New Intermed Uptrend!!

[vizzie]

Hi Saint !

read bout ur fever in an earlier post.
nice 2 hear ur out of it..
I was also away for a while..njoyin my holidays..

Saint, I understand u got the figure of 148 frm the weekly charts for tata timken. am i rite??
just curious to know how the figure of 184 comes..

n do hv a look at financial technologies..

cheers
vizzie

Hi Vizzie,

Sorry for this late reply..........had been down with fever last few days.Apologies,my friend.

TATA TIMKEN :nice bullish breakaway gap after a long consolidation phase,so far holding that area.Monthly looking set to resume its uptrend.Look to buy over 184 with a stop loss at 148.Nice find as always.

VBC FERRO :In the process of establishing a higher pivot low on the weekly.So far so good.Keep it on your watchlist for possible entry soon.

SIMBHAOLI SUGAR :Once again,looking good for a further push up.Higher pivot lows and highs on the weekly.Hold if in.

ZICOM :This milder gradient uptrend in comparison to prior moves is worrying.That negative divergences on TRIX and RSI another reason to stay away.Unless something changes,best to put your money elsewhere.

MARICO :Higher highs and lows,it's now vertical.If in,great going.HOLD it.If planing to enter,I would wait for a pullback before doing so.

Great stuff,Vizzie!

Happy Trading!
Saint

 

[Saint]

Hi Saint ,

What is your take on the following scrips ?

1) Shringar Cinemas. I entered at 75 current 85
2) Polaris Software . I entered at 112 current 136
3) Sonata Software . I entered at 29 current 42.

Thanks,
Sentinel

Hi Sentinel,

SHRINGAR CINEMAS :Still a HOLD,but raise your stops to breakeven to 75.Get out if hit.

POLARIS :Nice higher pivot lows so far.Looking good.Raise your stops to 121,you are now in profit territory whatever happens.Ride the trend.

SONATA :Great move,nice entry.Raise your stops to 33.You are in profit territory here as well even if stops are hit.

Once the stock pulls back and forms a higher pivot low,raise your stops to Rs1 below that low in Sonata.And Rs2 below that low in Polaris.Keep trail stopping upwards till stopped out.Try to ride the trend as much as possible..............and enjoy the ride.

Great going!

Happy Trading!
Saint

 

[Saint]

Hi Saint !

read bout ur fever in an earlier post.
nice 2 hear ur out of it..
I was also away for a while..njoyin my holidays..

Saint, I understand u got the figure of 148 frm the weekly charts for tata timken. am i rite??
just curious to know how the figure of 184 comes..

n do hv a look at financial technologies..

cheers
vizzie

Hi Vizzie,

We've had one neat breakaway gap yesterday,buy over the bar's high ie 182.5,give it some filter maybe 183.5-184.Stop below the previous bar's low ie 149.5.Give it some room,ie 148.

On Financial Tech,we are already in..........waiting for a breakout that is imminent.

Good to know that you had a great time during your holidays!

Looking fwd to more posts from you.

Happy Trading!
Saint

 

[Saint]

Hi saint,

Can you please share your comments on the following two stocks:

1. Mahavir Spinning
2. GIPCL.

I dont have any position in these and both looking good to me.

Thanx.
Ashish.

Hi Ashish,

MAHAVIR SPG :Set to continue it uptrend,nothing wrong with it.If in,it's a HOLD.

GIPCL :Lots of resistance over here,stay out for now.At best only for your watchlist for now.

Happy Trading!
Saint

 

[sentinel]

Hi Saint ,
Thanks for the reply . It was quite useful. What are your target price for the above scrips ?

Thanks,
Sentinel

Hi Sentinel,

SHRINGAR CINEMAS :Still a HOLD,but raise your stops to breakeven to 75.Get out if hit.

POLARIS :Nice higher pivot lows so far.Looking good.Raise your stops to 121,you are now in profit territory whatever happens.Ride the trend.

SONATA :Great move,nice entry.Raise your stops to 33.You are in profit territory here as well even if stops are hit.

Once the stock pulls back and forms a higher pivot low,raise your stops to Rs1 below that low in Sonata.And Rs2 below that low in Polaris.Keep trail stopping upwards till stopped out.Try to ride the trend as much as possible..............and enjoy the ride.

Great going!

Happy Trading!
Saint

 

[VICKY_SEEKINGINR]

Hi VICKY,

Great going on the VIJ BANK .......nice gains.Headed higher,will be joining you once it breaks out of the 75-76 area.

TVTODAY:There's some tight resistance at the 103 area.........looking great if it can close over that area.

Happy Trading!
Saint

HI Saint..

Thanks for your reply.

I decided that long term trading is better than day or intraday
may be i am wrong, but for my needs its better for me.

Thanks

 

[jraj]

Hi Saint.....,

Please could you have a look at Arvind Mills.Is it good to enter long at these levels?

Also:Thank you for Shanti Gears,breakout day yesterday,must I raise the stop loss to below yesterday's low?

Andlease give your opinion on Subex,and Nahar Spg.

Thanks again!

JayRaj

 

[Saint]

HI Saint..

Thanks for your reply.

I decided that long term trading is better than day or intraday
may be i am wrong, but for my needs its better for me.

Thanks

Hi VICKY,

We all have to find what we are comfortable with and trade accordingly........important thing is that you must have proper strategies and risk management principles as per your time frame.

Great going,my friend!!

Happy Trading!
Saint

 

[Dhanya]

Hi Saint!

PROVOGUE is now up 43% and SAREGAMA up 24% from where you called it.Are we still holding,or are we exitting,or taking profits?

Thanks in advance

Dhanya

 

[Saint]

Hi Saint!

PROVOGUE is now up 43% and SAREGAMA up 24% from where you called it.Are we still holding,or are we exitting,or taking profits?

Thanks in advance

Dhanya

Hi Dhanya,

Glad to know that you made profits on those.Great going!!

Hold them both for now......we'll be looking to take some off the table soon.For now,let's ride this trend!

Happy Trading!
Saint