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Dev Shah

Dev Shah

Joining Date: 21 Sep , 2012
Last Login: 09:36 PM - 22 Feb , 2013
IP Address of Last Login - 116.203.18xxx
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Reply for: KNOWLEDGE NUGGETS

Dev Shah at 01:16 AM - Feb 14, 2013 ( )

 

Dennis Gartman’s 22 “Rules of Trading

1.Never, under any circumstance add to a losing position.... ever! Nothing more need

be said; to do otherwise will eventually and absolutely lead to ruin!

2.Trade like a mercenary guerrilla. We must fight on the winning side and be willing

to change sides readily when one side has gained the upper hand.

3.Capital comes in two varieties: Mental and that which is in your pocket or account.

Of the two types of capital, the mental is the more important and expensive of the

two. Holding to losing positions costs measurable sums of actual capital, but it

costs immeasurable sums of mental capital.

4.The objective is not to buy low and sell high, but to buy high and to sell higher. We

can never know what price is "low." Nor can we know what price is "high." Always

remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many

times along the way.

5.In bull markets we can only be long or neutral, and in bear markets we can only be

short or neutral. That may seem self-evident; it is not, and it is a lesson learned too

late by far too many.

6."Markets can remain illogical longer than you or I can remain solvent," according

to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are

enormously inefficient despite what the academics believe.

7.Sell markets that show the greatest weakness, and buy those that show the greatest

strength. Metaphorically, when bearish, throw your rocks into the wettest paper

sack, for they break most readily. In bull markets, we need to ride upon the

strongest winds... they shall carry us higher than shall lesser ones.

8.Try to trade the first day of a gap, for gaps usually indicate violent new action. We

have come to respect "gaps" in our nearly thirty years of watching markets; when

they happen (especially in stocks) they are usually very important.

9.Trading runs in cycles: some good; most bad. Trade large and aggressively when

trading well; trade small and modestly when trading poorly. In "good times," even

errors are profitable; in "bad times" even the most well researched trades go awry.

This is the nature of trading; accept it.

10.To trade successfully, think like a fundamentalist; trade like a technician. It is

imperative that we understand the fundamentals driving a trade, but also that we

understand the market's technicals. When we do, then, and only then, can we or

should we, trade.

11.Respect "outside reversals" after extended bull or bear runs. Reversal days on the

charts signal the final exhaustion of the bullish or bearish forces that drove the

market previously. Respect them, and respect even more "weekly" and "monthly,"

reversals.

12.Keep your technical systems simple. Complicated systems breed confusion;

simplicity breeds elegance.

13.Respect and embrace the very normal 50-62% retracements that take prices back

to major trends. If a trade is missed, wait patiently for the market to retrace. Far

more often than not, retracements happen... just as we are about to give up hope

that they shall not.

14.An understanding of mass psychology is often more important than an

understanding of economics. Markets are driven by human beings making human

errors and also making super-human insights.

15.Establish initial positions on strength in bull markets and on weakness in bear

markets. The first "addition" should also be added on strength as the market shows

the trend to be working. Henceforth, subsequent additions are to be added on

retracements.

16.Bear markets are more violent than are bull markets and so also are their

retracements.

17.Be patient with winning trades; be enormously impatient with losing trades.

Remember it is quite possible to make large sums trading/investing if we are

"right" only 30% of the time, as long as our losses are small and our profits are

large.

18.The market is the sum total of the wisdom ... and the ignorance...of all of those

who deal in it; and we dare not argue with the market's wisdom. If we learn

nothing more than this we've learned much indeed.

19.Do more of that which is working and less of that which is not: If a market is

strong, buy more; if a market is weak, sell more. New highs are to be bought; new

lows sold.

20.The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy,

don't. Do the trade that is hard to do and that which the crowd finds objectionable.

Peter Steidelmeyer taught us this twenty-five years ago and it holds truer now than

then.

21.There is never one cockroach! This is the "winning" new rule submitted by our

friend, Tom Powell.

22.All rules are meant to be broken: The trick is knowing when... and how

infrequently this rule may be invoked!

New Thread: HDFC

Dev Shah at 11:21 PM - Feb 13, 2013 ( )

THE COUNTER HAVING KISSED RS.773 LEVELS MOVED OUT OF ITS DOWN TREND CHANNEL. THE CONTER IS NOW FINDING RESISTANCE AROUND RS.821 LEVELS WHICH CONSIDERING TODAY'S CLOSE MIGHT BE BREACHED..... SWING TRADERS CAN TAKE EXPOSURE ONLY ABOVE RS.821 WITH THE CLOSING SL OF RS.805 FOR THE TGT OF RS.840-845 IN SHORT TERM....

