New Intermed Uptrend!!

[Saint]

KARNATAKA BANK:Making a higher pivot low on the daily,a wide range bar breakout with increased volume from the pivot and now pulling back .Buy with a stop loss at 101 and a target of 125,after which we trail stop.A risk reward of 1:3.This is meant as a short term play.

Saint

 

[vizzie]

Hi Saint!!

Ur views on Astra Micro?
Is it a buy at CMP..

cheers
vizzie

KARNATAKA BANK:Making a higher pivot low on the daily,a wide range bar breakout with increased volume from the pivot and now pulling back .Buy with a stop loss at 101 and a target of 125,after which we trail stop.A risk reward of 1:3.This is meant as a short term play.

Saint

 

[Saint]

Hi Saint!!

Ur views on Astra Micro?
Is it a buy at CMP..

cheers
vizzie

Hi Vizzie,

Astra Micro is still making lower pivot lows and highs on the daily.The previous weekly pivot low is 175.If this downtrend on the daily can stabilise at a point over the 175 area ,then it's a buy.Keep it on your watchlist though.For now a wait and watch.

Saint

 

[vizzie]

Thx Saint for a quick response !!



vizzie

Hi Vizzie,

Astra Micro is still making lower pivot lows and highs on the daily.The previous weekly pivot low is 175.If this downtrend on the daily can stabilise at a point over the 175 area ,then it's a buy.Keep it on your watchlist though.For now a wait and watch.

Saint

 

[Saint]

Thx Saint for a quick response !!



vizzie

Most welcome,my friend!

Saint

 

[ssnkumar]

MPHASIS BFL:Monthly and weekly making a higher pivot low,breaking out of a symmetrical triangle that has lasted nearly 2 years.Looking good to resume uptrend.

CMP=143.75.Buy here with a stop loss at 125.Target of 220.(all this if the broader market does not put a spanner in the works!)

Happy Trading!
Saint

Hello Saint,

Any other scrips looking good for BUY?

Regards,
Narendra

 

[mohanlate]

Hi Vizzie,

Astra Micro is still making lower pivot lows and highs on the daily.The previous weekly pivot low is 175.If this downtrend on the daily can stabilise at a point over the 175 area ,then it's a buy.Keep it on your watchlist though.For now a wait and watch.

Saint

My 2 cents -
Daily Stochs stabilizing and seem to indicate that it is getting out of the oversold region. RSI showing some strength too. ROC is also stabilizing, and might get positive.
We need a couple of days with some smart money inflow on higher volumes to get this one on the up move. And Saint rightly said: Keep it in your watchlist for now.

On the fundamental side-
Good management. The top guys have good contact with the defence (this is where they get 60% of their revenues from). Nice products in the radio and VSAT technologies.

Enjoy.

 

[mohanlate]

KARNATAKA BANK:Making a higher pivot low on the daily,a wide range bar breakout with increased volume from the pivot and now pulling back .Buy with a stop loss at 101 and a target of 125,after which we trail stop.A risk reward of 1:3.This is meant as a short term play.

Saint

Hi Saint,

I am in. Good call as usual

Thanks

 

[game4trade]

Hi Vicky,

RANBAXY : Expect an up move soon after all that bruising and batterring,but there is stiff resistance over at the 440-460area.If you are planning to go long,feel that there are others making new and newer highs that you can latch on to.

WIPRO :Looking good for more up move.A Hold if in already.

Happy Trading!
Saint

Hi Saint,

Can you please mention SL and Target for Ranbaxy (planning to enter it and would appreciate your comments on SL and Targets).

Thanks in advance.

Regards,
Ashish.

 

[Saint]

My 2 cents -
Daily Stochs stabilizing and seem to indicate that it is getting out of the oversold region. RSI showing some strength too. ROC is also stabilizing, and might get positive.
We need a couple of days with some smart money inflow on higher volumes to get this one on the up move. And Saint rightly said: Keep it in your watchlist for now.

On the fundamental side-
Good management. The top guys have good contact with the defence (this is where they get 60% of their revenues from). Nice products in the radio and VSAT technologies.

Enjoy.

Thanx Mohan for the input........great going and keep it up.

Saint