02-Aug-2006 - NoidaToll - Final for the day

ping_manoj · #1 2nd August 2006, 06:47 PM

Bullish Engulf in this one.
Possibily buying opportunity.

MANOJ

kuldeep49 · #2 2nd August 2006, 09:30 PM

Quote:

Originally Posted by ping_manoj

Bullish Engulf in this one.
Possibily buying opportunity.

MANOJ

Manoj,
Speaking from experience and as you can see from the chart, this stock tends to languish and only wake up one a quarter (results time). Having said that, the indications pointed out by you are there ... so an upside of about 5 to 6 rupees may be on the cards.
Cheers
Kuldeep

pranayd · #3 2nd August 2006, 09:52 PM

Moreover, it is still in a downtrend....still forming lower pivot highs. Moreover, volumes were extremely low today (about 93K vs. a 3 month avg. of 760K). Kuch dum nahi lagta hai.

Seniors/ Experts' views please....

Pranay

ping_manoj · #4 4th August 2006, 08:29 AM

NOIDATOLL 5% up, was it locked in upper circuit? Asking because I was not looking at the market yesterday!

Kuldeepji, point taken and accepted humbly.

I do this because I have a firm belief that a stock does not trade in one direction for long. I mean even if a stock was on a down trend it will give a technical bounce before further going down. Similar to, a stock would take a technical dip before continuing its up trend. My efforts are focused on catching these technical dips and bounces and make a quick buck out of it. I call this "the Dip and Bounce theory".
Agreed, it could be risky.

Pranay-Volumes lower would mean the correction in the stock is coming to an end. Thats puerly my view, maybe senior members like saint or Kuldeep can shed some more insightful and experienced light on it.

OK today I'll share a small list of the calls that got generated from my system. Incase it might be useful...

kuldeep49 · #5 4th August 2006, 12:43 PM

Quote:

Originally Posted by ping_manoj

NOIDATOLL 5% up, was it locked in upper circuit? Asking because I was not looking at the market yesterday!

Kuldeepji, point taken and accepted humbly.

I do this because I have a firm belief that a stock does not trade in one direction for long. I mean even if a stock was on a down trend it will give a technical bounce before further going down. Similar to, a stock would take a technical dip before continuing its up trend. My efforts are focused on catching these technical dips and bounces and make a quick buck out of it. I call this "the Dip and Bounce theory".
Agreed, it could be risky.

Pranay-Volumes lower would mean the correction in the stock is coming to an end. Thats puerly my view, maybe senior members like saint or Kuldeep can shed some more insightful and experienced light on it.

OK today I'll share a small list of the calls that got generated from my system. Incase it might be useful...

Hey buddy, no ji please, a simple kuldeep would do fine. By the way, how about giving some details of your trading system.
Cheers
Kuldeep

ping_manoj · #6 4th August 2006, 01:50 PM

Quote:

Originally Posted by kuldeep49

Hey buddy, no ji please, a simple kuldeep would do fine. By the way, how about giving some details of your trading system.
Cheers
Kuldeep

Hi Kuldeep(without "ji")

,
This ones lengthy.....

Firstly a small introduction.
Myself Manoj, Software Engineer by profession.

Got interested in the market 2 years back because of friends. lost a lot of money and then realized there is much more to the market than meets the eyes.

Then I taught myself some amount of technical analysis like CandleStick, MACD, MFI, RSI and so on...
Understood that there are some patterns and indicators that can revel a lot about a stock. Searched for a website which will filter out these specific patterns from the 900 odd scrips traded on the NSE. Unfortunately, could not lay hands on any such resourse(till now). Then I decided I'll make one system of my own. So made this system.
The intention is to help other provide the information which I could not get and made losses. Mine is a web-based system and its free for use. Never-the-less, I'll NOT post the name of the site on this forum, you know why!

I can PM you the name of the site, incase it might interest you, so that you can have a look at it.

What I did was simple, I calculated all the relevent charts for myself. And since I am "calculating" the charts, its easy for me to identify patterns. Once the patterns are identified, I provide them in a menu driven link.

With the world famous charts like MACD, RSI, MFI I also deviced a mechanism to "measure" the trend of a stock. I call this the "Speed Of Trend"(SOT) indicator. The name itself suggests what it does. The SOT gives me a rought target for the stock with the date. My system give a rough estimate as to on which date the stock will become oversold or overbought. When SBI was on 740, my system had said that given it current speed it will reach 840. See it was very close to 840.

Regards

MANOJ

pranayd · #7 4th August 2006, 03:55 PM

Quote:

Originally Posted by ping_manoj

I can PM you the name of the site, incase it might interest you, so that you can have a look at it.

Hi Manoj,

This one's up 5% today too! Yes, it was locked in circuit yesterday too.

Let me take back my words, I am no expert, still at the bottom of the learning curve!

Your system seems interesting, can you share it with me, if you dont mind. Maybe that could convert my balance sheet too!

Cheers,

Pranay

sivavkm · #8 4th August 2006, 07:15 PM

Quote:

Originally Posted by ping_manoj

I can PM you the name of the site, incase it might interest you, so that you can have a look at it.

Dear Manoj,
Really interested, after seeing your excel file & charts. Please share your website address with me also.

Thanks & Regards
Siva

devansh_god · #9 4th August 2006, 07:16 PM

hi manoj

i seem to be intersted in your system...... wud u plssend a link 2 me at devansh_god@*****.com ?

ill b thankful.........

kuldeep49 · #10 4th August 2006, 10:06 PM

Quote:

Originally Posted by ping_manoj

Hi Kuldeep(without "ji")

,
This ones lengthy.....

Firstly a small introduction.
Myself Manoj, Software Engineer by profession.

Got interested in the market 2 years back because of friends. lost a lot of money and then realized there is much more to the market than meets the eyes.

Then I taught myself some amount of technical analysis like CandleStick, MACD, MFI, RSI and so on...
Understood that there are some patterns and indicators that can revel a lot about a stock. Searched for a website which will filter out these specific patterns from the 900 odd scrips traded on the NSE. Unfortunately, could not lay hands on any such resourse(till now). Then I decided I'll make one system of my own. So made this system.
The intention is to help other provide the information which I could not get and made losses. Mine is a web-based system and its free for use. Never-the-less, I'll NOT post the name of the site on this forum, you know why!

I can PM you the name of the site, incase it might interest you, so that you can have a look at it.

What I did was simple, I calculated all the relevent charts for myself. And since I am "calculating" the charts, its easy for me to identify patterns. Once the patterns are identified, I provide them in a menu driven link.

With the world famous charts like MACD, RSI, MFI I also deviced a mechanism to "measure" the trend of a stock. I call this the "Speed Of Trend"(SOT) indicator. The name itself suggests what it does. The SOT gives me a rought target for the stock with the date. My system give a rough estimate as to on which date the stock will become oversold or overbought. When SBI was on 740, my system had said that given it current speed it will reach 840. See it was very close to 840.

Regards

MANOJ

Interesting indeed Manoj. PM me the website ... it would be interesting. From your post, it is clear that the website is merely your tool and that the interpretation is where you score. Nice.

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