Reply for: Dev Advisory

Dev Shah at 11:20 PM - Feb 13, 2013 ( )

THE COUNTER HAVING KISSED RS.773 LEVELS MOVED OUT OF ITS DOWN TREND CHANNEL. THE CONTER IS NOW FINDING RESISTANCE AROUND RS.821 LEVELS WHICH CONSIDERING TODAY'S CLOSE MIGHT BE BREACHED..... SWING TRADERS CAN TAKE EXPOSURE ONLY ABOVE RS.821 WITH THE CLOSING SL OF RS.805 FOR THE TGT OF RS.840-845 IN SHORT TERM....


 

Reply for: Dev Advisory

Dev Shah at 11:03 PM - Feb 13, 2013 ( )

NIFTY UPDATES: NIFTY AS EXPECTED BOUNCED BACK BUT AGAIN FAILED TO SUSTAIN AT HIGHER LEVELS. HOWEVER NIFTY HAS NOW MANAGED TO MOVE OUT OF ITS SHORT TERM DOWNTREND CHANNEL AND MAY SHOW STRENGTH UNLESS AND UNTIL 5880 IS BROKEN. AS TOMORROW BEING THE RESULT OF SBIN, THE MOTHER OF ALL PSUs, MKTS ARE EXPECTED TO BE HIGHLY VOLATILE AND MAY FIND CLEAR DIRECTION ONLY AFTER SBI'S RESULT...... WE REQUEST ALL TO AVOID DAY TRADING TILL SBI NUMBERS ARE ANNOUNCED...

New Thread: SBIN

Dev Shah at 10:58 PM - Feb 12, 2013 ( )

SBIN: THE COUNTER HAS BEEN IN A DOWNTREND AND NOW FINDING SUPPORT AROUND 2270 LEVELS..... ON A DAILY CHART IT IS IN A OVERSOLD ZONE AND FORMED COUPLE OF DOJIs.... WITH MACD SIGNALLING BUY WE MAY WITNESS TECHNICAL BOUNCE BACK UPTO 2325 TO 2330 LEVELS..... TRADERS CAN TAKE EXPOSURE WITH THE STRICT SL OF RS.2270 FOR THE SAID TGTS...



Reply for: Dev Advisory

Dev Shah at 10:57 PM - Feb 12, 2013 ( )

SBIN: THE COUNTER HAS BEEN IN A DOWNTREND AND NOW FINDING SUPPORT AROUND 2270 LEVELS..... ON A DAILY CHART IT IS IN A OVERSOLD ZONE AND FORMED COUPLE OF DOJIs.... WITH MACD SIGNALLING BUY  WE MAY WITNESS TECHNICAL BOUNCE BACK UPTO 2325 TO 2330 LEVELS..... TRADERS CAN TAKE EXPOSURE WITH THE STRICT SL OF RS.2270 FOR THE SAID TGTS...


New Thread: KNOWLEDGE NUGGETS

Dev Shah at 10:44 PM - Feb 12, 2013 ( )

What is Luck & What is Skill in Trading?

Luck is picking the right stock and riding it up for great profits, skill is knowing when to get out and lock in profits.

Luck is returning 20% in one month, skill is returning over 20% a year for 5 straight years.

Luck is making money in a bull market, skill is making money in a bear market.

Luck is making money when the market matches your perma bull ...or perma bear style, skill is making money in both bull and bear markets.

Luck is picking one monster stock, skill is picking three monster stocks back to back.

Luck is having one big bet pay off for huge profits, skill is surviving 200 straight trades and not blowing up your account.

Luck is surviving the market while not knowing what you are doing, skill is acquired after you have done your homework.

So, do you have skills as a trader or have you just been lucky? So far………

Reply for: Nifty Update

Dev Shah at 10:19 PM - Feb 12, 2013 ( )

NIFTY UPDATE: JUST UPDATED YESTERDAY THAT NIFTY HAVING FORMED DOJI CONSOLIDATED AROUND 5880 AREA.... IMMEDIATE RESISTANCE LEVEL IS 5936 AND NIFTY TODAY KISSED 5927 AND MANAGED TO CLOSE NEAR DAY'S HIGH..... LOOKING AT OTHER TECHNICAL INDICAT...ORS WE BELIEVE MARKETS MAY MOVE HIGHER ...... 5953 LEVEL WE THINK MAY CHANGE THE TREND..... CLOSE ABOVE 5953 WILL GIVE BULLS UPPER HANDS .... SHORTS MUST BE EXITED IF NIFTY CLOSES ABVOVE 5953....... STILL STOCK SELECTION WILL BE THE TOUGH CHALLENGE AS WE ARE NOT WITNESSING BROAD BASED RALLY.......


