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How to Search best scripr to trade

Discussion in 'Technical Analysis' started by cbpancha, Dec 17, 2012.

  1. cbpancha

    cbpancha New Member

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    Dear Shabbir,

    Still I am not knowing how to select stocks for trade.

    Please help me in this regards.

    Chandrakant
     
    cbpancha, Dec 17, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Ok so lets do some brainstorming.

    Just give me 5 stocks that are hitting 52 weeks high and then we will get forward from those stocks.
     
    shabbir, Dec 17, 2012
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  3. chequesuraj

    chequesuraj Member

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    Today's 5 stocks that are hitting 52 weeks high:

    Union Bank of India - 275.40
    ICICI Bank Limited - 1,149.00
    IndusInd Bank Limited - 430.80
    Bajaj Auto Limited - 2121
    Mahindra & Mahindra Limited - 967.55

    pls advice...
     
    chequesuraj, Dec 17, 2012
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  4. ajaysinghchand

    ajaysinghchand New Member

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    another good way is to go on www.moneycontrol.com
    visit markets tab and then technicals
    end of the page gives stocks hitting 52 week high

    eg
    bse 500 there are 31 stocks
    bse 200 there are 16 stocks
    bse 100 there are 7 stocks

    now each chart maybe be looking good but the ones showing higher highs and higher lows and then just edging out of recent previous highs could a good choice

    and then lastly wait for either the target to hit or unluckly stop loss to hit

    it is really quite logical and makes sense but it took me a long time to understand

    hope this helps
     
    ajaysinghchand, Dec 17, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Now try to find break out pattern and lower top lower bottom in those stocks on daily charts
     
    shabbir, Dec 17, 2012
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  6. cbpancha

    cbpancha New Member

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    Thanx Shabbir,

    I can find lower top & lower bottom but how to find out breakout pattern. Sorry I am new bee and not knowing this.
     
    cbpancha, Dec 18, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Its time to re-read the ebook.
     
    shabbir, Dec 18, 2012
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  8. ramgole

    ramgole New Member

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    What charting website you are using. I am trying with chartink.in it is not showing daily chart. It shows chart for longr term and 1 candle per day using which I am not able to see how stock moved each 1 or 5 min during that day
     
    ramgole, Dec 18, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    It is chartink.com and it shows daily chart, one candle stick for a day.
     
    shabbir, Dec 18, 2012
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  10. hirenrachh

    hirenrachh Member

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    Dear Shabbir

    To look for break out pattern means look for the higher top and higher bottom .......?
    why do we need to look for lower top lower bottom on daily charts than?

    regards
    Hiren
     
    hirenrachh, Mar 15, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    For breakdown.
     
    shabbir, Mar 15, 2014
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  12. hirenrachh

    hirenrachh Member

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    Can i summerise in following way....?
    Find the stock which has made 52 week high.....
    Than look for the break out pattern like W or higher top higher bottom....
    And make a trade with vol breakout....

    Shabbir am i right?
    Regards
    Hiren
     
    hirenrachh, Mar 15, 2014
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  13. shabbir

    shabbir Administrator Staff Member

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    W is more found ins stock that corrects but yes those patterns are perfect.
     
    shabbir, Mar 16, 2014
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  14. hirenrachh

    hirenrachh Member

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    Dear aschand
    Nicely explain. Can u through some more light incase of higher top and higher bottom how exactly fix the target and stop loss?

    Regards
    Hiren
     
    hirenrachh, Mar 16, 2014
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