New Intermed Uptrend!!

[Saint]

HELIOS & MATHESON :This has been in sideways territory for the last 4 months.In the last week of October,we 've had a breakdown,and a quick snap back,qualifying that as a failed breakdown......which is bullish!Then we've had a breakout to new highs,and then a pullback to an area of support that was once resistance.......all bullish signals.Looking good to resume its uptrend.

Buy once it goes to 233,and then add at 240.Stop loss of 214.Keep trail stopping upwards,and share size accordingly.

All the best!
Happy Trading!
Saint

 

[Saint]

ABBOTT INDIA:Long sideways trend lasting nearly a year.Now threatening to break out.Sitting at an area of resistance.....this needs to have an end of week closing over 745.Once we have a weekly closing over 745,think of getting into it.Looking good for a big move up to around 1000.

Definite one for your watchlist.Keep a close watch on this one.

All the best!
Happy Trading!
Saint

ps:This trades only on the BSE

 

[roneeth]

Hi Srikanth,

Had been keeping an eye on this one the last few days.No idea about fundamentals though.

TELEDATA :Looking good.Making a higher pivot low and looking set to take out previous pivot highs.That wide range bar in the 2nd week of November at the bottom is bullish.The subsequent retarcement within the top 1/3 of that wide range bar is added bullishness.Weekly TRIX and RSI showing bullish divergence..........meaning we can take our chances going long on this one with stops in place as always.

Let it clear the previous pivot high of 28.5 and demonstrate strength.Buy once it touches 29.Stop of 24.2.Add over 35.
Target=Use trail stops and let's get as much as possible.

Happy Trading!
Saint

Hello Saint,

Relieved to see you posting again,Was missing reading your posts.
Beautiful explanation,again filled with knowledge....
Could you please recommend me a book which explains trading Bars.

Thanks and Regards

Roneeth

 

[avinash]

Hello Saint,

Good 2 see u back in action!Nice moves so far in Mphasis and Punjab Tractors.....Thank you.More importantly,great(and relieved) to see that you are back in action.

Regds,
Avinash

 

[vizzie]

Hi Saint!

Tryin 2 learn whatever i can frm u guys here..
feels gud to have made a start..

thanks as always

cheers
vizzie

Hi Vizzie,

KEI INDS :Agree with you totally.........looking good!Weekly charts just about making its move.Nice volume coming in.That wide range breakout bar on the 31st of Oct never got negated with all subsequent trading in the coming weeks staying in the top half of that bar.ADX had indicated a buy a few days back as well.Overall,looking good.

Buy with a stop loss of 187 and share size accordingly.Trail stop upwards and get the max as possible.

All the best!
Happy Trading!
Saint

 

[Saint]

Hello Saint,

Relieved to see you posting again,Was missing reading your posts.
Beautiful explanation,again filled with knowledge....
Could you please recommend me a book which explains trading Bars.

Thanks and Regards

Roneeth

Hi Roneeth,

Thank you for your kind words,my friend.............no real one book that talks about bars,bits and pieces from many books.When I come across again,shall keep you posted for sure.

All the best!
Saint

 

[roneeth]

Hi Roneeth,

Thank you for your kind words,my friend.............no real one book that talks about bars,bits and pieces from many books.When I come across again,shall keep you posted for sure.

All the best!
Saint

Hello Saint,

Thanks,looking forward for the same.

Thanks

Roneeth

 

[VICKY_SEEKINGINR]

Hi Saint

any good scrip for fresh entry?

Now vijayabank is ready to move?
please comment on vijayabank because i am having
some stock from 68 level and also from 55 level

so please comments about its future rise.

 

[chopra]

Dear Saint,
Please advise regarding Sesa Goa. Fundamentally the stock looks good to me.
With a 12ish PE ratio.

How is this stock for 6months to 1 year period.
Pls. advise.
Thanks a lot.

regards,
Ashish

 

[Saint]

Hi Saint

any good scrip for fresh entry?

Now vijayabank is ready to move?
please comment on vijayabank because i am having
some stock from 68 level and also from 55 level

so please comments about its future rise.

Hi Vicky,

VIJAYABANK :I presume we are talking intermed term or longer.........VijBk is still trading within that triangle.Frankly,can go either way from here.A break below 50,and it's going down.Lots of resistance overhead as well.We may still get a move up before sideways to lower prices.Suggest to get out on a rally,and wait on the sidelines till things look brighter.

All the best!
Happy Trading!
Saint