iCharts Discussions

[hansraj456]

[hansraj456]

[hansraj456]

[sinash2003]

[harshkapoor3]

Hi Hans,
Some questions=
1= Candle stick patterns are just for confirmation purpose hence i dont we need to concentrate on bullish candle stick patterns? Pls comment.
2= How do you calculate recommended price range?
3= I have also started using ambibroker, can u tell how to find stock with it fulfilling our criterias?
4= Gail surely seems to have potential for 500 rs, waiting for ur expert comment on the same.

[kdd81]

hi hansraj ,
is it possible for u if u can pls upload the chart of any of the stock being recommended by u , showing the flag formation and other signals like rsi n stochs?
i want to confirm whether i m doing correctly or not by comparing your analysis with mine ..

thanks

[Ravi_S]

Hello guys

Here are today's updates...

1. NFL achieved its' target 90...
2. NMDC blasted should reach the target within few days if it continues the momentum...
3. Jindal Saw, Motherton Sumi and JKcement moving slowly

Regards
Ravi

[sinash2003]

[joshiga]

HI Hans,

Could you please explain how to calculate target, SL and trailing stoploss?

thanks

Girish

[hansraj456]

Hi Harsh,

Here are point-wise answers.
1= Candle stick patterns are just for confirmation purpose hence i dont we need to concentrate on bullish candle stick patterns? Pls comment.
Ans.: You are right, it is for confirmation only but when candle stick patterns also gives confirmation, it is also assumed that price will rise soon, means consolidation period after the breakout will be short.

2= How do you calculate recommended price range?
Ans.: Risk Reward Ratio is calculated on the basis of CMP. It is always above 1:3. But generally it is more than 3.5. I strech the CMP manually upto the level where the Risk Reward Ratio reaches around 1:3. Lower range of the price is just few paise/rupee above the SL. Attaching Excel sheet I use for various calculations before selection of stock (SL, lower range formulae inserted for auto-calculation). Change the Upper range in the sheet in such a way that Revised Risk Reward Ratio should also be 3. I decide the range because if suddenly stock price runs, I should know my range as per risk and if it sometimes opens above the range then I don't even buy that stock.

3= I have also started using ambibroker, can u tell how to find stock with it fulfilling our criterias?
Ans.: One of Forum Reader Mr. Raja is helping me by writing AFLs for Amibroker, and we are testing those AFLs these days and fine-tuning as per our requirement. I will definitely share those AFLs when they are fully functional. So far I am using hit-n-trial methods for finding stocks as u see, so many people are giving suggestions on various stocks.

4= Gail surely seems to have potential for 500 rs, waiting for ur expert comment on the same.
Ans.: Will post about Gail in the morning, can u wait till then? Because I am searching few more stocks and will do analysis one by one in the early morning, actually that's my time when I decide my trades for the day.

Thanks

[hansraj456]

[chandrujimrc]

Hi Hansraj,
Can you please verify the following shares for flag pattern

1.CUB 2.BIL 3.CHEMFALKAL 4.APCOTEXIND 5.VINATIORGA 6.PDUMJEIND 7.MADRASFERT 8.NUCHEM



Ravi

[serenshri]

Hai Raj

does the following qualify

Regards

Sridhar

[hansraj456]

[quote="serenshri"]Hai Raj

does the following qualify

Regards

Sridhar


HMT gave breakout yesterday now it has gone. Forget it. It was a good opportunity had we knew yesterday.

[hansraj456]

A good one.