Reply for: Dev Advisory

Dev Shah at 10:16 PM - Feb 12, 2013 ( )

NIFTY UPDATE: JUST UPDATED YESTERDAY THAT NIFTY HAVING FORMED DOJI CONSOLIDATED AROUND 5880 AREA.... IMMEDIATE RESISTANCE LEVEL IS 5936 AND NIFTY TODAY KISSED 5927 AND MANAGED TO CLOSE NEAR DAY'S HIGH..... LOOKING AT OTHER TECHNICAL INDICAT...ORS WE BELIEVE MARKETS MAY MOVE HIGHER ...... 5953 LEVEL WE THINK MAY CHANGE THE TREND..... CLOSE ABOVE 5953 WILL GIVE BULLS UPPER HANDS .... SHORTS MUST BE EXITED IF NIFTY CLOSES ABVOVE 5953....... STILL STOCK SELECTION WILL BE THE TOUGH CHALLENGE AS WE ARE NOT WITNESSING BROAD BASED RALLY.......

 



New Thread: INDUS IND BANK

Dev Shah at 09:50 PM - Feb 12, 2013 ( )

OUR DARLING STOCK IS STILL IN A UPTREND. HAVING KISSED RS.417 LEVELS DURING RECENT PAST THE DARLING QUICKLY RECOVERED. THE COUNTER IS FINDING RESISTANCE AROUND RS.444 LEVELS... ANY CLOSE ABOVE THE SAID LEVEL WILL LEAD THE COUNTER TO KISS RS.460 TO RS.470 LEVELS..... POSITIONAL TRADERS CAN KEEP THE CLOSING SL OF RS.424.....

 




Reply for: Dev Advisory

Dev Shah at 09:48 PM - Feb 12, 2013 ( )

OUR DARLING STOCK IS STILL IN A UPTREND. HAVING KISSED RS.417 LEVELS DURING RECENT PAST THE DARLING QUICKLY RECOVERED. THE COUNTER IS FINDING RESISTANCE AROUND RS.444 LEVELS... ANY CLOSE ABOVE THE SAID LEVEL WILL LEAD THE COUNTER TO KISS RS.460 TO RS.470 LEVELS..... POSITIONAL TRADERS CAN KEEP THE CLOSING SL OF RS.424.....

Reply for: Dev Advisory

Dev Shah at 05:22 PM - Feb 12, 2013 ( )

@ Leena Sebas ya its Bearish Engulfuing pattern..... What ever money must flow..... And thanks for reading carefully... Laughing

New Thread: Nifty Update

Dev Shah at 12:48 AM - Feb 12, 2013 ( )

NIFTY UPDATES: ON A DAILY CHART NIFTY IS IN A OVERSOLD ZONE..... HAVING FORMED DOJI NIFTY IS NOW FINDING SUPPORT IN 588O ZONE..... IMMEDIATE SUPPORT FOR NIFTY IS 5860 AND STRONG SUPPORT IN 5820 AREA...... NIFTY IF SUSTAINS ABOVE 5860 CAN KISS 5935 AREA..... 5953 IS NOW GOING TO ACT AS STIFF RESISTANCE...... CONSECUTIVE CLOSES ABOVE 5953 MAY LEAD FRESH RALLY IN MKTS.......


 

Reply for: Dev Advisory

Dev Shah at 12:46 AM - Feb 12, 2013 ( )

NIFTY UPDATES: ON A DAILY CHART NIFTY IS IN A OVERSOLD ZONE..... HAVING FORMED DOJI NIFTY IS NOW FINDING SUPPORT IN 588O ZONE..... IMMEDIATE SUPPORT FOR NIFTY IS 5860 AND STRONG SUPPORT IN 5820 AREA...... NIFTY IF SUSTAINS ABOVE 5860 CAN KISS 5935 AREA..... 5953 IS NOW GOING TO ACT AS STIFF RESISTANCE...... CONSECUTIVE CLOSES ABOVE 5953 MAY LEAD FRESH RALLY IN MKTS.......



Reply for: Dev Advisory

Dev Shah at 08:40 PM - Feb 08, 2013 ( )

HEROMOTOCO: The counter has been in a downtrend. Now it has formed a strong bearish Dark Cloud Cover Candle on a week


ly chart and has given consecutive closes below its long term support line...... We believe it can kiss Rs.1550-1500 levels in a short term to medium term...... Short position can be initiated with the closing Sl of Rs.1823

Reply for: Dev Advisory

Dev Shah at 07:22 PM - Feb 08, 2013 ( )

Dr. Reddy decent profit earned today .... Cool

Reply for: Dev Advisory

Dev Shah at 08:30 PM - Feb 07, 2013 ( )

Thanks  Laughing

Reply for: SBIN

Dev Shah at 08:26 PM - Feb 05, 2013 ( )

Dabur India: The counter is successfully holding its 20 Days EMA. During recent past it has managed to give consecutive closes above Rs.133.......We recommend to Buy the counter with the closing Sl of Rs.131 for the TGT of Rs.138-140 in short term.

Reply for: SBIN

Dev Shah at 09:39 PM - Feb 04, 2013 ( )

CNX FMCG: THE INDEX IS IN A UPTREND AND TRADING WELL ABOVE ITS RESISTANCE ZONE OF 15070..... WE BELIEVE IT CAN GO UPTO 15500-15600 LEVELS..... FOCUS ON DEAD CAT HUL....


Reply for: SBIN

Dev Shah at 09:27 PM - Feb 04, 2013 ( )

SBI 2350 done.... Laughing

Reply for: SBIN

Dev Shah at 04:03 PM - Feb 04, 2013 ( )

Good shorting opportunities given by mkts today early morning.... Shorted SBI and Nifty and made healthy profits.... :) Those who traded on the basis of overnight US Mkts must have been trapped......

Reply for: SBIN

Dev Shah at 05:06 PM - Feb 03, 2013 ( )

Ya it looks weak.....

Reply for: SBIN

Dev Shah at 04:49 PM - Feb 03, 2013 ( )

The counter is forming Three White Soldiers Candlestick Pattern on a daily chart...... We believe the counter may show strength in near term... Recommend Buy around Rs.41.5 with the closing Sl of Rs.39 TGT Rs.46-48

New Thread: Nifty Update

Dev Shah at 04:43 PM - Feb 03, 2013 ( )




Reply for: SBIN

Dev Shah at 04:41 PM - Feb 03, 2013 ( )

On a weekly chart we can see the Hanging Man, Candlestick pattern...Further Nifty has broken short term uptrend trend line both on Daily as well as Weekly charts...... Immediate Support exists at 5960 and 5930 levels....... Resitance is now placed at 6023-6065 levels......... Short Term Trend is Bearish....

New Thread: SBIN

Dev Shah at 04:34 PM - Feb 03, 2013 ( )

The counter is really struglling to sustain at Higher levels. The counter has lost its 20 Day EMA.... On a weekly chart too it formed strong Bearish Candle preceded by couple of Dojis at Higher levels...... As of now its look weak unl...ess and until the counter gives convincing close above Rs.2485 levels..... On downside Rs.2350 is the storng support...... Short Position can be initiated with the Closing Sl of Rs.2484......


New Thread: Hind Zinc

Dev Shah at 04:36 PM - Dec 16, 2012 ( )

Hind Zinc is attracting volumes and we believe that it is forming Ascending Triangle Pattern on  a daily chart. Recommend Buy with the closing SL of Rs.139 for the TGTs of Rs.152-155

New Thread: Sesa Goa

Dev Shah at 04:32 PM - Dec 16, 2012 ( )

Sesa Goa, Dead Cat, Bounce Back?.... The counter is witnessing higher than average volumes during recent past and has formed almost Piericing Line, a Bullish Reversal, Pattern on a Daily Chart. Now the only hurdle is around Rs.194 levels. Two or more consecutive closes above Rs.195 levels and rally upto Rs.215-Rs.222 Levels cant be ruled out...We recommend Buy around Rs.188 with the closing SL of Rs.178 for the TGTs of Rs.222.

New Thread: MBSwitch

Dev Shah at 01:13 AM - Oct 09, 2012 ( )

Buy with the SL of Rs.135 TGT Rs.180-195. Last close is Rs.156

New Thread: Buy TIL for Short term

Dev Shah at 03:32 PM - Oct 02, 2012 ( )

Buy TIL CMP Rs.226.65 SL Rs.212 TGT Rs.240-260

New Thread: Tatamotor DVR

Dev Shah at 03:29 PM - Oct 02, 2012 ( )

The counter has given very powerful break out on Daily chart today...... We believe the counter must kiss 173-190 levels in a very short term. Reasonable SL is around Rs.159 levels and last close Rs.165.5

New Thread: Lupin Ready for new 52 Week High?

Dev Shah at 12:55 AM - Sep 28, 2012 ( )

Lupin broke its uptrend channel but recovered very fast and moved back to the same with volumes. Technically we believe this is a very bullish sign and the counter may post new 52 week high in a very short span of time. Recommend to Buy at current level of  Rs.596 SL Rs.570 TGT Rs.635-650

New Thread: Cummins

Dev Shah at 11:41 PM - Sep 26, 2012 ( )

The counter today has given a very powerful breakout on Daily chart with huge surge in volumes and close above its Golden Ratio. We advise to Buy the coutner for short term with the SL of Rs.490 TGT 522-525 LTP Rs.503... If sustains above Rs.522 levels then rally uptp Rs.575 levels cant be ruled out.

New Thread: BHEL . Too hot for swing Traders

Dev Shah at 12:12 AM - Sep 26, 2012 ( )

The counter formed double bottom around Rs.197 levels and succesfully broke its Neckline around Rs.236-237 levels. The increased volumes too confirm the breakout. We expect that the counter can kiss Rs.285 levels in short term. Minor hurdle around Rs.275 levels.

New Thread: M&M Daily

Dev Shah at 12:48 AM - Sep 25, 2012 ( )

The counter has given very powerful breakout on daily chart. We expect the counter to kiss 900 levels too soon. Reasonable SL is around 820 levels.

New Thread: JSW Energy- Three White Soldiers

Dev Shah at 11:51 PM - Sep 23, 2012 ( )

JSW Energy Three White Soldiers : The Counter has formed Three White Soldiers Candle Stick Pattern on Weekly chart which is a very reliable Bullish Pattern. Technically we recommend to Buy with SL of 52 for the TGT of Rs.57-62

New Thread: Nifty Weekly

Dev Shah at 09:19 PM - Sep 22, 2012 ( )

Nifty has formed double bottom around 4530 levels and Neckline at 5400 levels has broken. Now we think Nifty is heading towards 6200 levels

New Thread: Ada

Dev Shah at 05:41 PM - Sep 22, 2012 ( )



New Thread: SCI

Dev Shah at 11:03 PM - Sep 21, 2012 ( )

SCI is looking very hot for the short term. Buy at current levels with the SL of Rs.53 for the TGT of Rs.62-95 Cool

Threads by Dev Shah
TitleDate
HDFC [1 ] HDFC 13 Feb, 2013
SBIN [1 ] Technical Calls 12 Feb, 2013
KNOWLEDGE NUGGETS [3 ] General Discussion 12 Feb, 2013
INDUS IND BANK [1 ] Technical Calls 12 Feb, 2013
Nifty Update [2 ] Technical Calls 12 Feb, 2013
Nifty Update [1 ] Technical Calls 03 Feb, 2013
SBIN [10 ] Technical Calls 03 Feb, 2013
Hind Zinc [1 ] Technical Calls 16 Dec, 2012
Sesa Goa [1 ] Sesa Goa Ltd. 16 Dec, 2012
MBSwitch [9 ] Technical Calls 09 Oct, 2012
Buy TIL for Short term [1 ] TIL LTD. 02 Oct, 2012
Tatamotor DVR [2 ] Tata Motors Ltd. 02 Oct, 2012
Lupin Ready for new 52 Week High? [2 ] Lupin Ltd. 28 Sep, 2012
Cummins [2 ] Cummins India Ltd. 26 Sep, 2012
BHEL . Too hot for swing Traders [2 ] Bharat Heavy Electricals 26 Sep, 2012
M&M Daily [4 ] Mahindra & Mahindra Ltd. 25 Sep, 2012
JSW Energy- Three White Soldiers [6 ] Technical Calls 23 Sep, 2012
Nifty Weekly [1 ] Market Outlook 22 Sep, 2012
Ada [7 ] ADANI ENTERPRISES LTD. 22 Sep, 2012
SCI [5 ] Shipping Corpn Of India Ltd. 21 Sep, 2012
Nifty [1 ] Futures & Options 21 Sep, 2012
1 to 21 of 21<< Previous Next >>

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