New Intermed Uptrend!!

[cube]

Hi Saint,
What are your thoughts on the following scrips.

1. Havells India
2. Manugraph Industries.

Thanks,
Cube

 

[sentinel]

Saint and others,
Kindly refer to your earlier reply... i wanted to ask you one question.You said we say its making lower lows... and when it takes out previous week's high u said its making higher high.?Does that mean this week's low was lower than the last week's low.?( in case of lower low lets say). But by this definition the stock can make higher high and lower low both... so how do we get a pivot?


Kindly calrify as m a novice.

Thanks,
Sentinel

Hi pmathew,

Your desire to learn is most appreciated.....I am not sure if I can explain it without drawing a chart,but to put it simply,in a weekly chart,if a stock takes out the previous week's high,we say that it is making ahigher high .If it takes out the previous week's low,we say it's making a lower low .
A series of higher highs and then the stock turns downwards to produce a series of lower lows,we say that the stock has formed a pivot at the top.Then when the stock continues its upward journey forming higher highs and producing apivot that is lower than the previous pivot,we say that the stock is making alower pivot high .
Taking out the pivot high is a continuation of the upward trend.Taking out the pivot low is a continuation of the downward trend.Making a lower pivot high smacks of a possibility in a change of trend.
How do we know for sure?We never do,my friend,for nothing is sure in life and the markets.Therefore we have a Trading Plan,Risk n Money Management and stop losses.

Educate yourself.....and Happy Trading!!

Saint

 

[ragh_ash]

Planning to enter RPG life sciences. Looking at the results, seems a trunaround story though the December quarter has been below market expectations i guess hence the stock is going down. Would like to know opinion on this stock.

hi saint,
even i find it good. MA etc, in fact thinking of diving right in. but lets wait for your call.(Nifty calls it SEARLE)
regards
ragh_ash

 

[jraj]

Hi Saint,

MAX started its breakout on Friday.What is the target we are looking at?

Thanks in adv,
JayRaj

 

[ramtrade]

Hi,

Would like to know the opinion on RainCalc and GNFC. Entered at bit higher prices. Planning to book losses today and enter RPG transmission. But would like have advises on this before i book my losses. Is there any chances of revival in both the stocks...?

 

[ramtrade]

Any idea about Manappuram General Finance...?

 

[ramtrade]

MA,RSI looks good but hesitation to get into this stock as i had already suffered some losses earlier. Would like to have opinion on this before i get into this again.

Thanks
Ramesh

 

[caprice]

Hi Saint,

Any remarks on UCO bank. Have holding of 100 @ 22


thanks

Nishant

 

[ramtrade]

Entered RPG transmission at 145.20 today. Escorts posted very good profits this quarter. Any opinions or ideas abt Escorts..?

 

[Saint]

Thanks a lot Saint. I had entered at 120 level. Some people tell me that targets are very high even frfom current level.

Hi Dhanan,

Great going,my friend.You are up nearly a 100 pts from your entry point,and that is a 83% gain.

Very nice!

Saint