Tom de mark sequential monitor for nifty50 stocks

No, 8/13 relationship (which is mandatory) is not met.
The stocks which are giving short signals after meeting all qualifiers are hitting stop losses, and the ones we are waiting for long signals (for all qualifiers to come through), are jumping the gun.
Am thinking of going long in Drreddy, may be after it gives a dip (if).

Vivek

Very true sir, but most sell signals worked (atleast gave some profits if not meeting targets) till the UP election results changed the course of market. And buy signals are working very well from beginning.

BTW which site are you using to upload images. I'm trying with both postimage & imgur but not able to upload bigger snapshots like yours.

Thanks

No, 8/13 relationship (which is mandatory) is not met.
The stocks which are giving short signals after meeting all qualifiers are hitting stop losses, and the ones we are waiting for long signals (for all qualifiers to come through), are jumping the gun.
Am thinking of going long in Drreddy, may be after it gives a dip (if).

Vivek

Dr Reddy is an A grade, fairly valued pharma company. It has a dominant presence in very high margin dermatological vertical after Glenmark pharma. So trade like you wish, my point is it can also be a good long term (3 years perspective) bet.

Disclosure: I own the stock.

Finally took longs in DrReddy @ average price of 2722, now time to sit out. Stop loss is at 2448.

Vivek

Sorry for disturbing the thread..

Welcome to the Red star club !!! :clapping:

After Travi, Tuna, Now vivek bhai also joined this "unofficial" red star club. :clap: