Stocks on breakdown after trading on 4th March 2008 are as follows : No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts. These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used. If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low. The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses. Above signals work best with trending stocks and are useless with rangebound stocks. All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals. Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend. This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets. A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break. Targets are calculated using Fibonacci retracements. UP targets = Support + X *(Resistance-Support) DOWN targets = Resistance - X *(Resistance-Support) Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618 Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated. Interpretation of this is difficult and shd be done in the context of the prevailing trend. Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time. Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time. In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies). This is for daytraders only and can be unreliable due to freak trades.NSE Code Close % Ch 2 day
Swing5 day SWING 20 day
SwingPrevious Mov. Av. RSI ADX Entry Action Sup Res 20d 50d 5d 14d ABIRLANUVO 1601.60 -3.59% Buy > 1977 1635 1775 1751 1945 19 33 38 ADHUNIK 172.00 -4.74% Exit ---- Exit Hold SL 143 176 191 173 190 37 46 20 AKRUTI 996.90 -7.99% Buy > 1100 ---- Buy > 1162 Hold SL 925 1035 1240 1144 1173 13 31 12 ALBK 100.35 -3.09% Buy > 121 101 112 109 117 25 38 29 ALEMBICLTD 52.00 -3.53% Buy > 68 53 59 57 71 25 31 27 AMAR 29.85 -3.40% Buy > 35 30 33 31 38 29 39 13 AMTEKAUTO 285.45 -4.05% Buy > 341 286 330 308 355 24 32 31 ANKURDRUGS 236.85 -4.88% Buy > 301 240 271 262 302 25 37 10 ARIHANT 351.10 -11.78% Buy > 478 356 410 404 501 25 33 36 ASHAPURMIN 245.60 -3.59% Buy > 307 251 286 263 313 28 38 39 ASIANHOTEL 584.95 -4.86% Buy > 698 589 675 622 675 33 41 14 AVAYAGCL 196.95 -3.31% Buy > 240 203 225 210 251 21 33 27 AVTNPL 91.20 -5.00% Buy > 108 92 100 97 120 26 34 29 AXISBANK 910.90 -3.04% Buy > 998 ---- Buy > 1040 Hold SL 865 938 1040 994 1043 26 38 22 BANARISUG 940.00 -3.70% Buy > 1000 ---- Buy > 1020 Hold SL 787 951 1022 941 925 27 50 17 BANCOINDIA 34.65 -4.28% Buy > 40 35 38 37 40 23 39 14 BANKINDIA 309.75 -6.25% Exit 327 365 355 376 20 34 35 BANKRAJAS 141.10 -12.47% Buy > 172 ---- Exit Hold SL 123 156 195 150 153 21 42 26 BANSWRAS 40.80 -7.06% Buy > 57 43 48 45 55 20 34 21 BBL 2586.50 -5.54% Buy > 3120 2701 3120 2853 3177 21 33 33 BHUSANSTL 928.65 -5.85% Buy > 1158 978 1097 1008 1250 23 34 40 BONGAIREFN 58.20 -3.16% Buy > 74 60 65 63 76 25 37 29 BSCFAUG08A 127.00 -4.15% Buy > 127 129 135 133 137 19 39 50 CARBORUNIV 135.10 -4.86% Buy > 157 136 157 146 154 21 38 23 CCCL 809.95 -6.82% Exit 836 920 916 1010 12 25 18 CENTBOP 44.55 -4.19% Buy > 62 46 62 50 57 22 35 22 CESC 470.90 -6.20% Buy > 592 490 592 520 561 26 39 31 CINEMAX 98.25 -4.61% Buy > 116 102 111 104 124 27 36 37 CUBEXTUB 61.15 -4.90% Buy > 78 64 72 67 0 24 37 DCB 100.45 -5.06% Buy > 120 105 120 108 123 26 38 13 DECCANCE 280.70 -7.36% Buy > 340 300 330 305 343 17 36 15 DHANUS 215.15 -4.99% Exit 169 Hold SL 215 Hold SL 133 216 245 184 231 56 55 29 DWARKESH 70.05 -4.89% Buy > 90 71 86 80 94 14 31 16 ECLERX 293.00 -8.31% Buy > 358 311 340 322 0 20 35 23 EDL 158.00 -6.23% Buy > 218 163 195 183 248 13 27 38 ELECON 209.25 -6.63% Buy > 260 223 260 229 265 22 35 38 ELECTCAST 52.00 -4.94% Buy > 68 53 64 59 72 15 30 21 ELGIEQUIP 54.75 -4.62% Buy > 75 56 64 61 68 15 32 13 ENERGYDEV 139.95 -4.73% Buy > 181 142 159 154 202 23 33 28 EVERONN 739.95 -5.00% Buy > 884 741 854 768 911 33 42 12 FACT 34.15 -5.01% Buy > 41 35 41 36 40 27 42 13 FCSSOFT 78.10 -4.81% Buy > 95 80 93 84 99 29 39 27 FDC 30.60 -3.92% Buy > 37 31 33 32 37 25 37 19 FINCABLES 78.95 -3.13% Buy > 116 80 90 85 100 29 35 18 FMGOETZE 83.25 -5.07% Buy > 109 85 105 94 121 15 29 23 FOSECOIND 403.50 -3.27% Buy > 455 410 455 422 441 30 41 18 FOURSOFT 35.55 -4.69% Buy > 44 36 41 39 44 18 35 23 FSL 43.75 -8.09% Buy > 57 46 57 51 60 14 29 25 GALLANTT 28.45 -5.01% Buy > 37 30 33 32 36 19 35 18 GANDHITUBE 190.00 -4.86% Buy > 225 194 211 200 218 37 43 9 GATI 114.95 -4.25% Buy > 137 118 134 121 141 23 38 17 GEMINI 160.50 -8.26% Buy > 218 174 210 182 217 19 35 16 GENESYS 55.00 -3.42% Buy > 76 57 65 62 71 24 35 25 GITANJALI 272.10 -4.68% Buy > 319 285 311 294 345 15 33 46 GLODYNE 408.35 -4.99% Buy > 444 ---- Exit Hold SL 365 417 479 427 400 28 48 21 GMDCLTD 380.60 -4.95% Buy > 452 397 440 408 433 25 41 11 GMRINDS 99.85 -4.59% Buy > 133 102 112 108 127 31 36 23 GNFC 164.60 -4.80% Buy > 214 172 198 181 194 23 38 17 GREENPLY 311.45 -6.57% Exit ---- Exit Hold SL 262 313 367 316 335 36 46 14 GTNIND 21.40 -4.04% Buy > 27 21 24 24 29 21 31 36 GUJSIDHCEM 21.95 -4.57% Buy > 28 22 25 24 29 23 34 24 GULFOILCOR 150.25 -4.57% Buy > 214 157 174 170 230 23 31 32 HBSTOCK 58.85 -4.93% Buy > 86 62 70 69 91 16 30 29 HDIL 729.20 -9.54% Buy > 1028 800 878 842 999 17 34 33 HILTON 31.35 -4.71% Buy > 43 32 39 35 43 14 34 10 HINDOILEXP 99.65 -6.21% Buy > 118 105 115 106 122 18 39 23 HINDSANIT 54.85 -5.10% Buy > 73 58 67 61 73 15 31 33 HINDUJAVEN 495.60 -8.01% Exit ---- Buy > 595 Hold SL 452 505 595 538 631 21 36 29 HONDAPOWER 219.85 -3.51% Buy > 233 ---- Buy > 248 Hold SL 207 220 248 231 249 31 41 19 IBREALEST 552.65 -7.13% Buy > 696 561 672 618 667 25 38 21 ICRA 708.45 -4.36% Buy > 870 712 800 774 853 16 32 25 IFBIND 47.50 -5.00% Buy > 68 50 57 55 65 22 35 19 IFCI 58.15 -5.14% Buy > 72 61 69 63 71 31 41 25 IGARASHI 66.30 -5.49% Buy > 82 69 74 72 85 19 36 35 INDIANHUME 685.50 -4.94% Buy > 974 705 787 780 956 21 31 24 INDSWFTLAB 55.25 -5.47% Buy > 68 57 61 58 67 27 40 15 INDSWFTLTD 26.55 -4.84% Buy > 34 27 29 28 33 26 37 15 INDUSINDBK 87.25 -6.13% Buy > 114 