New Intermed Uptrend!!

[Saint]

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

Hi Ashish,

If you are in this,nothing to be done.It's a HOLD.Super moves so far.If you are planning to enter as a new buy,looks very strong.Looks good to set newer highs.But personally speaking,I don't mind missing this move.I'd rather enter on a pullback or nothing at all.But that's just me......

All the best!
Happy Trading!
Saint

 

[VICKY_SEEKINGINR]

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

Saint Very very thanks for quick reply,

i will try to get out in rally..

Thanks again for your comment.

 

[VICKY_SEEKINGINR]

Saint Very very thanks for quick reply,

i will try to get out in rally..

Thanks again for your comment.

What price i can expect for long term, i mean 5-6 months.
for Vijayabank.

 

[Saint]

What price i can expect for long term, i mean 5-6 months.
for Vijayabank.

Hi Vicky,

I am no good in predictions.........the only thing I do is to latch on to trends and hold on as long as possible.Certain patterns and indicators tell us where things are going.My take is that we are going lower,breaking 50 is confirmation.It is both lower pivot lows and highs and a break from that huge sym triangle once 50 is taken out.We have bearish divergences on TRIX n RSI....................overall ,looks bearish,and expect lower prices.

If it can break above 70,might look interesting again to get in on the long side.

Happy Trading!
Saint

 

[Saint]

Saint Very very thanks for quick reply,

i will try to get out in rally..

Thanks again for your comment.

Most welcome,Vicky

Saint

 

[chopra]

Thanks Saint, I was planning to enter into this but I was in 2 minds. And now I will wait for sometime and may be accumulate it if it goes below 1000.

And meanwhile I have entered into Hindalco @124.
what are your views onto this.

thanks again for your time.

Regards,
Ashish

 

[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,

Actually I missed this post
Today when I read it, BFL has already crossed 152!!
So, is it good to enter now also or should I wait for a pull back!?

Can you suggest few more good scrips to enter at current levels?

Regards,
Narendra

 

[nkpanjiyar]

Amit/ Saint,

Orient Paper (ICICI code - ORIPAP) is looking good at present.

I entered at 158 a month back and CMP is 206. Target technically is near 300. Just plz have a look and post your views. I believe we can make decent at this counter.

cheers,
nkpanjiyar

 

[Saint]

Amit/ Saint,

Orient Paper (ICICI code - ORIPAP) is looking good at present.

I entered at 158 a month back and CMP is 206. Target technically is near 300. Just plz have a look and post your views. I believe we can make decent at this counter.

cheers,
nkpanjiyar

Hi NK,

Long time no hear,my friend.We are all missing your posts on wisdom and humour.Hope that you would return to your wise and funny ways.

Orient Paper has reached a level where it can breakdown from here,or blast upwards.You have had a nice run...........for now,do nothing but sit with it.It's a HOLD.Just raise your stop loss to 185.......and that's that!

Great trade,my friend!

All the best!
Saint

 

[Saint]

Hello Saint,

Actually I missed this post
Today when I read it, BFL has already crossed 152!!
So, is it good to enter now also or should I wait for a pull back!?

Can you suggest few more good scrips to enter at current levels?

Regards,
Narendra

Ouch Narendra..........anyway only missed money .Nope,wait for a pullback for an entry.

Saint