New Intermed Uptrend!!

[VICKY_SEEKINGINR]

Thanks for reply Saint.

I am very Surprised about the move in TITAN...
Why this type move is not happand in my chossen scrips :-(

 

[Saint]

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

Regards,
Narendra

Hi Narendra,

Had posted quite a few that are looking good,think they were in the previous page of this thread or the one before.

There are others that are looking oh! so sawweeeet.

MSK PROJECTS :Had a good day today.Nice higher pivot lows on the weekly,and threatening to start a new uptrend.Buy over 89(let's not get greedy,let it demonstrate strength before we pounce).Stop-79.And then trail stop upwards.

GINNI FILAMENTS :Looking good,near similar pattern like MSK.Getting set to fly.Be there when that happens.Buy over 36.Stop of 30.And trail stop upwards.

Happy Trading!
Saint

 

[dheerajmehta]

Hi Saint,

could you share your views on Bharti and Jaiprakash associates?

holding BHARTI@345 and holding JP assoc. at 334

Regards,

Dheeraj

 

[Saint]

Thanks for reply Saint.

I am very Surprised about the move in TITAN...
Why this type move is not happand in my chossen scrips :-(

Hi Vicky,

Think it was some news event that started out this huge run.More important than the question why it never happenned to the stocks you own should have been the question,how you could have gotten in into this one.

Just a small lesson............

Take out your charts of TITAN.The daily that started this huge upsurge was on 31st Oct.TITAN was in a downtrend before that hugely bullish day.That one day set up one huge bar on very high volume,we call that a wide range bar(WRB).The WRB on that one day was a move of 105 pts!

Just a few things that we must remember about the WRB.A WRB that occurs after a big move up and sets up on big volume is an indication of exhaustion,a final push up before we see lower prices.So we as traders start to tighten stops and get taken out as near the top as we can.

A WRB that sets up after a downtrend,like TITAN,is a sign of bulls getting out of slumber,and the bears freaking out in fear.It is a sign of a huge move up.

How do we trade a WRB?Let the first day complete.

a)Buy over the high of the WRB

b)If it pulls back,buy the pullback and add more over the high of the WRB.

There are more things about the WRB,I shall keep you posted next week(am in Bali,Indonesia right now).

Happy Trading!
Saint

 

[Dhanya]

Hello Saint!

Welcome back to active duty Have a small query.How does Shipping Corp. look ?

Regds
Dhanya

 

[Saint]

Hi Saint,

could you share your views on Bharti and Jaiprakash associates?

holding BHARTI@345 and holding JP assoc. at 334

Regards,

Dheeraj

Both looking perilously close for downward move.Careful,my friend.Keep your stop loss for JP ASSOC at 327.And Bharthi Tele ,keep your stop loss at 337.If taken out get out.

Saint

 

[Saint]

Hello Saint!

Welcome back to active duty Have a small query.How does Shipping Corp. look ?

Regds
Dhanya

lol Dhanya............As for SHIPPING CORP,looking good.Nice find,Dhanya.......Buy over 166,and add over 169.Stop at 152.Once it breaks out,keep trail stopping upwards.

Happy Trading!
Saint

 

[Dhanya]

lol Dhanya............As for SHIPPING CORP,looking good.Nice find,Dhanya.......Buy over 166,and add over 169.Stop at 152.Once it breaks out,keep trail stopping upwards.

Happy Trading!
Saint

Thanks Saint for your quick response..

Dhanya

 

[Dhanya]

Hi Vicky,

Think it was some news event that started out this huge run.More important than the question why it never happenned to the stocks you own should have been the question,how you could have gotten in into this one.

Just a small lesson............

Take out your charts of TITAN.The daily that started this huge upsurge was on 31st Oct.TITAN was in a downtrend before that hugely bullish day.That one day set up one huge bar on very high volume,we call that a wide range bar(WRB).The WRB on that one day was a move of 105 pts!

Just a few things that we must remember about the WRB.A WRB that occurs after a big move up and sets up on big volume is an indication of exhaustion,a final push up before we see lower prices.So we as traders start to tighten stops and get taken out as near the top as we can.

A WRB that sets up after a downtrend,like TITAN,is a sign of bulls getting out of slumber,and the bears freaking out in fear.It is a sign of a huge move up.

How do we trade a WRB?Let the first day complete.

a)Buy over the high of the WRB

b)If it pulls back,buy the pullback and add more over the high of the WRB.

There are more things about the WRB,I shall keep you posted next week(am in Bali,Indonesia right now).

Happy Trading!
Saint

Thanks for that mini lesson above.I am going to look through my charts and hunt for more WRB's and correlate to the teaching above.Very interesting.Thank you once again.

Please continue your teachings like before.

Dhanya

 

[sibil_bm]

Hi,

I'm a complete noob to the stock marketing world but I'm picking things up thanks to the great work of you guys. I'd like your views on harig crankshafts ltd. Should I go in now?

Thks