NooBs Trading Step into Wild Market

frisky

frisky

Member
#31
#31
Stock Selection Analysis - 20-Mar-17

STAR - Its the same routine style, a pullback is happening , at support there is high volume candle with good solid green bar, likely to move up , but since it is STAR, I am not sure due to the uncertainty of Pharma stocks and its previous history suggests there are feeble chances to have two green candles in a row, but it can be added to watchlist , if HIGH is broken, BUY




IDBI - A good retracement to 50 Fib zone and support level, a high volume DOJI formation, having big indecision, Its a High wave candle - so can be added to watchlist , if HIGH broken - BUY


 
frisky

frisky

Member
#32
#32
frisky said:
Stock Selection Analysis - 20-Mar-17

STAR - Its the same routine style, a pullback is happening , at support there is high volume candle with good solid green bar, likely to move up , but since it is STAR, I am not sure due to the uncertainty of Pharma stocks and its previous history suggests there are feeble chances to have two green candles in a row, but it can be added to watchlist , if HIGH is broken, BUY


IDBI - A good retracement to 50 Fib zone and support level, a high volume DOJI formation, having big indecision, Its a High wave candle - so can be added to watchlist , if HIGH broken - BUY
Click to expand...

Update:

STAR - Gapped Up and faded back downwards without even breaking 1st minute candle, no trade triggered.



IDBI - Formation of an INSIDE BAR today, still the view is bullish, this can lead to break out, the same can be continued on watchlist for tomorrow as well.


 
frisky

frisky

Member
#33
#33
Stock Selection Analysis - 21-Mar-17

GLENMARK - Since it is Pharma stock, this has huge suspicion factor of what is presently happening with Pharma sector. But technically, the candle shows the required bullish formation with huge volume factor, but not at support though. It can be treated as a valid trade if HIGH is broken and thereafter trail the SL.





 
frisky

frisky

Member
#34
#34
frisky said:
Stock Selection Analysis - 21-Mar-17

GLENMARK - Since it is Pharma stock, this has huge suspicion factor of what is presently happening with Pharma sector. But technically, the candle shows the required bullish formation with huge volume factor, but not at support though. It can be treated as a valid trade if HIGH is broken and thereafter trail the SL.
Click to expand...
Update :

Stock didn't break the high of previous day , hence no trigger of trade, but it still has shown bullish candle pattern, can be transferred to tomorrow watchlist again.


 
frisky

frisky

Member
#35
#35
Stock Selection Analysis - 22-Mar-17

AMARAJBAT - A series of high volume candles at support zone, possible accumulation of stock by institutions with a mega volume green bar at the near end of trendline break, now it is having a pullback as in gearing up forward to the upside movement possibly with a good volume candle today. It can climb to levels of 928.



CAIRN - It is already in an uptrend. It is a bit confusing though , the present pattern can be either considered as ASCENDING TRIANGLE, need further confirmation though OR this can be an even distribution zone for institutions. Today had a good volume green candle. It can climb a little or break out. HIGH needs to be broken for taking trade.



A Small update to CAIRN ( Updated this content after publishing the earlier analysis) - It is distribution in my view, the final DOJI candle at resistance has greater volume than any other days ,meaning offloading has taken place already , so it has to be distribution, one move up and then it can nose dive possibly. We also can see Triple top at resistance, and only time will tell remaining move.




CONCOR - Major trend is UPTREND with a pullback to support zone, it is evident with a bullish candle pattern over a high volume along the trend line. Can climb further to 1325 and HIGH needs to be broken for intraday trades

 
Last edited:
frisky

frisky

Member
#36
#36
frisky said:
Stock Selection Analysis - 22-Mar-17

AMARAJBAT - A series of high volume candles at support zone, possible accumulation of stock by institutions with a mega volume green bar at the near end of trendline break, now it is having a pullback as in gearing up forward to the upside movement possibly with a good volume candle today. It can climb to levels of 928.


CAIRN - It is already in an uptrend. It is a bit confusing though , the present pattern can be either considered as ASCENDING TRIANGLE, need further confirmation though OR this can be an even distribution zone for institutions. Today had a good volume green candle. It can climb a little or break out. HIGH needs to be broken for taking trade.


A Small update to CAIRN ( Updated this content after publishing the earlier analysis) - It is distribution in my view, the final DOJI candle at resistance has greater volume than any other days ,meaning offloading has taken place already , so it has to be distribution, one move up and then it can nose dive possibly. We also can see Triple top at resistance, and only time will tell remaining move.



CONCOR - Major trend is UPTREND with a pullback to support zone, it is evident with a bullish candle pattern over a high volume along the trend line. Can climb further to 1325 and HIGH needs to be broken for intraday trades
Click to expand...
Update - ( doing from mobile, so no screen shot)

AMARAJBAT - had a good move intraday

CAIRN - had an interesting day, it did move good for intraday upwards, but today had the highest volume at the end of day forming Doji.. This represents the heavy offloading of institutions with the help of positive news on this stock today. Soon it can ride down anytime. Keep watching this stock for heavy shorting soon.

CONCOR - it moved little bit to upside and came down at the end.

Note : can't do analysis for tomorrow, as I am away
 
frisky

frisky

Member
#37
#37
Stock Selection Analysis - 24-Mar-17

GRASIM - The solid red candle bar would have further momentum to downside atleast for some time, a small follow through can happen, if at all it is pullback, it may go upto 1036 possibly. Break of low and SHORT it.




SINTEX - Today the price tried to take out the HIGH , but apparently it got rejected , a huge volume candle with bears taking over bulls, so most probable scenario is for it to travel south , so break of LOW, it is opportunity for SHORTING.

 
frisky

frisky

Member
#38
#38
WEEKLY STOCK SELECTION ANALYSIS - 4th Week March 2017

IDEA - weekly support has been broken and the possible next target could be back to where it all started - around 70, but telecom stocks are uncertain at this juncture as it is having heavy fluctuations around, but technically it has to move downwards with the heavy volume present on this red candle. (SHORTING), need to look in.



KSCL - KSCL had 4 weeks of upmove candle, as per Fib number 1,1,2,3,5 - It is likely to have 5 upmove candles altogether and 4th candle had the breakout from resistance. So it is a potential candidate to BUY.



ORIENTBANK - Even though it had the resistance breakout , it is likely to have a mini pullback before it is headed upwards , so have this on watchlist, if it goes upwards, its a BUY until next resistance level.

 
frisky

frisky

Member
#39
#39
frisky said:
Stock Selection Analysis - 24-Mar-17

GRASIM - The solid red candle bar would have further momentum to downside atleast for some time, a small follow through can happen, if at all it is pullback, it may go upto 1036 possibly. Break of low and SHORT it.


SINTEX - Today the price tried to take out the HIGH , but apparently it got rejected , a huge volume candle with bears taking over bulls, so most probable scenario is for it to travel south , so break of LOW, it is opportunity for SHORTING.
Click to expand...
Update:

GRASIM - Had a little down move, trailing SL would give little profit.



SINTEX - Exploded to upside to high point, didn't even touch low of yesterday candle. No trade executed.

 
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