Rocket Stocks for Swing and Positional

[sanju005ind]

Positional : On the Monthly chart Dr Reddy's has made a new high in the MACD over the last 3 yrs.However RSI has not yet.We may get dip in this month to buy.

 

[sanju005ind]

Swing Idea : Another stock which I have been watching daily came up in the both the scanners now.This too is in the IT sector.Mphasis.
View attachment 33071

Update on Swing trade.
Mphasis after testing the 200 EMA now marching up.200 EMA is a low risk entry.

 

[prabhsingh]

Not sure why you using 200EMA and not 200MA because what i have observed is that most successful traders make use of EMA for shorter duration and MA for longer timeframe.So for e.g,20EMA and then we have 100MA,200MA etc.Just my thoughts.

 

[sanju005ind]

Not sure why you using 200EMA and not 200MA because what i have observed is that most successful traders make use of EMA for shorter duration and MA for longer timeframe.So for e.g,20EMA and then we have 100MA,200MA etc.Just my thoughts.

Just to giving weightage to recent price than price a year ago.Comfortable with that.Even on intrady 5 min chart I use the same 200 EMA.Seen that price is reacting near those levels.Even in commodity.

 

[sanju005ind]

Swing Idea : Have created a search criteria for stocks closing above 2.5 StDev on the upper bollinger on the daily chart.
Search Link : https://chartink.com/screener/upper-bollinger-close.
My observation Stocks that close above the upper bollinger slightly shows sign of strength.If they close way past the 2.5 Stdev then it retraces and then resumes the trend. For this criteria I have found HCLTECH and MGL. MGL was already above the 200 EMA and was consolidating.
HCLTech also has MACD crossover above the zero line.

Note : This is another idea I wanted to test.Hence not trading it.

View attachment 33050
View attachment 33051

Swing Update : MGL moved nicely after retracement as I mentioned earlier.The next day it opened beyond StDev 2.5 which is not sustainable.Hence had to retrace.Now it is showing sign of strength.

 

[sanju005ind]

Sing Idea Update :Though HCLTech moved on without testing the 200 EMA after break Infatel has tested and held the 200 EMA on the daily chart.Infratel can be used for swing and intraday in the direction of the trend.

View attachment 33156
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Swing Update : Infratel After testing the 200 EMA around 288 for 4 days.It zoomed up and closed above the 300 round number.

 

[sanju005ind]

Swing Update : Infratel After testing the 200 EMA around 288 for 4 days.It zoomed up and closed above the 300 round number.
View attachment 33246

Infratel Up by

 

[neophyte16]

Hi Sanju,

First of all, thanks a lot for sharing all this wonderful knowledge and educating everyone. Really appreciate your effort.
I was just trying to filter the stocks through your method and came up with Divis lab for monthly.

Went on to do FA and most of the things look good though, there were a couple of red flags found:
- Negative Debt Equity ratio
- Decline in Revenue, Profits, EPS and Free Cash Flow on an annual basis (Although the company has returned better figures from the last 2 quarters)

Will be great if you can advise and suggest if the analysis needs to be improved.

Regards,

 

[sanju005ind]

Hi Sanju,

First of all, thanks a lot for sharing all this wonderful knowledge and educating everyone. Really appreciate your effort.
I was just trying to filter the stocks through your method and came up with Divis lab for monthly.

View attachment 33298

Went on to do FA and most of the things look good though, there were a couple of red flags found:
- Negative Debt Equity ratio
- Decline in Revenue, Profits, EPS and Free Cash Flow on an annual basis (Although the company has returned better figures from the last 2 quarters)

Will be great if you can advise and suggest if the analysis needs to be improved.

Regards,

MACD has made a new high so I would be bullish on this one.Yes looks they are reducing their borrowings from the following screenshots.

 

[iwillwin]

Swing Update : MGL moved nicely after retracement as I mentioned earlier.The next day it opened beyond StDev 2.5 which is not sustainable.Hence had to retrace.Now it is showing sign of strength.
View attachment 33175

Mgl and igl are good stocks to tap city has distribution story.... going fwd gas will play a major role in transportation....this will also help reduce our dependence on crude import