91 102 97 107 23 38 18 ITDCEM 387.60 -3.40% Buy > 500 398 439 424 510 25 34 26 ITI 38.85 -4.78% Buy > 52 41 46 43 55 25 35 18 JAGRAN 105.15 -3.40% Buy > 142 108 119 113 132 31 38 36 JAIBALAJI 333.50 -5.00% Buy > 465 342 383 370 445 25 35 24 JAYNECOIND 40.75 -5.01% Buy > 56 43 52 47 57 12 32 16 JBCHEPHARM 53.75 -5.62% Buy > 62 55 62 56 67 30 39 16 JBMA 42.35 -6.92% Buy > 57 43 51 46 53 22 37 21 JPASSOCIAT 225.10 -7.75% Buy > 376 242 280 277 358 19 31 39 JSTAINLESS 142.50 -4.23% Buy > 170 149 170 155 179 27 38 27 JYOTHYLAB 700.75 -5.30% Buy > 820 703 748 722 789 35 42 18 KALINDEE 393.60 -4.96% Buy > 420 ---- Buy > 486 Hold SL 375 413 504 426 449 20 39 17 KAMATHOTEL 194.95 -5.32% Buy > 238 205 225 209 231 30 38 15 KIL 30.25 -4.72% Buy > 41 32 38 34 40 20 33 13 KOPRAN 22.60 -4.84% Buy > 29 23 26 25 31 17 29 35 KTKBANK 244.25 -4.22% Buy > 261 ---- Exit Hold SL 240 250 275 257 253 25 42 11 LANABS 185.40 -4.70% Buy > 208 190 208 197 202 5 30 17 LGBROS 22.30 -4.09% Buy > 26 23 26 23 28 23 34 26 LOGIXMICRO 196.60 -3.49% Buy > 266 202 260 218 267 32 38 39 LUMAXAUTO 48.25 -4.83% Buy > 59 49 54 51 61 31 35 15 LUMAXTECH 57.70 -6.41% Buy > 72 58 65 64 73 19 35 23 LYKALABS 47.25 -4.93% Buy > 69 48 54 55 69 23 30 35 MADHAV 50.25 -5.90% Buy > 75 50 65 58 78 21 29 23 MAHABANK 51.70 -3.72% Buy > 78 52 77 64 75 7 20 47 MALCO 586.30 -7.19% Buy > 724 619 724 635 717 22 36 21 MANALU 43.70 -3.74% Buy > 52 45 49 47 56 20 35 14 MANGCHEFER 27.40 -4.86% Buy > 34 28 33 30 35 27 37 18 MAX 187.00 -4.10% Buy > 232 192 221 201 224 22 34 15 MAYTASINFR 630.45 -6.62% Buy > 775 651 715 694 769 15 30 26 MCDHOLDING 209.30 -4.30% Buy > 282 211 244 234 291 24 30 38 MORARJETEX 37.05 -5.00% Buy > 52 39 44 43 52 22 32 32 MSKPROJ 104.50 -4.96% Buy > 136 108 123 116 140 24 34 22 NAGREEKCAP 64.25 -4.81% Buy > 90 67 76 74 102 19 26 42 NAHARINVST 22.80 -4.20% Buy > 29 24 26 25 34 26 32 33 NELCAST 112.35 -3.31% Buy > 137 115 124 121 141 11 29 25 NFL 60.30 -4.96% Buy > 73 63 73 65 73 26 40 18 NITCO 237.10 -6.69% Buy > 270 241 267 252 264 26 37 27 NUCHEM 22.70 -4.82% Buy > 32 23 27 25 26 25 41 17 OILCOUNTUB 72.05 -4.95% Buy > 103 73 84 83 93 16 33 13 ORIENTABRA 24.45 -4.86% Buy > 29 25 28 26 29 25 39 16 ORIENTBANK 225.95 -5.10% Buy > 288 236 288 261 273 12 32 29 ORIENTPPR 43.75 -7.41% Buy > 61 47 53 51 60 16 25 42 PATINTLOG 64.55 -4.93% Buy > 85 67 83 75 0 12 32 25 PENINLAND 81.50 -7.81% Buy > 101 88 101 90 111 20 37 15 PIDILITIND 148.85 -6.06% Buy > 208 152 188 162 175 19 34 16 PITTILAM 52.45 -4.11% Buy > 66 54 66 57 65 14 35 27 PONNIERODE 41.45 -4.71% Exit ---- Exit Hold SL 35 42 46 41 47 38 46 21 PRATIBHA 312.05 -5.71% Buy > 389 320 364 333 372 32 40 15 PVR 253.85 -3.99% Buy > 294 258 294 261 286 29 43 22 QUINTEGRA 99.00 -4.99% Buy > 167 104 115 123 161 13 24 41 RCF 76.35 -4.98% Buy > 101 78 93 84 101 27 37 13 REPRO 99.35 -3.26% Buy > 148 101 118 113 127 12 35 11 RKFORGE 241.00 -3.98% Buy > 284 248 274 265 251 23 43 16 RPGCABLES 38.00 -4.76% Buy > 48 39 43 41 48 23 35 17 RPGLS 41.40 -7.49% Buy > 85 43 59 58 83 7 20 57 RUBYMILLS 967.10 -5.00% Buy > 1465 990 1150 1137 1400 26 31 19 SADBHAV 1223.75 -5.79% Exit ---- Exit Hold SL 970 1245 1430 1239 1304 34 46 21 SANGHVIMOV 239.85 -3.15% Exit ---- Exit Hold SL 231 240 283 251 276 38 42 15 SASKEN 118.15 -4.29% Buy > 154 120 139 129 203 17 26 41 SATHAISPAT 55.40 -4.97% Buy > 67 58 67 60 70 21 39 9 SB&TINTL 22.40 -4.88% Buy > 29 23 26 24 33 27 34 31 SEAMECLTD 150.15 -8.64% Buy > 220 159 177 174 215 20 30 32 SHANTIGEAR 64.30 -5.58% Buy > 72 66 73 68 79 29 38 32 SHASUNCHEM 55.80 -4.21% Buy > 68 56 68 59 68 31 40 20 SHIVTEX 27.85 -4.79% Buy > 34 29 32 31 36 22 34 15 SILINV 103.75 -4.99% Buy > 147 106 115 120 159 23 29 37 SINTEX 429.30 -4.61% Buy > 488 449 488 454 496 21 35 16 SOMATEX 27.30 -3.36% Buy > 35 28 31 30 34 15 33 14 SONASTEER 47.20 -3.18% Buy > 56 48 52 50 57 27 32 20 SOUTHBANK 168.45 -4.45% Buy > 214 174 195 187 205 14 33 36 SPARC 91.75 -3.27% Buy > 103 93 103 95 115 32 39 20 SPIC 24.60 -4.84% Buy > 32 26 29 28 31 16 33 16 STERTOOLS 67.85 -6.35% Buy > 82 70 79 73 80 26 37 23 SUBEX 243.35 -5.73% Buy > 303 248 299 275 301 16 33 15 SUNDRMBRAK 277.00 -3.87% Buy > 350 286 308 300 329 26 33 13 SUPREMEIND 235.55 -5.89% Buy > 294 242 272 262 296 19 35 33 SURYALAXMI 35.40 -3.01% Buy > 42 36 41 38 45 29 37 24 TAJGVK 124.80 -3.29% Buy > 150 129 138 134 149 19 33 29 TATAINVEST 546.35 -3.14% Buy > 649 561 596 580 630 17 33 14 TATAPOWER 1234.85 -5.46% Buy > 1468 1250 1429 1321 1378 21 40 12 TCI 95.40 -5.54% Buy > 120 100 114 107 129 19 31 29 THEMISMED 195.00 -4.99% Buy > 253 204 221 219 236 24 39 16 THIRUSUGAR 94.90 -5.01% Buy > 108 96 103 98 114 37 42 25 TIDEWATER 3170.00 -5.00% Buy > 4049 3255 3728 3445 3717 27 38 17 TNPL 100.65 -4.33% Buy > 116 103 111 106 115 25 37 19 TTKPRESTIG 127.75 -5.23% Buy > 165 128 148 138 159 10 32 14 UCOBANK 44.30 -5.44% Buy > 62 47 51 51 61 16 30 20 USHAMART 87.55 -4.99% Buy > 107 88 107 94 109 29 39 19 VAIBHAVGEM 89.95 -8.87% Buy > 125 99 129 105 134 12 28 60 VENKEYS 139.25 -3.90% Buy > 166 141 153 149 174 21 35 27 VIJAYABANK 58.85 -5.08% Buy > 72 60 72 66 74 14 34 22 VIMTALABS 102.90 -4.99% Buy > 134 105 114 112 132 24 36 23 VINDHYATEL 130.05 -5.76% Buy > 170 135 152 147 179 26 35 31 VIPIND 111.40 -4.70% Buy > 126 112 124 118 131 19 37 20 WEBELSOLAR 363.00 -4.57% Buy > 479 368 420 398 521 25 32 30 WHEELS 266.00 -5.34% Buy > 320 276 305 286 295 22 40 11 WSI 87.35 -4.85% Buy > 108 87 100 93 106 31 39 14 YESBANK 207.40 -9.27% Buy > 258 228 250 238 244 15 32 18 ZICOM 151.85 -4.97% Buy > 183 152 183 158 194 31 39 23 Importance of charts
Buy and Sell signals
Rangebound trades, whipsaws and false signals
Support and Resistance levels / targets
Oversold and overbought stocks
Intraday support and resistance levels
----- With due apologies and full credits to vfmdirect.com
Wednesday, 5 March 2008
Stocks on Breakdown
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