i want to say something abt sqrtex.
fundamentally its a good stock.i love it.but we want profit.If we stuck with it for 2,3 month i think it will not give so much profit.But if we take some trick it will be a good stock for us.I have applied this and got profit everytime.
First to say about TA on it.several times it crossed bollinger band but it could not hold its strenth .Why???
because it crosses the band when it is in wide range.I want to say that it starts to move before the bollinger band squeezes.If a stock crosses bollinger band after squeezing we can get a very good profit .so observing bb cross for this stock we will not get profit.
Now come to them who uses EMA crossing over.Have you observed?after crossing over it cannot hold its strength.So seeing this crossing we cannot get profit.Actually by this technique we will loose for this stock.
then how will trade with this stock?just try to buy when it is below 120tk.then when it moves 7 to 8 tk in one day sell some portion of your stock on that day.And 2 third sell on the next day.And rest of the stock sell after that day.Then the stock will again come to its origin.
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Thursday, July 24, 2008
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