New Intermed Uptrend!!

[Saint]

Have lotsa fun & frolic

Definitely .......shall answer your questions soon!

Saint

 

[Saint]

Hi Saint

Just as usual need help. When you online in the evenings.. Give me a take on Zee Telefilms.

Have a good holiday.

thanks

Nishant

Hi Nishant,

ZEE TELE :Looking ugly,.........daily and weekly looking more and more like an imminent fall.STAY OUT,my friend!If you are looking for shorts,keep it on your watchlist.Looking ugly as of now!

Saint

 

[Saint]

Hi ! Saint,

This is my first post in your thread. Well, actually The reason of writing this post is to compliment you all for all your good work. Mere words may never be sufficient enough, even to scale up your contribution. The efforts that you people make really amaze me. Some two months back I started ( & still at the same level, I am) to learn TA, but as i just said, I am still at the place, where i started it from.

I need the guidance of you people. Tell me what to do..where to start from..Mere reading can never give what I seek. I have seen some books in the resources section (authored by Mr. Murphy & Mr. Ping) & trying to buy them (but don't know ki from what bookstore in delhi can I have those books). Please advise, what to do? I can understand how busy you people are..and I should rather go to the TA section of traderji for it, but there I can for sure see all that might be required to learn TA, but once i reach that section, I get confused by the amount of info.....I just am not able to understand, where from I should start going thru it.....

please help...what ever you people can......it will be very much & forever, ONLY & ONLY, be appreciated.

Thanks,

Hi Sahil,

Only too glad to help in whatever little way I can,my friend.For now,have a look at www.stockcharts.com/education/ChartAnalysis/index.html.Found it very helpful as I learnt TA .Lots of patterns ,etc and how to trade them.Frankly all that is there in the TA books are all there.For the beginner,this one is a start.

Shall help or clarify to the best of my ability whenever you need help.

Happy Trading!
Saint

 

[Saint]

Re: tv18 down 10%

Is this just a knee jerk reaction to the stock split announcement.

Would it be a good idea to enter this stock now at such a correction. I can hold medium to long term...

We have had a false breakout in the first week of Dec which is bearish.Then a breakdown from an asc triangle which is doubly bearsih.A break below 330 makes things worse.Not looking good at all.If you want to get into this one,suggest you stay out for now and enter once this pullback is done.

Basically,not yet done for now.Get in later.

Happy Trading!
Saint

 

[Saint]

Mr.Saint,
I am new & junior to this site.Its amazing to observe good quality people here.
Enjoy ur holiday.
Regards
Asish

Thank you for your warm remarks,Ashish!

Saint

 

[Saint]

Thanks my Friend !

Happy Holidays

Thanx Vicky!

Saint

 

[Saint]

Hi Saint !!

Merry Christmas!
Hope u had fun with santa
have usha martin @ 186
do i stop out at 162 as u said earlier or..

cheers
vizzie

Hi Vizzie,

Wishing you a Happy Holidays as well!Yep,agreed Provogue so far so good,we will have our pullbacks but as this is an intermed term play,all is fine!

On Usha Martin,looks like we are going to be stopped out at 162.Yes,holding till stopped.That's the name of the game.We set rules,and follow the rules with maddening discipline.

If stopped,get out,but keep an eye on it for possible reentry later after we check out how the chart develops.

Happy Trading!
Saint

 

[Saint]

Hi everybody!

As I told in my previous message that the volumes are peaking and can be the first sign of distribution, I was right. Now, I think if we do not get rebound tomorrow to 2789 level, there will be more pain and I think the major support will then come from 2628 level on Nifty. What are your thoughts

Great stuff,my friend!Agree with you .......we'll get some strong support around the 2645-2665.Breaking that area is an end to the daily uptrend that started on Oct31st 2005.Weekly charts wise,all this nothing but a small pullback.


Saint

 

[Saint]

Hi Sibil,Atul

Thank you!And wishing you both a Happy Holidays as well!

Saint

 

[Saint]

Hi Saint,

I had entered KEI Industries at Rs. 197/-. Some days back it touched Rs. 252/- also but is trading at Rs. 230/- now. Could you give me an idea about the target price for this stock. Also please let me know if it makes sense to buy more of this stock at current rate.

Thanks,
Vishal

Still a HOLD for now.Was looking to around the 300mark.As for more buys,not yet.

Saint