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Discussion in 'Technical Analysis' started by sainathreddy4, Sep 23, 2014.

  1. sainathreddy4

    sainathreddy4 New Member

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    hi shabbir,
    iam new into the trading, its just been some weeks. its been just a couple of weeks. my broker is RKSV and they do not provide any suggestions. i was holding GSFC and sold it off today. but after that now how do i search for which stocks to buy??there are so many stocks literally!!how do i select one!!obviously i cannot go through all the charts. so plz do suggest me a method to filter out stocks and find formations of chart patterns.
     
    sainathreddy4, Sep 23, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Filter for stocks that are at 52 week high or check for stocks being discussed in the forum and what I and other recommend.
     
    shabbir, Sep 24, 2014
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  3. sainathreddy4

    sainathreddy4 New Member

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    can you explain how 52week high stocks work??why should they be filtered?
     
    sainathreddy4, Sep 24, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Here is the link for 52 week high stocks. - http://www.nseindia.com/products/content/equities/equities/eq_new_high_low.htm

    Please read the eBook as to why as it is answered in the eBook. I will just give a hint as to stock doing good can do more good if they are purchased using the patterns.
     
    shabbir, Sep 25, 2014
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  5. sainathreddy4

    sainathreddy4 New Member

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    so, for example 8kmiles is at 52week high and also is in uptrend. so is it good buy??
    aslo,regarding the stop loss, how can one fix it based on how much he is ready to loose.i mean we need to give some room for the price to move up and down. so, how can we decide the stoploss??
     
    sainathreddy4, Sep 26, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Anything is not a good buy if you don't understand the target, stop loss and ROI. So if you can tell those, 8kmiles can also be a good buy. Please check the eBook which explains how to calculate stop loss and targets.
     
    shabbir, Sep 28, 2014
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