New Intermed Uptrend!!

[Saint]

Hi Saint,

Can you please tell me your views on the following stocks:

1. Astra Micro (Impressive Q results)
2. Upper Ganges (Again Impressive Q results and haven't run up like other Sugar stocks.....talking comparatively)
3. Gupta Synthetic.(listed on BSE)

Regards,
Ashish.

Hi Ashish,

ASTRA MICRO :look to buy only once it crosses 235.Now on a wait n watch.

UPPER GANGES :Has gone up too much for my liking,would rather wait and enter on a pullback or miss the blast off totally.

GUPTA SYNTH :Very nice find.That breakaway gap on November 1st followed by a long sideways consolidation makes it a nice entry if it can cross 163.Buy at 163 with a stop at 141 with a first target of 200 or higher.

Happy Trading!
Saint

 

[Saint]

SHANTI GEARS:Was called by AMIT on his thread earlier.For those who missed that move,it has given us a neat pullback after a breakout from an ascending triangle.The weekly breakout bar from an asc triangle and then the pullback holding up to half that bar is a sign of bullishness.Buy here(CMP=66) with a stop loss of 59,and a target of 82.Share size as per your risk principles.

Happy Trading!
Saint

 

[game4trade]

Hi Saint,

Many thanx for your reply.

Cheers,
Ashish

 

[roneeth]

Hello Saint,

Hope you had a fabulous Weekend!
Archies Greetings after a recent high of 216 is pulling back,with contracted volume. WRB with increased volume on 20/12/05,Followed by a gap up.There was Pull back which took out more than Half of That wrb, but now consolidating in the 1/3 rd range of the WRB.CMP 192.
Could you please give me your views.(Just made an attempt to read the Chart ...excuse me if i am wrong)

Regards

Roneeth

 

[VICKY_SEEKINGINR]

HI Saint..

how looking bank of india.... profit may lead to another high?
and please comment on ranbaxy also..

Thnx

 

[Saint]

Hi Saint,

Many thanx for your reply.

Cheers,
Ashish

Most welcome,my friend!

Saint

 

[Saint]

Hello Saint,

Hope you had a fabulous Weekend!
Archies Greetings after a recent high of 216 is pulling back,with contracted volume. WRB with increased volume on 20/12/05,Followed by a gap up.There was Pull back which took out more than Half of That wrb, but now consolidating in the 1/3 rd range of the WRB.CMP 192.
Could you please give me your views.(Just made an attempt to read the Chart ...excuse me if i am wrong)

Regards

Roneeth

Hi Roneeth,

Nothing wrong with the analysis,the power of that WRB is still on as described by you.Now forming an asc triangle,a breakout over 208 is a breakout from this triangle.Expect some tough resistance around the 240-250area though ,stretching back to the year 2000.

Great going,my friend.

Saint

 

[Saint]

HI Saint..

how looking bank of india.... profit may lead to another high?
and please comment on ranbaxy also..

Thnx

Yep,still looking good(BOI),I personally got stopped out but looking to reenter.Looks like new highs soon unless the market decides to go topsy turvy on us for some reason or the other.

On RANBAXY,if you are a long term player,better to stay out for now.We have this Head n Shoulders Breakdown on the monthly,and the downfall is not done as yet.Expect more pain as we see new lows.If you are planning an entry,think you can get it much lower than here.Stay clear for now.......

Happy Trading!
Saint

 

[vizzie]

Hi Saint !

Nice move in Kamat Hotels today..
On increased volumes as well..
TIL did increase by 5% but as u said on low volumes..

cheers
vizzie

Yep,still looking good(BOI),I personally got stopped out but looking to reenter.Looks like new highs soon unless the market decides to go topsy turvy on us for some reason or the other.

On RANBAXY,if you are a long term player,better to stay out for now.We have this Head n Shoulders Breakdown on the monthly,and the downfall is not done as yet.Expect more pain as we see new lows.If you are planning an entry,think you can get it much lower than here.Stay clear for now.......

Happy Trading!
Saint

 

[Saint]

Hi Saint !

Nice move in Kamat Hotels today..
On increased volumes as well..
TIL did increase by 5% but as u said on low volumes..

cheers
vizzie

KAMAT HOTELS --so far so good,once it takes out the previous high of 191,raise your stop to 163 and enjoy the ride.Great going!!

TIL :If in,it's a HOLD.But keep an eye on the negative divergences on the TRIX and the RSI(Doesn't mean anything until some reversal happens,till then enjoy your gains,and take some profits off the table and trail stop on the remainder)

Saint