iCharts Discussions

[sdeepa]

Dear Mr.Hansraj,
Many thanks for your feedback and I already follows 10 different parameters. Your recommendations and your replies conformed my regular method is right through your recommended scripts graphs which I didn't have earlier in my Icharts portfolio,and conformed the same.

I convey my sincere thanks for your valuable feedback. Please provide your e-mail id to communicate if any clarifications is needed other than above subjects.

Kind Regards,
S.Deepa

[Ravi_S]

Here we go with today's updates... Sterlite Tech has hit the target today with a high of 419

No Stoplosses triggered even in a weak market day...

[hansraj456]

No scrip has qualified for fresh investment today. Hold the present position.

Exit from stocks only if one of the following instance happens :

(a) If SL triggers on closing basis within 5 trading days from the date of call.
(b) If new stock entry is required in the portfolio, select the slow moving stock for exit.
(c) If Stock price comes below 20 days EMA, exit from such stocks. You can exit from even all the stocks if the price of all come below 20 days EMA.
Note : If again stocks price comes above 20 days EMA within 5 trading days from the date of exit, you can enter again in such stocks with same quantity.

[hansraj456]

[joshiga]

Hi hans,

impressive calls!
Do you have code to filter out stocks?
How do you calculate these target and SLs?
I mean manuallly or by some code?

thanks

[hansraj456]

Hi joshiga

I filter out stocks on the basis of patterns and following are some patterns for selection:
Double/Triple Top/Bottom
Head and Shoulders Top/Bottom
Flags Bullish/Bearish
Wedges & Channels
In addition to above, I also take confirmation from various indicators i.e. RSI, MACD, candlestick patterns, moving averages, trends while selection of the stocks.

Targets and SLs are calculated manually on the basis of patterns. These days most of the stocks are coming under radar on the basis of Flag patterns, being a continuation pattern due to uptrend. So follow the rules for SL & Target of Flags.

Calculation of Targets, SLs, Risk Reward Ratio (Strength), Time required for target etc. are being calculated manually.

Thanks

[hansraj456]

Hi Mahesh

I am attaching here a chart indicating various parameters, indicators & rules on the basis of which I select the stocks. Please go through it. I learnt this after basic technical analysis training last year.

[hansraj456]

No scrip has qualified for fresh investment.

I had given Essel Propack today but now have removed that because I calculated on wrong closing price. Now it does not fit for investment as it does not qualify the risk reward ratio of 1:3. Mr. Rajasimhan rightly pointed out. My special thanks for him for pointing out my mistake.

[RAJASIMHAN]

Hi,
ESSEL PROPACK IS ALREADY Rs 54.85

[hansraj456]

[jitesh7]

hi hansraj,

from where you took technical analysis training.

[vinod_kumar]

Hi Hansraj,

Kindly elaborate the manual calculation of Target & Stop Loss

Thanks

[sinash2003]

Hi hansraj,

First of all this is my first post on ur blog and I wanna thank you for such valuable predictions however I have made no money out of any ur predictions.

I just wanna know ur stand on your prediction about JINDAL SAW

Thanks
Ajeet Singh

[hansraj456]

[hansraj456]