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Stock for Swing Trading

Discussion in 'Technical Analysis' started by ramesh_p, Jul 29, 2013.

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  1. ramesh_p

    ramesh_p New Member

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    what are the best stocks for swing trading
     
    ramesh_p, Jul 29, 2013
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  2. ramesh_p

    ramesh_p New Member

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    sugesst me the best strategy for to find the stocks for swing trading

    regards
    ramesh
     
    ramesh_p, Jul 29, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    You have asked the same question in couple of different threads where some other discussion is on and so please try to keep one topic in one thread and so I have moved your post into a separate thread.

    Coming back to your question for finding stocks, what process do you follow? The best is to screen stock that are near 52 week high for going long.
     
    shabbir, Jul 30, 2013
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  4. Prescilla

    Prescilla Member

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    Hi Shabbir,

    You said to look for stocks that are 52 weeks high for going long. In case of ITC it touched Rs,380/- last week and it has come down to Rs.349/-. In that case how to judge the movement of the script. Please explain in brief. Also in case the script that is 52 weeks low. In case of Dish TV it's 52 weeks low was 51/- and in case of BHEL (I think Rs.150/- ) it's movement is fluctuating. Please explain how to trade in that case.

    pf
     
    Prescilla, Jul 30, 2013
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  5. sainath85

    sainath85 Member

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    I think we should not buy immediately on 52 week high, should wait for few trading sessions whether the 52 week high is holding.
     
    sainath85, Jul 30, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    You should have bought ITC above 350 and then it touched almost 380 and if you still have not book your profits, you are becoming too greedy
     
    shabbir, Jul 30, 2013
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  7. saptarshi_sachin

    saptarshi_sachin Responder

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    As Shabbir pointed,
    previous high of ITC was something around 354. ITC breached this level and was staying above 350/354. Shabbir was saying to go long in ITC at this point and book profits when 370+, definitely book partial profits if not all. The stock zoomed above its previous highs on 1st quarter results expectations.
     
    saptarshi_sachin, Jul 30, 2013
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  8. Prescilla

    Prescilla Member

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    To all my Forum Members, I booked my profit in ITC. I just wanted to know even after touching 52 weeks high, is there any possibility of going further and same case in 52 weeks low - whether that script will further decline. And how to judge its movement and approx. how many trading sessions we'll have to watch.
    Thanks/Regards,
    PF
     
    Prescilla, Jul 30, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    If breaking above 52 week high means it will never come down then every stock would be gold mine. There is no rule like days or hours and take your profit and look for another opportunity.
     
    shabbir, Jul 31, 2013
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  10. Prescilla

    Prescilla Member

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    Hi Shabbir,

    Thank you very much for your explanation.

    Regards,
    PF
     
    Prescilla, Jul 31, 2013
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  11. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jul 31, 2013
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  12. kaisarimam96

    kaisarimam96 Member

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    Bent Crude Future has hit 52 weeks high is it buying time if yes / no, why ???
     
    kaisarimam96, Aug 3, 2013
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  13. saptarshi_sachin

    saptarshi_sachin Responder

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    Hi All,

    Infosys has hit 52 week high of 3020 on Aug 2.
    It is just trading below that at 3006.
    Should one buy into Infy at this point? If so, what should be the SL?
    Note: Infy is trading above its 20 day EMA for the last 3 weeks.
     
    saptarshi_sachin, Aug 3, 2013
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  14. shabbir

    shabbir Administrator Staff Member

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    Yes I would but both Infy and Bent Crude
     
    shabbir, Aug 4, 2013
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  15. sainath85

    sainath85 Member

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    @ Shabbir i sold Infy at 2900 levels..bought them at 2380. Feeling pretty bad now :(
     
    sainath85, Aug 5, 2013
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  16. shabbir

    shabbir Administrator Staff Member

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    Never feel bad about the missed opportunity and try not even thinking about what you missed. Think about what you gained.
     
    shabbir, Aug 5, 2013
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  17. Prescilla

    Prescilla Member

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    Hi Sainath,

    You disclosed your bad feelings, why don't you disclose your good gained feelings also sometimes.

    pf
     
    Prescilla, Aug 6, 2013
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  18. sainath85

    sainath85 Member

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    Sure :D
    I made 22% profit on the bad feeling i was talking about
     
    sainath85, Aug 7, 2013
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  19. shabbir

    shabbir Administrator Staff Member

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    LolOloLOLOlOLOL
     
    shabbir, Aug 7, 2013
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  20. kaisarimam96

    kaisarimam96 Member

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    Tata motors has hit 52 weeks high two days back . can be buy or not if yes what is stoploss and target.
     
    kaisarimam96, Sep 13, 2013
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