1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

10 best stocks to trade in using technicals

Discussion in 'Technical Analysis' started by verenmitter2001, Dec 12, 2013.

Page 2 of 3
  1. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    My Picks would be
    Tata GLobal Lupin TCS ZEEL
     
    AjithaPriyasi, Dec 19, 2013
    Share #21
  2. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    new list for this week

    1. buy lnt above 1064.20 during up leg, target 1110 sl 1030(last week pick, but now re-entry, it hit trailing sl last week)
    2. buy tata steel @cmp 417.95, target 432 sl 405(last week pick, target & sl modified)
    3. buy jub food @cmp 1289.75 target 1375 sl 1245
    4. buy bank of baroda above 656.50 in up leg, target 710, sl 630

    Sail has not yet achieved target, hoping it will touch soon.

    also Cipla can be sold below 399.50 in down leg, target 380, sl 410
     
    yankeedin, Dec 22, 2013
    Share #22
    shabbir likes this.
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    My view is uncertainty in market would be coming along and so it would be good to take a break from markets.
     
    shabbir, Dec 23, 2013
    Share #23
  4. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Nice levels....
    I request all other participants of thread to update there stocks with Cmp and levels with respect to this week.
    Regards
    Veren
     
    verenmitter2001, Dec 23, 2013
    Share #24
  5. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi Shabbir
    Any specific reason for this view???

    regards
    veren
     
    verenmitter2001, Dec 23, 2013
    Share #25
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Many.

    First the December January effect. It is the time when foreign investment bankers decide the markets they would invest into and I don't think it will be India to a great extent in 2014. So January will be a good indicator for markets.

    Technically the Nifty is not having much of a direction and there is one big big red candle and then there is a big green candle the other day clearly suggesting that people are neither long nor short.

    USD INR is again trying to break out and rupee is weakening and this could be beginning of yet another big slide I think.

    Political instability.

    So being midst of such uncertainty, it is advisable to be remaining in cash and taking a break from the market. Break means long break and not for weeks but months even.

    So I will either slowly come out of equity and may be remain in cash or in Gold if I had to.

    One more personal reason is - I will be making an in ELSS investment for saving tax in 80C of around 125k in my account as well as in my wife's account.

    So all in all I will be off loading my investments in shares in next few weeks.
     
    shabbir, Dec 23, 2013
    Share #26
    saptarshi_sachin, naveen1241 and masihpatel like this.
  7. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Yes Shabbir you may be right bur view of december January could be right but we can not ignore election in coming months.
    Markets have always formed a bottom before elections in centre( say six months before).
    You can check the previous charts of election year.
    May be this a time to consolidate and move forward.

    Yes there could be a probability I may be wrong here but have a equal probability of going right.

    Please comment.

    Regards
    Veren
     
    verenmitter2001, Dec 23, 2013
    Share #27
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Yes and technically there is no sign of weakness as well and so I would do the move of remaining in cash slowly
     
    shabbir, Dec 23, 2013
    Share #28
  9. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Very good explanation on your thoughts. May be others could share their views as well.

    Thank you

    Naveen Natarajan
     
    naveen1241, Dec 24, 2013
    Share #29
    shabbir likes this.
  10. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hello all
    First of all thanks for the overwhelming response for this thread.

    The info in this format comes really handy and easy to relate in one go.

    I would request you all update the levels and scripts for this week.
    Let's keep this thread interesting and live .

    Regards
    Veren
     
    verenmitter2001, Dec 29, 2013
    Share #30
  11. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Entered Exide industries@117 for the target of 128 with SL of 110.
     
    masihpatel, Dec 29, 2013
    Share #31
  12. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    glenmark can be bought above 519.75, with sl of 490, target 550
    ptc @ cmp(62) with sl of 58.90, target of 65-66
    exide above 118.90 with sl of 115, target of 124
     
    yankeedin, Jan 6, 2014
    Share #32
    shabbir likes this.
  13. hirenrachh

    hirenrachh Member

    Joined:
    Feb 13, 2014
    Messages:
    54
    Likes Received:
    11
    Occupation:
    Business
    Dear friends

    This thread is very interesting and very informative for new learner like me. I request all of u to continue sharing your view.

    Regards
    Hiren
     
    hirenrachh, Mar 5, 2014
    Share #33
    shabbir likes this.
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Glad you liked it Hiren.
     
    shabbir, Mar 6, 2014
    Share #34
  15. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Sadly not much activity in this thread these days.
    The hits and visit shows it to be a very prefered thread but not much participation.

    Regards
    Veren
     
    verenmitter2001, Mar 7, 2014
    Share #35
  16. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    With times that can always happen.
     
    shabbir, Mar 8, 2014
    Share #36
  17. hirenrachh

    hirenrachh Member

    Joined:
    Feb 13, 2014
    Messages:
    54
    Likes Received:
    11
    Occupation:
    Business
    Is tata chem a good buy above 80 can any body help with tgt and sl?
     
    hirenrachh, Mar 8, 2014
    Share #37
  18. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    I wont enter into Tata Chemicals now. bcos

    1. Breakout occurs at 285 levels but there is no pattern formed.

    2. Also red candle has been formed in the last trading session.

    I would wait for one or two sessions. If it moves up without any consolidation then it would be a buy.

    I have attached the chart .
    TATACHEM_Daily_08-03-2014.jpg
     
    Last edited: Mar 8, 2014
    srspriya06, Mar 8, 2014
    Share #38
    shabbir likes this.
  19. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    My picks:

    Jindal Steel- Buy-256; target-290; sl-237 //Breakout at W pattern.

    Indusind bank- Buy:443; target: 490; sl:390 //Breakout

    Havells india- Buy-813; target -840; sl:795

    punjab national bank- Buy-617; target-670 ; sl-590.
     
    srspriya06, Mar 8, 2014
    Share #39
    naveen1241 and shabbir like this.
  20. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi all
    High time the thread is updated.

    Priya please take lead and share the trade.

    I request all other member to update there trades as it will make things more exciting.

    Regards
    Veren
     
    verenmitter2001, Apr 15, 2014
    Share #40
    srspriya06 likes this.
Page 2 of 3