New Intermed Uptrend!!
- Thread starter Saint
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Hi mkshekhar,
Yep,nice WRB in Paper Products 2 days ago.....only problem is that we have a neat up move,then sideways basing,and then blast off........think more a signal of bull fatigue.Expect correction in Paper Products.Of course,if this is a sign of strength,it will have to take out the high of that WRB.
On RALLIS,looks good to continue its move up.Right entry should have been today around 407.Stop-374.
On the subject of Rallis,take a look at 21st Oct........we have a nice WRB with a breakout gap after a down trend.Now that's what we are looking for.Just the previous day,the bears were licking their lips,counting the money in their account,no worry or fear in the world.......and suddenly the next day,a WRB and a gap up removed more than 2 weeks of bear activity in a single day.That is the kind of WRB we are looking for.Buy the high of that bar and enjoy the ride.
Happy Trading!
Saint
Yep,nice WRB in Paper Products 2 days ago.....only problem is that we have a neat up move,then sideways basing,and then blast off........think more a signal of bull fatigue.Expect correction in Paper Products.Of course,if this is a sign of strength,it will have to take out the high of that WRB.
On RALLIS,looks good to continue its move up.Right entry should have been today around 407.Stop-374.
On the subject of Rallis,take a look at 21st Oct........we have a nice WRB with a breakout gap after a down trend.Now that's what we are looking for.Just the previous day,the bears were licking their lips,counting the money in their account,no worry or fear in the world.......and suddenly the next day,a WRB and a gap up removed more than 2 weeks of bear activity in a single day.That is the kind of WRB we are looking for.Buy the high of that bar and enjoy the ride.
Happy Trading!
Saint
sibil_bm said:
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
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
First of all, a very warm welcome to you.Glad to know that you have picked up some good stuff here.Great to know that you have an attitude to learn as a definite must before any venture or endeavour.Great goiing!!
HARIG CRANKSHAFTS :Nice pullback on the daily,so far higher pivot lows.Weekly in the middle of a pullback.Keep this on your watchlist.Once it stabilises on the weekly charts,making a higher pivot low,then good to go.But instead, a week close of less than 35 is resumption of its downtrend.So now a wait and watch.Also,a turn around here and a drop from here will result in a Head and Shoulders formation which only makes matters worse.
So,sidelines now on this one.........
Happy Trading!
Saint
Saint said:
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
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
Thanks,
nkpanjiyar
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