iCharts Discussions

[harshkapoor3]

I am not able to identify centuary enka, price pattern , pls let me, what i can see only a price channel.

other point is that in basf, the sl should be , as per ur pdf, 2-3 point below the median of last candle, median of last candle is 440 so the sl should be 437, and not 428, pls comment?

[kripalsinh8888]

HEY , FRIENDZ

Here I have a very nice pick for u all........USHER AGRO [532765] .

Particulars :

The Stock was in a Consolidation Phase Since more than 11 months........

It has made a rounding bottom..........as per my observation.........this pattern has the most potential to rise............

The call is a bit late.........but not tht late..........i have bot @ 44 .....

When it gave a breakout at 44.......still u can buy this stock near 48-45 ......keeping a Stop loss of 42.........with a target of 64 in mind.........
as per me the tgt will be even more higher as I said it has rounding bottom........so after 64.........just follow the 13 / 26 crossover EMA n let it rise as much as it wantz to

I can also see tht Syndicate Bank , Jindalsteel n Moserbaer r near to Break outs >>>>

With regardz ,
Kripalsinh

[kripalsinh8888]

Hey ! Friendz........
U can get stocks with Breakouts............in a Software by Precision technicals..........the Software costs nearly 11,500 Yearly ..........

It gives 2-7 stocks with Breakouts.......but out of those stocks u need to choose the best one with a breakout........as the stock finder is Automatic......n not manual........

If any1 is also using candlestick patterns to trade.........i ll tell u a website......which will find candlestick patterns for u.........

With Regardz ,
Kripalsinh

[hansraj456]

[hansraj456]

[hansraj456]

[hansraj456]

[hansraj456]

[hansraj456]

My special thanks and regards to Mr. Raja from Hyderabad who has written AFLs according to my choice to search stocks in Amibroker on the basis of price patterns.

[harshkapoor3]

[harshkapoor3]

[hansraj456]

Hi harsh

I am giving calculation example for NMDC with pole formation dates and flag breakout with calculation of Target and SL

Stock - NMDC

Pattern - Flag
Target Calculation Example :

Pole Low - 295 (05/11/2009)
Pole High - 461 (11/11/2009)
Flag Breakout - 479.30 on 15/01/2010
Target - 461-296 = 165 points
From the Low of 15/01/2010
i.e. 428 + 165 = 593
There is error of 1 point in calculation, don't mind 1-2 pointsup or down in target. But SL must be precise.

Stoploss Calculation :
Open = 429.50
Close = 479.30
We have to firs find median as under
(479.30 - 429.50)/2 = 24.90
429.50 + 24.90 = 454.40
SL below 2 points from 454.40
so SL : 452.40

Note : SL is 2-3 points below the median irrespective of the price of stock whether it is 500 or 50.

Risk Reward calculation is very simple and i know you have already understood that.

Hope u can now calculate in similar manner for all the stocks given by me in this forum as all the stocks given till now have been selected on flag pattern only.

Thanks

[hansraj456]

Further I give here clue for selection of flag and now anyone can calculate the remaining parts.

Pole dates are important factor here for calculation, so I am giving pole dates for remaining stocks

Kalyani Steel :
Pole Low : 13/11/2009
Pole High : 26/11/2009

Century Enka
Pole Low : 16/12/2009
Pole High : 29/12/2009

Basf Ltd
Pole Low : 02/12/2009
Pole High : 08/12/2009

Flag breakout dates for all the above stocks is 15/01/2010.

There may be variation in selection of pole and selection of target. I have selected minimum length of pole so targets may be lesser than the potential. As per rule the pole should be measured from low to high prices but being on a conservative side, I am calculating from open to close so that target should be on lower side. But in all the cases, calculation of SL is very precise and no variation can be there. Therefore, I say that the targets given by me are minimum target and you can see some stocks still moving faster even after the targets. I am also giving time for target which is half number of trading days from the date of pole low to breakout, but that I am still testing but till now this calculation is working fine.

Thanks.

[hansraj456]

Hi Harsh

Selection of stocks is just one small part of the entire game. In my comprehensive portfolio one part is Stocks and i generally keep around 10 stocks and keep on rotating them. Other important parts of the portfolio are Option Future Hedging Plan and Nifty Swing Trading. My capital has been systematically allocated in all these three segments. I may not be an expert technical analyst, but by calculative methods and strictly following the rules I have so far been quite successful. However, these days I am also trying intraday trading but have not been very successful till date. Can you help me in intraday trading, if you do.

Thanks

[RAJASIMHAN]

Hi Hans,
I am unable to visualize the flag pattern for kalyani steel and NMDC could you post a chart.

Thanks in advance.
RAJASIMHAN