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Stocks Positional Calls |
hansraj456
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Joined: 17 Nov 2009
Posts: 370
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Post: #46  Posted: Thu Jan 14, 2010 10:59 am Post subject: |
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| vinod_kumar wrote: | Hi Hansraj,
Kindly elaborate the manual calculation of Target & Stop Loss
Thanks |
Target differs with the pricing patterns and generally Stop loss is 2-3 points below the median of last candle. This works only on closing basis prices on daily chart and not on intraday basis. |
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harshkapoor3
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Joined: 19 Feb 2009
Posts: 33
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| Post: #47 Posted: Thu Jan 14, 2010 11:55 am Post subject: |
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Hi Hansraj,
In one of your earlier mails you mentioned (Calculation of Targets, SLs, Risk Reward Ratio (Strength), Time required for target etc. are being calculated manually. )
Can you pls throw some light on these parameters, how actually you do this ? |
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hansraj456
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Joined: 17 Nov 2009
Posts: 370
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| Post: #48 Posted: Thu Jan 14, 2010 12:01 pm Post subject: |
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| harshkapoor3 wrote: | Hi Hansraj,
In one of your earlier mails you mentioned (Calculation of Targets, SLs, Risk Reward Ratio (Strength), Time required for target etc. are being calculated manually. )
Can you pls throw some light on these parameters, how actually you do this ? |
Most of the answers for asked parameters are already given. Can you please read the entire thread where we have already discussed the strength, SLs etc. So far as time required for target, I am testing this feature and till now found to be correct, but I need some more time to firm-up its authenticity. Calculation of Targets are being done on the basis of price patterns like double/triple top/botoms, head & shoulders, flags, etc. I hope u know how to calculate target on price patterns. |
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sinash2003
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Joined: 06 Jan 2010
Posts: 22
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| Post: #49 Posted: Thu Jan 14, 2010 12:17 pm Post subject: Current Market trend |
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Hi hansraj,
What's ur stand on the current market trend? I am eagerly waiting for nifty to shed some load, can you throw some light on when NIFTY is going to lose 100-200 points, is there a possibility in the coming 1-2 months.
My concern is to read the market trend prior to budget. |
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harshkapoor3
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Joined: 19 Feb 2009
Posts: 33
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| Post: #50 Posted: Thu Jan 14, 2010 12:30 pm Post subject: |
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Hi Hansraj
I went through the entire thread as you said, and got a confusion abt sl,, according to you, target and sl are calculated as per the pricing patters, but at one place u mentioned that sl is generally 2-3 points below the median of last candle, does that mean, if sl accoding to the price pattern is say X rs , then ur sl will be X-3 , is it ?
Pls correct if i am wrong? |
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hansraj456
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Joined: 17 Nov 2009
Posts: 370
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| Post: #51 Posted: Thu Jan 14, 2010 12:40 pm Post subject: |
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| harshkapoor3 wrote: | Hi Hansraj
I went through the entire thread as you said, and got a confusion abt sl,, according to you, target and sl are calculated as per the pricing patters, but at one place u mentioned that sl is generally 2-3 points below the median of last candle, does that mean, if sl accoding to the price pattern is say X rs , then ur sl will be X-3 , is it ?
Pls correct if i am wrong? |
Oh. I always calculate target on the basis of price patterns, and generally calculate SL 2-3 points below the median of last candle. But if the overall trend of the market is negative and buy call comes, then SL is also decided on price pattern i.e. 1-2 points below the low of previous candle depending upon the price of the stock. |
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hansraj456
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Joined: 17 Nov 2009
Posts: 370
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| Post: #52 Posted: Thu Jan 14, 2010 12:41 pm Post subject: Re: Current Market trend |
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| sinash2003 wrote: | Hi hansraj,
What's ur stand on the current market trend? I am eagerly waiting for nifty to shed some load, can you throw some light on when NIFTY is going to lose 100-200 points, is there a possibility in the coming 1-2 months.
My concern is to read the market trend prior to budget. |
I am sorry I cannot predict the nifty levels in next 1-2 months. |
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harshkapoor3
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Joined: 19 Feb 2009
Posts: 33
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| Post: #53 Posted: Thu Jan 14, 2010 1:26 pm Post subject: |
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| hansraj456 wrote: | | harshkapoor3 wrote: | Hi Hansraj
I went through the entire thread as you said, and got a confusion abt sl,, according to you, target and sl are calculated as per the pricing patters, but at one place u mentioned that sl is generally 2-3 points below the median of last candle, does that mean, if sl accoding to the price pattern is say X rs , then ur sl will be X-3 , is it ?
Pls correct if i am wrong? |
Oh. I always calculate target on the basis of price patterns, and generally calculate SL 2-3 points below the median of last candle. But if the overall trend of the market is negative and buy call comes, then SL is also decided on price pattern i.e. 1-2 points below the low of previous candle depending upon the price of the stock. |
OK, we are using say some 10 different parameters to pick a stock ,now in this case if 3 or say 5 indicators give a sell and price pattern supports a buy, then what would be our view? |
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hansraj456
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Posts: 370
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| Post: #54 Posted: Thu Jan 14, 2010 2:01 pm Post subject: |
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| harshkapoor3 wrote: | | hansraj456 wrote: | | harshkapoor3 wrote: | Hi Hansraj
I went through the entire thread as you said, and got a confusion abt sl,, according to you, target and sl are calculated as per the pricing patters, but at one place u mentioned that sl is generally 2-3 points below the median of last candle, does that mean, if sl accoding to the price pattern is say X rs , then ur sl will be X-3 , is it ?
