iCharts Discussions

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi all,

I m maiking a small effort to explain my trading methodlogy i m not sure how many will understand it but one thing is for sure that what i do is deffinetly not a rocket sience and for sure if i can do any one can do it.. I dint had any formal training in TA i have learnt it from just obesrvation and as casper said we need to find our meathod i just use trendlines thats it..

1.The most important of all the foundation of my trading is control of my emotions.. it took two years of no trading to control my urge to trade and its the same time mkts crashed big time(2007-2008) i worked my paper trades fine tuning the set ups.. so most the times loss or profit i still dont get emotional with my trades every trade is a new trade i dont trade to cover my perivious loss ( Rolling Eyes

as most of them trade in mkt the aim is to cover their loss).. I trade only when there is a good opportunity and there is no disturbance from my work or my personall life...

2. stock selection: i usally do swing trades so 5-10% is the kinds of move what i look for.. i avoid news based counters i avoid all small caps,penny stocks,mid caps with out good history,sectors which are clearly not in favour(currently reality is one sector if u had obesrvered u would ve seen there is no dlf unitech hdil in my calls) i also doont trade manupulative counters like R pack ( with execption of Reliance ind) what i cover is all nifty bank and IT index stocks so usally my list of universe is not more than 100-125 stocks. it takes just about 1-2 hours time max to scan through mannualy. i dont use any system based tools to generate calls.

3.TA tools: there are plenty of tools and indicators avilable as my mentor told me "dont be jack of all and master of none" i use only basic of TA the trendlines, volumes, Fib retracement, daily charts and occesionaly weekly charts some times MA.channels,triangels flags H&S invers H&S are some of the patterns i track.. Channels and triangles are one of the strongest patterns.. candlesticks i dont use too much.. basically other than the basic method of determining the trend i also use perious supports and resistance as probable tgts.

4.the last part and also the most important is my experience in mkt so to know when to trade and when not to trade and to know the trend in a stock is it manipulative or geniunie and how stocks will react in a situtation.

There is a lot of reading involved and most important is stop watching the biz news channel cause i remember i started my careers a dealer in a broking house and my routine started with asian mkt and ended with US mkts but now only music and moives is what runs on my tv.. trust me they will only deviate ur mind and i ve seen 99% of the times news in the charts before its out so charts cant hide u need vision to see the news before its out.. the simplest of things like looking at delvery volumes to changes in open interest can help u in a big way..
I can write a big book on my exp but this is the just a gist of what i do..

Regards

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

ICICI - banking has been just defining odds for some time last time around they did give a false breakout.. so probably small investments can be be made now i guess so above 1070 the stock can see some stock covering....

Sesagoa : can be bought above 348 for Short term tgt of 370..

Powergrid : above 100 can do 104-107

Uni phos: have told previous post also below 150 its in for a big trouble..

Not in office for next two days and tomorrow completely no acess to systems either so wouldn be able to reply to any posts thats the reason for the late night post..

Rehards
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi............as4manju
I feel ur analysis is the best on stock...............can u tell me how much icicibank can go above 1070??...............
and what will be the nifty on expiry??.............

pls guide me
thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi anand,

Its difficult to tell where nifty will be on expiray i dont track any index very closely that much i only like to see index to confirm the trend.. Icici can do 1100-1120 in this short covering how every most baking stocks have the habit of giving false break outs... Nifty the levels to watch for is around 5650 on the down side and upside its around 5840...

Regards
Manju

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

manju bhai, for how many days your levels are valid to trade

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Ali these levels hold good for short term it can be any where from 3-10 days also or some time it takes longer.. few days had mentioned about maruti range of 90 points but the level broke on down side after few days and still reached the tgt.. so u keep ur stop loss and trade it thats it..

Regrads
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.............as4manju
thanks for your comments............
and pls keep posting such calls.........

thanks
anand

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.......as4manju
abgship has break 375 as per u................but I did not purchased till now ............now it is 372...........can I buy here ?? ...for tgt 390 - 400..............in short term??.............
pls guide me

thanks
anand

som09 · White Belt Joined: 03 Jan 2011 Posts: 17

Hi Manju
Pl give your valuable view on lupin and titan

Thanks
sachin

shivanigautam30 · White Belt Joined: 01 Dec 2010 Posts: 21

Dear Manju Ji,
You have mentioned about sesa goa and the levels to watch out for...

Can you pls also point out the name of the pattern and other TA indicators that you used to arrive at the target/levels...

This would be of great help.

The stock touched a high of 343.9 and low of 328.35.

Just to check with you: the stock seems to be very close to the level of 348 that u suggested...so would u suggest that the stock is trying to make an attempt at 348 and that these are good levels to start picking the stock in small qty....

Pls do explain Manju Ji...

Rgds

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

short term can move up as metioned earlier needs more volume expansion.. only catuion is that the stock moves in high ranges

Regards

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi sachin,

Lupin close above 470 can take the stock to 495-510

Titan would wait to the stock to corss 3650 can do 3750-3850

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Infosys : stock has been in the range of 3220-3290 close above 3290 stock can rally to 3350-3400 levels in short term..

Hindalco : the stock is in the range of 225-240

M&M : above 800 can do 850-870 is short term

Dr reddy: below 1620-1600 levels can do 1520 in short term so wait for close below 1600.. think of buyin only above 1690

Tata motors:1160-1220 is the range to look for had mentioned earlier also 1140 is a very key level on down side below which even R tata cant help this stock

Rel cap: another waste stock below 575-570 levels the stock can re test 550 levels and that is the lost hope for the stock...

Being CR policy can expect volatalityuse declines in case to exter good quality stocks

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi,

The pattern in inverse H&S pattern how ever for the tgts i ve used resistance as the tgts.. the actuall tgt based on the pattern is 390-410 which as of now looks very remote may be once 370 is taken out u can think of these level as next tgt..

Buy only once the levels are crossed else the pattern wouldn be complete if u buy it too early..

Regards
Manju