New Intermed Uptrend!!

[prasad_ashish]

Hi Saint,
I have couple of penny stocks, which I bought on some of this forum's genuine recommandation. Currently I am in huge loss in these penny stocks.
These stocks are

Ajay Soya - bought 500 @ 15 CMP 7.30
SYSCHEM INDIA - bought 1000 @ 6 CMP 3.27
Parekh Platinum - bought 500 @ 12.80 CMP 9.10

Now market is climbing everyday, but there is no movement in these stocks. I have been holding these stocks from last 4-5 months. Pls suggest me if these stocks are sell or hold in this scenario.
I have always honoured your valuable suggestions.

Regards
Ashish

 

[ashutosh agarkar]

Hi everyone,
Noticed that quite a few stocks have started a new move upward as per weekly charts.......some of them of the very many are:

1.ABB----neat breakout from an ascending triangle,closed the week strong.
2.BEML---nice pullback on the weekly and looking set to resume upwardly dir.
3.SESA GOA--pullback lasting 5months,this week put up a neat wide range
bar,ended strong for the week with increased vol.
4.GUJ NRE COKE--a wide range weekly bar 3 weeks ago has announced the
change in trend in this stock,followed by 2 weeks of
consolidation.
5.POLYPLEX CORP--higher pivots on the weekly followed by a breakout with
increased volume.
6.DIVIS LABS---again higher pivot lows on weekly,and heading higher.
7.EID PARRY---weekly breakout on high volume to new highs.
8.ELDER PHARMA---weekly breakout on high vol.
9.IVRCL---looks set to breakout to a new high ,and continue its upward trend
10.J&K BANK--after 6 months sideways,it put up a wide range bar with high
vol,closing above the range.
11.UTI BANK--looks set to breakout to new highs.
12.UNION BANK---higher pivot lows on the weekly.
13.JAIPRAKASH ASSOC--higher pivot lows
14.PNB--higher pivotlows.
15.TATA TELE---breakaway gap followed by a pullback on the daily,looking
higher.
16.AVENTIS PHARM--spent all of this year sideways,forming an ascending
triangle on the weekly.
17.JINDAL STEEL POWER---taking out previous pivot highs on the weekly,and
looking to start a new uptrend.
18.MID-DAY MULTIMEDIA--breakout from a range followed by a pullback,looks
higher.
19.MUKAND LTD--higher pivot lows on daily.
20.NTPC--taking out previous pivot highs on the weekly
21.SONATA SOFTWARE--nice consolidation and threatening to break to new
highs

Sincerely,
Saint.

hi im new here & would like to know ur views on hcl tech.is this the time to sell it?

 

[Saint]

Hope you are well. Need your clarity to look at the current chart formation in BSE and NIFTY. Are we at a double top currently?

Your inputs will be useful.

thanks n regards
Kishore

Hi Kishore,

Could be,may not be,my friend...........we need to turn around here,raising the possibility of a top.Still not a definite top till the collapse breaks 2314 on the Nifty.We are far from that area for now..........so only time can tellus if this is going to be a double top.

Happy Trading!
Saint

 

[Saint]

Hi Saint,
I have couple of penny stocks, which I bought on some of this forum's genuine recommandation. Currently I am in huge loss in these penny stocks.
These stocks are

Ajay Soya - bought 500 @ 15 CMP 7.30
SYSCHEM INDIA - bought 1000 @ 6 CMP 3.27
Parekh Platinum - bought 500 @ 12.80 CMP 9.10

Now market is climbing everyday, but there is no movement in these stocks. I have been holding these stocks from last 4-5 months. Pls suggest me if these stocks are sell or hold in this scenario.
I have always honoured your valuable suggestions.

Regards
Ashish

Hi Ashish,

I keep away from penny stocks...........for me,they don't exist.Shall just go into it briefly since you asked.

Syschem -Add more if this goes above 4.0,keep your stop loss at 3.1.Breaking 3.1 get out.Keep watch on these 2 areas.

Parekh Plat-Not a matter of whether it will go back to your buy price or not.Maybe one day it will.But get out if it crosses 9.0,and reallocate ur funds elsewhere where you can make money,instead of wasting time on this one.We are here to trade,we are here to make money,in this business the word hope and pray just does not fit in.

Ajay Soya-Am sorry,don't seem to have the charts on this one.

Happy Trading!
Saint

 

[Saint]

hi im new here & would like to know ur views on hcl tech.is this the time to sell it?

Hi Ashutosh,

A very warm welcome to you........nope HCL still a HOLD.Keep a stop loss at 480.

All the best!
Happy Trading!
Saint

 

[Saint]

Saint

It is so nice to see you back in action..my Friend. Frankly...I was a bit worried when I did not see you on line for a few days. Sort of ...relieved to see you back.

warm regards

Karthik

......will catch up in chat room one of these days!

Saint

 

[ferret]

Hi Saint
I have Andhra Bank, MLL and Zensartech. Would like your views on these please. Thanks.

 

[Saint]

Hi Saint
I have Andhra Bank, MLL and Zensartech. Would like your views on these please. Thanks.

Shall do over the weekend.

Happy Weekend!
Saint

 

[ragh_ash]

hi saint,
how 's action?
was out of town.
everybody loves a bull market?
hope we have time to get out by making money
regards

 

[bhuwanpatel]

Jet Airways

Is Jet Airways worth buying it at the current price of 1225?

Thanks in advance,
Bhuwan.