Pls correct if i am wrong? |
Oh. I always calculate target on the basis of price patterns, and generally calculate SL 2-3 points below the median of last candle. But if the overall trend of the market is negative and buy call comes, then SL is also decided on price pattern i.e. 1-2 points below the low of previous candle depending upon the price of the stock. |
OK, we are using say some 10 different parameters to pick a stock ,now in this case if 3 or say 5 indicators give a sell and price pattern supports a buy, then what would be our view? |
There are 3 signals by indicators (see chart of patterns uploaded at this forum) i.e. buy, sell or indecision. If pattern is bullish, all signals should either give buy or indecision. Even if one parameter gives sell and all other give buy signal, even then I don't recommend that stock. However, price pattern and ema must give buy signal, otherwise if all give buy and these two give indecision, even then no recommendation for buy. |
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venkat1926
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Joined: 02 Dec 2009
Posts: 12
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| Post: #55 Posted: Thu Jan 14, 2010 2:32 pm Post subject: |
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Mr Hansraj
I am watching your recommendation. They appear to be good. I am not going to ask you how you arrive at your decisions. But I shall take these recommendations and test them with my own preferred technical and fundamental parameters and bit of gut feeling and decide upon your recommendation. I accept the usual disclaimer.
Keep it up. You are of great help to others. |
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harshkapoor3
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Joined: 19 Feb 2009
Posts: 33
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| Post: #56 Posted: Thu Jan 14, 2010 2:41 pm Post subject: |
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In the uploaded pdf, item no. 6, abt stochastic, u say the cross over should be within last 3 candles, what i understand from this ,, is that u want a recent cross over, am i right?
Next say, if there is a negative crossover on stochastic say 7 days back, and there is no cross over within last three days, then will the situation be a "indecision" or a negative cross over ? |
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hansraj456
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Joined: 17 Nov 2009
Posts: 370
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| Post: #57 Posted: Thu Jan 14, 2010 2:57 pm Post subject: |
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| harshkapoor3 wrote: | In the uploaded pdf, item no. 6, abt stochastic, u say the cross over should be within last 3 candles, what i understand from this ,, is that u want a recent cross over, am i right?
Next say, if there is a negative crossover on stochastic say 7 days back, and there is no cross over within last three days, then will the situation be a "indecision" or a negative cross over ? |
If positive crossover is in 3 previous candles then it is buy, in all other circumstances it is indecision. But if negative crossover is within last 3 candles, only then it is sell. In your example of 7 days back, it is indecision. |
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harshkapoor3
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Joined: 19 Feb 2009
Posts: 33
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| Post: #58 Posted: Thu Jan 14, 2010 3:22 pm Post subject: |
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If i put it in a sequential manner
1= check whether there is a price patern ( if yes ) then
2= check for MA cross over in preceding 3 days , (if yes) then
3= check for other indicators, they should give eithr yes or indecision, but none of them shoul give a no , if even one of them is no then leave the stock.
Am i correct?
Is it possible to interchange first two points. ? is it necessary that both the first two points are yes, if one of it is indecision then ? |
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arif_ghasura
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Joined: 07 Apr 2009
Posts: 5
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| Post: #59 Posted: Thu Jan 14, 2010 4:03 pm Post subject: Great calls |
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Dear Hansraj
Superb Analysis today TUBEINVESTMENT also achieved Tgt.  |
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hansraj456
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Joined: 17 Nov 2009
Posts: 370
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| Post: #60 Posted: Thu Jan 14, 2010 4:44 pm Post subject: |
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| harshkapoor3 wrote: | If i put it in a sequential manner
1= check whether there is a price patern ( if yes ) then
2= check for MA cross over in preceding 3 days , (if yes) then
3= check for other indicators, they should give eithr yes or indecision, but none of them shoul give a no , if even one of them is no then leave the stock.
Am i correct?
Is it possible to interchange first two points. ? is it necessary that both the first two points are yes, if one of it is indecision then ? |
You are right, first two must give 'Buy' Signal, otherwise nothing doing. I don't even check stocks which do not qualify first two parameters. One more parameter is also very very important. That is risk reward ratio, it must be 1:3. If RR Ratio is 1 : 2.99, even then I don't touch that stock. That's why my list of selection is very small but results are good.
One more important aspect, I never watch the performance of the stocks during live market because it adds to panic, greed or fear. For example one of the reader of this forum bought Tube Invest. yesterday on my recommendation. In the morning he told me he sold it with 10% profit in a day, and in the afternoon he was shocked because it went about 20% up. To exit from a stock, I always follow the rules of portfolio as discussed earlier in this thread.
One more aspect I wish to advice, I don't watch the price even on the day of entry. Then question arises, how I buy. For buying also there is a rule. The example is as under :
Suppose I have to buy 200 shares of 'A' Stock. Before opening of the market, I will place order for 300 shares as under :
75 shares at previous days closing price
75 shares at upper most price of buying range
75 shares at lower most price of buying range
75 shares at the medial of previous day candle or 2 points above SL
Broker calls me back when shares are bought. As per this example I may get either 75 scrips or more or even not even a single share. I keep on trying to buy during next 4-5 trading days, either until my quota of about 200 shares is fulfilled or sometimes stock prices start running before full quota is bought. If price starts running early, sometime I satisfy myself with small number of scrips.
Hope this will help the readers how to handle my calls on stocks.
Thanks |
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