New Intermed Uptrend!!

[nkpanjiyar]

Saint, nice move in PNB today. Your comment plz.

cheers,
nkpanjiyar

 

[ga_rieffel]

what shud i do with ifci...stuck with it.... also bought bankindia at 109...it had kissed its 200 day ma... what could be a target

 

[pkjha30]

Hi everyone,
Noticed that quite a few stocks have started a new move upward as per weekly charts.......some of them of the very many are:

1.ABB----neat breakout from an ascending triangle,closed the week strong.
2.BEML---nice pullback on the weekly and looking set to resume upwardly dir.
3.SESA GOA--pullback lasting 5months,this week put up a neat wide range
bar,ended strong for the week with increased vol.
4.GUJ NRE COKE--a wide range weekly bar 3 weeks ago has announced the
change in trend in this stock,followed by 2 weeks of
consolidation.
5.POLYPLEX CORP--higher pivots on the weekly followed by a breakout with
increased volume.
6.DIVIS LABS---again higher pivot lows on weekly,and heading higher.
7.EID PARRY---weekly breakout on high volume to new highs.
8.ELDER PHARMA---weekly breakout on high vol.
9.IVRCL---looks set to breakout to a new high ,and continue its upward trend
10.J&K BANK--after 6 months sideways,it put up a wide range bar with high
vol,closing above the range.
11.UTI BANK--looks set to breakout to new highs.
12.UNION BANK---higher pivot lows on the weekly.
13.JAIPRAKASH ASSOC--higher pivot lows
14.PNB--higher pivotlows.
15.TATA TELE---breakaway gap followed by a pullback on the daily,looking
higher.
16.AVENTIS PHARM--spent all of this year sideways,forming an ascending
triangle on the weekly.
17.JINDAL STEEL POWER---taking out previous pivot highs on the weekly,and
looking to start a new uptrend.
18.MID-DAY MULTIMEDIA--breakout from a range followed by a pullback,looks
higher.
19.MUKAND LTD--higher pivot lows on daily.
20.NTPC--taking out previous pivot highs on the weekly
21.SONATA SOFTWARE--nice consolidation and threatening to break to new
highs

Sincerely,
Saint.

Hi Saint

I was going through your various posts. This topic is much popular with members here. Would you like to give a performance recap for the above stocks recommended by you during july2005. and your present recommendations. Also kindly cover FInancial Tech which you stated that it would go to startosphere.

Secondly, I won substantial amount in KBC2 and would like to invest in stocks for longer terrrrrrrrrrm. Would you suggest fundamentally sound but growth oriented stock having potential to appreciate . Presently I hold Tisco IDBI, Sail , Gruh Finance.

I would appreciate you advice.

thanks
Pankaj

 

[dheerajmehta]

Hi Saint,
Ginni Filaments has moved past 36...is it advisable to enter now?
what is the target on this scrip?

Regards,

Dheeraj Mehta

 

[Saint]

Saint, nice move in PNB today. Your comment plz.

cheers,
nkpanjiyar

Hi NK,

PNB :Yep,nice move today..........and on high volumes as well.This area of 460 is resistance,and would've been sweeter if we got a close over 462-464.Either way,whether we get a mild pullback in the next few days or a blast off tomorrow,PNB is bullish.Great HOLD for the intermed term.

All the best,my friend!

Happy Trading!
Saint

 

[Saint]

Thanks Saint. I am still holding MRPL.

One more what do you think about Pioneer Investcorp CMP18.90.
ICICI symbol PIOINV.
I am holding this from long time.What do you suggest?
What could be the near term target?

Thanks again.
Regards,
Ashish

Hi Ashish,

PIONEER INV :By long time,I hope you don't mean from 1995 at 90 levels.Hope not........there's some tight resistance around the 23-25 area,so that's an area to watch out for.That area also a target point for traders entering at 8-10.Am not sure of your entry point,but I'd exit there if I were in.

Happy Trading!
Saint

 

[Saint]

Hi Saint,
Ginni Filaments has moved past 36...is it advisable to enter now?
what is the target on this scrip?

Regards,

Dheeraj Mehta

Hi Dheeraj,

Am in from yesterday,was meant as a short term trade.Raise stop on GINNI to 33.Target at 46.

Saint

 

[Saint]

Hi Saint,

Nice move on Ginni Filaments What would be a good position to sell?

thanks and regards,

Sibil

Hi Sibil,

First target of 46,and trail stop upwards the remaining quantity.

Saint

 

[Saint]

Hi Saint

I was going through your various posts. This topic is much popular with members here. Would you like to give a performance recap for the above stocks recommended by you during july2005. and your present recommendations. Also kindly cover FInancial Tech which you stated that it would go to startosphere.

Secondly, I won substantial amount in KBC2 and would like to invest in stocks for longer terrrrrrrrrrm. Would you suggest fundamentally sound but growth oriented stock having potential to appreciate . Presently I hold Tisco IDBI, Sail , Gruh Finance.

I would appreciate you advice.

thanks
Pankaj

Hi Pankaj,

I had done a re-cap few months ago.Looking for it is like looking for a needle in a haystack.Sorry about that,my friend.But will be updating the present group from time to time.Hope that helps!

FINANCIAL TECH :Making a higher pivot low on the daily and weekly.This week so far,we have taken out the high of the previous week.Now sitting within a symmetr triangle.Looking ready for a breakout and resumption of its uptrend.

Buy with a stop loss of 1150.Trail stop upwards till stopped.Target wise,expect at least 1700 or greater.

Thanx for bringing this one to our attention.Nice!

Happy Trading!
Saint

 

[Saint]

what shud i do with ifci...stuck with it.... also bought bankindia at 109...it had kissed its 200 day ma... what could be a target

Hi Rieffel,

Nice entry into Bank of India.......sweet gains,great going!!Hold it.....raise stop loss to 110,and ride the trend.Just keep trail stopping upwards.Once again,ride the trend,and enjoy the ride!

On IFCI,Still in a downtrend.Weekly trendlines are cracked to the down.Looks like a breakdn from a sym triangle which is a continuation of the downtrend.I would exit and look to regain my losses elsewhere.........but that decision is yours to make.

Happy Trading!
Saint