New Intermed Uptrend!!

[Anupama Singh]

Hi Saint,

Could you also have a look at Teledata Inf?Is this okay to enter here,or do we wait for 29 to enter as u suggested?

Thanx in adv,
Anu

 

[Karuna]

Saint,

What seems to be the latest on Karnataka Bank ? I have option for December, can I wait till expiry or get out now ?

Regards,
Karuna

 

[Saint]

Saint,

What seems to be the latest on Karnataka Bank ? I have option for December, can I wait till expiry or get out now ?

Regards,
Karuna

Hi Karuna,

I am doing nothing for now but raising stop loss to 108(which is just a bit above breakeven)and waiting.There's a lot of resistance at these levels though.

Saint

 

[vizzie]

Hi Saint !!

Hotel Leela after goin down to 260 startin a pullback..
but MACD doesn't look 2 gud..
but a good fundamental story..

ur views on the counter...
cheers
vizzie

Hi Karuna,

I am doing nothing for now but raising stop loss to 108(which is just a bit above breakeven)and waiting.There's a lot of resistance at these levels though.

Saint

tar

 

[srikrp]

Hi Saint,

Can you have a look at Shanti Gears -- 20 day moving average has moved beyond the 50 day moving average. Volumes are rising too.

Do tell me your views on this.

Thanks,
Srikanth

 

[prasad_ashish]

Dear Saint,
Can you pls give me your outlook on Natco Pharma and Hexaware Tech. Is it a hold or sell ? I am holding these at following rate

Natco 100 @ 137
Hexaware 200 @ 113

Thanks in advance

Ashish

 

[sandynisha]

hi saint,
can u give me a time frame for USHA MARTIN to reach its first target,
and can u help me out with this stock called PAREKH PLATINUM LTD.....i bought it at 16rs.....i am in huge losses ........thanx in advance
sandynisha

 

[Saint]

Hi Karuna,

I am doing nothing for now but raising stop loss to 108(which is just a bit above breakeven)and waiting.There's a lot of resistance at these levels though.

Saint

KARNATAKA BANK - Taking profits here,and keeping the stop loss at 108 for the remainder.

Saint

 

[Saint]

hi saint,
can u give me a time frame for USHA MARTIN to reach its first target,
and can u help me out with this stock called PAREKH PLATINUM LTD.....i bought it at 16rs.....i am in huge losses ........thanx in advance
sandynisha

Hi Sandynisha,

USHA MARTIN-Looking good so far,but amidst a pullback now.HOLD for now.As for timeframes to hit the target,could take a few weeks or few days....depends on the strength of the move.All we can do is to HOLD it,raise stops,and stick with the trend.

PAREKH PLAT :Ouch,to lose 50% of anything must be painful.......thus the adherence to a predetermined stop loss is vital,my friend.Stops should've been at the 14 area.At present,a downtrend is all we have.Will this stop here and correct upwards,or will this keep dumping,nobody can say for sure.The good news is that we are at support right here,if this holds,we may get to see higher prices.

All the best!
Saint

 

[Saint]

Dear Saint,
Can you pls give me your outlook on Natco Pharma and Hexaware Tech. Is it a hold or sell ? I am holding these at following rate

Natco 100 @ 137
Hexaware 200 @ 113

Thanks in advance

Ashish

Hi Ashish,

NATCO :One huge ascending triangle on the weekly.A close this week end of more than 150 is strength.This one is a definite HOLD,nice find,my friend.For those not in,it's a definite buy on a pullback.

HEXAWARE :Nice breakout on high volumes,pulling back on decreased volumes.Monthly showing a possible resummption in uptrend after a few months of rest.Another one,looking good for higher prices as of now.

Nice ones,my friend.Both definite holds.Will join you on both once we get some sort of a pullback.

All the best!
Happy Trading!
Saint