My Strategy for 5 stocks in my portfolio

Raymond

1.       The ADX has started declining.

2.       The stock is still below 20 DMA. Can be closed after 20 DMA is crossed, as in past it has received resistance at 20 DMA.

3.       IKH – just touched the 9d conversion.

4.       PSAR still RED

5.       Stochastic / RSI – showing it’s oversold. No divergences.

6.       OBV Positive Divergence (fig below).

Conclusion: HOLD until 20 DMA and PSAR.

1.       It is likely to go up on the basis of OBV divergence, ADX declining.

2.       May have resistance at 20 DMA. So let’s hold and see what happens until 20 DMA, IKH, PSAR.

IDEA

This was short-SOLD on 28^th June, when nifty was 100 points up but the stock wasn’t breaking 141. At the last hour it broke and closed lil higher (just 50 paise). As per price action now and observed on 28^th June, it’s bearish.

I have done this trade on RSI Negative Divergence (Blue Lines). However, note that there is OBV breakout (Red Lines). ADX is flat above 25 with +DMI though. Price above 20 DMA.

IKH Doesn’t support SHORTING at all.  PSAR GREEN.

OBV and RSI -

MACD Negative Divergence -

Conclusion:

Tried to catch the move ahead in time. This is RISKY. Hold until 151 or sell whenever you get first opportunity. It can retrace but may not be a HUGE downfall.

Siemens

ADX reversing though above 20.

Crossed BB, but closed below 20 DMA.

CCI Positive Divergence

IKH – in cloud now going up. The high has crossed the cloud.

MACD going up. See the Kishore’s idea of histogram cross. This was exit point of short trade, it may reverse.

 OBV Divergence. However note the past divergence, it doesn’t confirm this OBV divergence works. Study OBV divergence topic more carefully.

PSAR GREEN

Conclusion :

See on Monday, and if this goes up – EXIT from this stock. Can’t wait.

Tech Mahindra

A clear W

The black candle is within white one

ADX 20+ and rising. It was 2 weeks under 20, so explosive.

Way above 20 DMA, so may retrace.

IKH supporting BUY

MACD Supporting

PSAR GREEN

RSI/Stoch Overbought but ADX is 20+ so don’t worry for RSI. May retrace but it’s alright. Volume of black candle is very low.

Conclusion: This stock may give us good return. So hold, we will revisit the technicals again.

McDowell-N

Broken down on huge volume

The long legged black candle is something which is a cause of worry, but it’s closed below the support.

Ideal ADX for shorting -

BB – way below the 20 DMA and on lower BB

IKH – the leg has come down of cloud. The candle is in cloud.

MACD – ideal – crossing 0 line, and signal line is about to break ZERO as well.

Additional info – In general – keep eye on momentum divergence. See, how it was weakening and then it hit TOP and started going down. This could have been shorted right there. Never mind, it still looks a good short.

PSAR RED

RSI and Stoch show oversold, but doesn’t matter – ADX is too promising!

Conclusion: This will give good money in short. Hold and revisit technical.