ITS A JUNGLE OUT THERE & ITS U WHO S ON THEIR HUNTING RADAR.........................

ITS A JUNGLE OUT THERE & ITS UR MONEY WHICH IS ON HUNT.........................

Saturday, October 30, 2010

THAT was BIG & THAT was QUICK !

Hello friends

STATUARY WARNING
- STOCKS discussed in this post arent invitation to go long or short.

There were disasters all over the world, throughout last 6-7 days. Volcano erupted somewhere, then there some super storms, Few snowfalls etc. Our markets also went through a DISASTER, a STORM, a STORM that was BIG , & that was QUICK. It washed away everything with it.

Sitemeter on my blog suggests, it washed away faith/trust ( in me ) of my blog readers also. But, i am not gonna give up, i am gonna stand tall & straight against every challenge & that too with newer & fresh energy than before. I wud offer more opportunities than earlier to my blog readers to make money through stocks. BUT BUT BUT them all shud be focussed, consistent & disciplined in their trading approach.

NO WONDER, this thunderstorm did not spare me also. I also personally fell to such whipsaws & stucked. Many of my reco's were also stopped out, FEW STANDING TALL, let us see, markets spare them or not.

As always, i wud first discuss my failures.

MY STOPPED OUT TRADES - I have always felt, that something is fishy, that s why in my every post, kept mentioning that please undergo a trade only @ mentioned level or below that. Not above that. B coz, i have been always recommending such a level for trade that loss per trade limits down to less than 2 % per trade.

MY SUCCESSES - GAMMON INDIA, nagarjuna cons, inox, hind motors, castrol idia, elder pharma,


( PLEASE TAKE SUGGESTIONS GIVEN FOR THE STOCK SPECIFICS IN THIS POST AS INDICATION ONLY & WAIT FOR MY NEXT POST WITH PROPER LEVELS ONLY TO INITIATE ANY TRADE )

STOCKS WHICH I THINK ARE, & SHALL STAND TALL- XL tele, JIndal Saw, biocon, titan, hindustan motors, GVK, SUVEN, RICO AUTO, NTPC, united phos, rpower, PTC,

STOCKS THAT WENT INTO BEARISH PHASE - FInancial technology, Pir health, Torrent power, nagarjuna cons, GIPCL ( on break of 110 ), zee tele, elder pharma, zensar tech, torrent power,

STOCK TRADING AT SUPPORT ZONE HAVING MINIMUM RISK & REQUIRES UR KIND IMMEDIATE ATTENTION ON MONDAY ITSELF - GIPCL, UNITY, SATYAM, UNITECH, sterling biotech, Petronet, Hind motors, HOPFL, power grid, gvkpil. mindtree,


STOCKS WHICH ARE TO BE BOUGHT ON DIPS ONLY - Jyoti structures, gspl, jindal saw, dchl, essar oil, r power, icsa,

STOCKS BOTTOMED OUT - NTPC, rpower, GTL, Power grid, r power, icsa,


Stocks in firm bull grip - Idbi, tata power, Hcl tech, unitech, Petronet, sterling biotech, Inox, rei agro, jindal saw, essar oil, power grid, icsa, mind tree,

Stocks which can show wild movement in november ( both sides ) - Tata power.

STOCKS WHICH ARE STILL INTO PUZZLING MODE - Asian paints, Canara bank, castrol, Hopfl, gvkpil, piramal healthcare,

MOST SHOCKING STOP OUT - ALL CARGO,


HEIGHT OF ACCURACY - This is my favourite section, reading this section again & again develops & raises my confidence. Anybody can fall into an impression of blowing my own trumphet, but i think, now the reason has been clarified.

Elder pharma - sl mentioned earlier was 386 ( later modified to 384 ). Tgts were 412-422-429. LOW MADE is 386, high made is 432.

Gammon india - Sl suggested 194, Low made 194. ( SO FAR ).

Nagarjuna Construction - Sl suggested for shorts , above 162. high made 161.05.

Hind motors - Told to buy close to 24.25. Made a low of 24, 4 times till now.

Inox - Asked to buy close to 70.2, made a low of 70.1, 4 times till now.

ALL this is blessings of my SAI. THANKS SAI

THIS DISASTER TAUGHT ME AN IMPORTANT LESSON, lead a drastic change into my analytical side.

I HAVE ADDED FEW MORE FILTERS INTO MY TRADES.

Now onwards my recommendations wud be marked with 3 tags.

RISK GRADE - 1 to 3. 1 Wud be least risky. & 3 wud be Most risky trade.

COMPULSARY MENTION - That whether the trade is for compulsive trader or agressive trader.

Confidence Grade - I wud , now onwards add confidence grade with every recommendation regularly. 1 wud be most confident & 3 wud be least confident.

Due to the changes made in my analytical style, due to some filters added, i think BY BABA's GRACE, my analysis wud be more sharper & accurate than before.

AAMEEN

HAPPY SAILING


TO BE CONTINUED.....................................................................

7 comments:

Unknown said...

sir

What happen to Financial Technologies (India) Ltd. can buy ,As it is near to 52 week low????

rochak parekh said...

dear sunil

i dont know, how did u come to the conclusion that its near its 52 week low, as per my knowledge it has made a new 52 week low ( if u want this only to make as ur reason to buy )

yea, sure, FT can be bought at this stage, but only for few percentage bounce only. Otherwise its a falling knife. I dont deny a bounce upto 1115-40 into that. But that bounce comes immediately or after testing a lots & lots of patience. Cant really say. So, please wait for better signals OR ignore.

Unknown said...

Rochak,
Gr8 post.Hats Off.One has to improve himself always & keep a self checking system always ON.I salute ur approach towards urself as well as readers....BEST LUCK !!!

Siddharth Dhar said...

Dear rochak parekh(rp) Sir..

yes there should be a blog, forum, platform, stage, what ever but it should be for focusing problem related with any company, system, management in front of mass and gathering, with proper guidance of Indian Law.
So many people here gathering from different location, different job profiles with knowledge.
We can set separate blog just like media and place problems in front of mass.
For that we need huge gathering and support from all with their knowledge.

I am with you.

Regards
Siddharth
Jamshedpur
mail.dhar.sid@gmail.com

gopi said...

dear rochakji,

you are doing a very nice job . pl advice me on abb futures i bought at 856 and now at 817 after bad result.

thanks

Rajagopal said...

Hi rp,
Great going mate. Keep it up. I still request you to go for tabular form. Stock,Cash/FO,Buy/Sell call, Entry,SL,Exit - new ones.

Status of already initiated calls.
(Above grid with extension for Achieved,Stopped,Waiting,Close at...).

Your logic for selection can be below the grid for individual items if you want to give.

This will make it easy for people who believe your study to note the script and proceed,without the script getting lost in words.
Hope you will consider.

rochak parekh said...

LATEST POST

New post done

please post ur comments/suggestions/views in new post only