Thursday, August 27, 2020

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Stock Selection List Short Term Study (2 Weeks Timeframe) for 27-Aug-20


Since mid of August, I have started doing this as a study so the readers of this blog can learn along with me. I am also giving valuable list of stocks for quick profit. If anyone bought Kiriindus and Trent on the morning of 25th August as they showed up in 24th August list, they would have gotten a profit of 4-6% by evening.

I got inspired for this selection when I once noticed Indigo on daily chart and next day bought its CE at 9 and sold at 18 after few hours. Later traded TNPL, INFIBEAM, DIAMONDYD, JOCIL, BLISSGVS, ATULAUTO, during mid weeks of August and booked about 5% profit in a short time. Every stock may not rise the very next day. But I observed the potential for a rise in the next 10 days, on few stocks over a historical period of five years. Thus I decided to make such list everyday and trade familiar stocks or observe them for building trading watchlists to grow familiarity to trade later.

Today's short term selection list for short term study (2 weeks timeframe). Their performance will be reviewed after 10-Sep.

company symbol  % rise today  today's close price
AMRUTANJAN 1.3 477.1
ASTRAMICRO 6.2 128.8
AVADHSUGAR 4.3 205.2
BFINVEST 7.6 334.8
BSE 4.8 514.6
CENTRUM 18.6 16.6
DBCORP 2 80.7
DBREALTY 9.6 8
DONEAR 4 31.4
FRETAIL 10.8 130.1
GODFRYPHLP 7.9 1035.5
GUJALKALI 9.4 369.9
HBLPOWER 2.7 17.1
KAMATHOTEL 3.7 35.1
KANSAINER 4.6 498.7
KITEX 6.9 114.1
MAANALU 10.7 74.8
MAWANASUG 4.3 31.4
MURUDCERA 7.2 17.9
SIS 3.3 399.1
TAJGVK 8.4 155.9
ZEELEARN 8.6 16.4

Same table as a picture.

Looks like this week was about finance, hotel, bank and sugar stocks. Avadhsugar is in a good trend. I checked it only today end of the day based on it being in the list three days ago but i was late. It went up 4% already. Kitex and Trent in same sector but Trent is a long term stock than Kitex. Dmart showed up in Tuesday list and Fretail today. Fretail (Big Bazaar) has not recovered back to its previous levels. With more unlocking coming up, it might rise more.

Paint stocks are in uptrend this month. But they are not rising much in %. Seeing Zeelearn I remembered Niittech which is a long term stock. Its name changed to COFORGE and looks like it could rise soon.

I bought cineline 10 days ago. The day after it was at 20% UC, and fell almost half way. Since then I watched it rise a little and pullback. Yesterday I decided to give it one day as it was just the 10th day left. It rose 15% today by the close. For long term inoxleisure is preferable in this sector.

Looks like the beaten down stocks which haven't recovered recently are showing up now. So we need to be careful to avoid getting them into long term portfolios (or staying trapped in them due to loss) unless the fundamentals dictate. It also that means after a bad downtrend, we get to see the best stocks in the first month. Those can be taken up for long term or medium. That way I noticed Tatacomm, sunflag, rpglife, niittech, dixon, alkylamine in the first weeks of April. While I have known the last three from a long time and had in my watchlist anyway, so didn't correlate them to this kind of list. Rather i saw Tatacomm, rpglife and sunflag coming per this list and kept under watch only to see Tatacomm rise from 357 (missed buying by having a limit order at 0.5 less price) to 800 recently. Later tried sunflag from 31 to 39.95. It kept rising with breaks though. There is some difference in these sectors. RPGLIFE too I missed to buy for 0.2 difference at my limit order which jumped 4% in a minute before I could alter order, near 275 levels. Missed its rise to 370. Lesson learned, once you decide to buy a stock, don't bargain with limit order. Place a little larger limit if not market order but get in. Little fluctuation is tolerable from the entry point.

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