New Intermed Uptrend!!

[sanjoy_roy]

Hi Saint,

Its nice to be on this forum. Its full of gyan and advice. gr8.

I have my query on the prospects of 3 stocks,both short and medium term.

1. IDBI
2. MSP Steel and Power
3. Bhushan Steel

Regards,
Sanjoy

 

[dinkerj]

Hi Saint,
seems CESC is assuming uptrend.
Do I see it right?

 

[mehrhlr]

Hi There,
Any idea on Tata Motors... is it advisable to buy the share at 625????? and ITC at 142???????

 

[gandharvashu]

Hi Saint!

I managed today entry in Gayatri Sugars early in the morning. Now as I am close to 20%, according to my rule i should book partial profits. Now, I consulted my broker and he said hold on, so I have not booked. What you say. Moreover your take on granules and K.S. Oil. Look weekly. But market in new territory what you say.

 

[Saint]

Hi Saint!

I managed today entry in Gayatri Sugars early in the morning. Now as I am close to 20%, according to my rule i should book partial profits. Now, I consulted my broker and he said hold on, so I have not booked. What you say. Moreover your take on granules and K.S. Oil. Look weekly. But market in new territory what you say.

Hi Gandharvashu,

I usually disagree with brokers who give advice on when to buy or sell,but in this case I agree with him.If you were in this looking at weekly charts,it's a HOLD.Of course different ballgame if in for a short term trade.

GRANULES :Sideways monthly consolidation taking place.High volume wide range bar on the 12th Dec.Weekly making a higher pivot low.Buy on a close over 118.Stop of 105.Looking good.

Nice KS Oils as well..............as always,great ones,my friend!

Happy Trading!
Saint

 

[Saint]

Hi Saint,

Its nice to be on this forum. Its full of gyan and advice. gr8.

I have my query on the prospects of 3 stocks,both short and medium term.

1. IDBI
2. MSP Steel and Power
3. Bhushan Steel

Regards,
Sanjoy

Hi Sanjoy,

Yep,agree with you,my friend.Truly a great forum with excellent threads packed with lots of wisdom and education.Truly a great set of individuals we have at Traderji.

IDBI :In the short and intermed term we may see a move up,but so far has been a limp move up.Not looking too good.Unless we see an upsurge in volume and a strong move up,this flaccid response may continue.Frankly,look for another stock.

MSP Steel and Bhushan Steel :Still in a downtrend.Stay away till some sort of strength is demonstrated.

Happy Trading!
Saint

 

[Saint]

Hi Saint,
seems CESC is assuming uptrend.
Do I see it right?

Hi Dinker,

CESC is in that area where we can't say for sure.I would stay away.I'd rather buy high and sell much higher than buy at a relatively lower price here but in uncertainty.Watch for now.Buy if it can close over 250.Till then,am in watch mode.

Saint

 

[Saint]

PROVOGUE:Once again we have a wide range breakout bar with high volume on the weekly charts followed by a neat orderly pullback on decreasing volume.Looks set to continue its uptrend.Buy with a stop loss at 172,with a first target of 240.

Happy Trading!
Saint

 

[Saint]

USHA MARTIN :Forming a higher pivot low on the weekly and threatening to break out of the symmetrical triangle.Looking good to continue its powerful uptrend.Buy over 182 with a stop loss at 160,and a first target of 225,after which we trail stop upwards.

Happy trading!
Saint

 

[jraj]

Hello Saint!

Thanks a lot for Praj,Balrampur,Mphasis,IndBulls and Bombay Dyeing.Ginni Filaments didn't go good,but on an overall,profits!

Thanks once again!

Regds,
JayRaj