New Intermed Uptrend!!

[Saint]

Karuna

I am averse to predicting targets. I always found predicting target a dicey affair. If you insist the immediate target would 110. Why not try to get the maximum by trail stopping?

regards

Karthik

Well said,Karthik..............best to get as much as possible by trail stopping,and getting out when taken out.

All the best!
Saint

 

[jraj]

Hi Jay Raj,

Every trade has to have a PLAN B before you enter it.We all hope that the trade goes in our favour.But if it doesn't,well,that's what stops are for.......I notice that you are getting into trades and not having stops in place.And that is dangerous ,my friend,very dangerous,..............to have your capital cut by half is sad,but to have your psyche cut in two is agonising.So please ,please...........not only is it important to choose which stock to enter.More important is figuring out PLAN B.And the discipline to adhere to the plan if things don't go your way.

ISPAT INDS :This one's in a strong downtrend.Trying to catch it is like catching a falling knife.Buying at 19 was guesswork,my friend........all I can tell you is to sell off on a rally.

SAIL :SAIL is looking like a double top,which is bearish.Confirmation is if we get a close below 47.So,keep the stop loss at 47..........get out if this breaks 47.

TISCO :Same as above............get out if it cracks 330.

KARNATAKA BANK :Again,your entry point is a problem.You are buying after a run up..........basically you end up buying when pro's are thinking of or already selling.Karnataka Bank looks better than the others,so far.If it breaks 90,get out.........This may breakout and go on to 200,but take no more pain ...if it cracks 90,get out!

All the very best!!
Happy Trading!
Saint

ps:Time to start your education...........let trading take a back seat for a period while you educate yourself .Hope you don't mind this advice........just looking out for you!!Good Luck!

Hi Saint,

I agree with you and am taking your advice.I hope you would help me whenever help is required.Thanks a lot for advising me abt the stocks that I had asked.

Thanks also for your kind advice.

Sincerely,
JayRaj

 

[Dhanya]

Hi Saint,

I was going through all your articles in this thread,especially the ones where you talk on the various patterns.Excellent.Please also,if you find the time,please explain regarding gaps.

Thx in advance

Dhanya

Hi Saint,

Hope you haven't forgotten about me..............

Dhanya

 

[Anupama Singh]

Hi Saint,

Wishing you a very Happy and Prosperous Deepavali .Sorry for the belated good wishes.Was outstation for a while.....

Regards,
Anu

 

[Saint]

Hi Saint,

Wishing you a very Happy and Prosperous Deepavali .Sorry for the belated good wishes.Was outstation for a while.....

Regards,
Anu

Hi Anupama,

Good wishes are never belated..............thank you,and hope you had a great Deepavali yourself.Wishing you and your family all the happiness and prosperity in the coming year.

Saint

 

[Saint]

Hi Saint,

I agree with you and am taking your advice.I hope you would help me whenever help is required.Thanks a lot for advising me abt the stocks that I had asked.

Thanks also for your kind advice.

Sincerely,
JayRaj

Hi Jay Raj,

Most welcome..............and shall definitely be of help whenever required.

All the best!

Saint

 

[Saint]

Hi Saint,

Hope you haven't forgotten about me..............

Dhanya

Hi Dhanya,

Was caught up in quite a few things.........shall do so in the next 1-2 days.

Saint

 

[Dhanya]

Hi Dhanya,

Was caught up in quite a few things.........shall do so in the next 1-2 days.

Saint

No problem,Saint.Thanks in advance.Am I pushing my luck if I were to ask you to teach about double tops/bottoms and head and shoulders as well? ===Only if you find the time===

Sincerely,
Dhanya

 

[oldmirage]

Good rally in last two days after a long weekend. Hope everyone is biting a piece of it.
can someone suggest me some good counter for intermediate ( 6 to 12 months) term ?
Short term suggetions are welcomed too. Please provide your reasons as I am trying to learn based on charts.

 

[Saint]

No problem,Saint.Thanks in advance.Am I pushing my luck if I were to ask you to teach about double tops/bottoms and head and shoulders as well? ===Only if you find the time===

Sincerely,
Dhanya

Actually had posted them quite a while back............shall re-post it again.

Saint