

 

[rsingh2005]

Dear Raunak Bro,
Apart from risk, liquidity & lot sizes, is there any other inherent factor you consider either to buy in Equity or Future.
Rgds

 

[SwingKing]

Dear Raunak Bro,
Apart from risk, liquidity & lot sizes, is there any other inherent factor you consider either to buy in Equity or Future.
Rgds

Rajesh,

Apart from Fundamental and Technical Factors, something I rely a lot on is Intuition. I think in this thread I have written a post regarding this, just try and find it.

Else, I'll do it on the weekend.

Tc

 

[JackPotter]

Itsmemad,

Have looked at TIL's volumes? Just looked at it now.

Its 3233 shares traded today. Stay away from low volume counters in this market. Since volatility is high, Nifty is the best instrument to be in. It will move for sure and it gives you diversification of 50 stocks.

Tc

Thank you. Less volume means stay away. I thought otherwise. Can anyone point me to good threads on Nifty trading?