New Intermed Uptrend!!

[ramtrade]

Agreed,my friend........with every passing day as this one makes new highs and that ugly down bar on the montly gets negated,things are looking more and more positive.And yet, am not too comfortable with the way the pattern looks.Still looks like too much supply to overcome before we have a move up.

Either way,if in,make sure you have stops in place.

All the best!
Saint

Saint,

I am having SL Rs154/-. Thanks Saint.

 

[ramtrade]

Saint,

I am having SL Rs154/-. Thanks Saint.

I guess i am thinking toomuch abt stocks. When writing abt the above SL, i was thinking abt IndSwift labs and hence Rs154/-. Saint can you suggest the SL for Orchid Chemicals...?

 

[pnbalaji]

Hi Balaji,

SBI :So far so good,either direction a possibility from here.For now,a HOLD.Raise your stops to 858.

WIPRO :Again,a HOLD.Raise the stops to 440.

You are in profit territory on both even if stopped,both are HOLDS and looking higher.Enjoy the ride!

HappyTrading!
Saint

Thanks for the reply saint. I am having demat and trading account with UTI securities, but planning to close UTI and open a new account with ICICI. Thats why I am planning to sell most of my holdings and build a new portfolio.

Thanks,
Balaji.

 

[roneeth]

Hello Saint,

Praj Industries down by 9%... Anything happening in this counter.

Regards

Roneeth

 

[Saint]

Hello Saint,

Praj Industries down by 9%... Anything happening in this counter.

Regards

Roneeth

Yep,stopped out.

What's happening wise,check out the below article from capitalmarket.com

Praj Industries slumps after a flop Q3

Praj Industries slumped 7.5% to Rs 107.20 on 2.46 lakh shares after it unveiled dismal results for Q3 December 2005.


The stock witnessed a sharp spurt from the close of Rs 84.35 on 22 November 2005 to end at Rs 121.75 on 16 January 2006 in anticipation of vibrant results.

Praj Industries reported a 53.30% slide in net profit for the Q3 ended December 2005 to Rs 3.2 crore (Rs 7.93 crore) while net sales slipped 32.5% to Rs 53.62 crore (Rs 79.43 crore).

Praj offers innovative solutions to significantly add value in alcohol and brewery technology and related waste-water treatment systems for customers in India and around the world. Praj is a knowledge-based company with expertise and experience in bioprocesses and engineering. It delivers know-how, license, engineering design, plant & equipment, project-management, project-commissioning, customer- care and turnkey projects.

Earlier this month, Praj Industries bagged distillery orders worth over Rs 100 crore from Bajaj Hindustan.

 

[roneeth]

Hello Saint,

Yes got stopped out.Thanks for information.

Regards

Roneeth

 

[sachinrs]

Gujambuja

Saint bhai plsssssss help. purchased gujambuja at 95 today... such a stupid. now wht shud i do? hold or average and exit? pls help with data...

Thx in anticipation & regards,

njoyyyyyyyyyyy

 

[sam]

Hi Saint - How are you??

I am back into the market after quite sometime now - did not do any trading for quite sometime, but holding my previous entries.

Now looking to build a new portfolio with a medium term prospective - would you advice me to enter at these levels? I am taking closer look at a few stocks - would like to know the technicals of these scrips if you are following the same...

The scrips I am looking at for building my portfolio are : SBI, Arvind Mills, Wockhardt, 3i Infotech....would like to know how the charts look for these scrips!

Also would like to know your view on PTC (Power Trading Corp) and Petronet LNG which I am already holding!!

Thanks,
Sam.

 

[Saint]

Time for some caution around these levels.For medium term players,may be wise to take some off the table and tighten stops except in the select few.

Happy Trading!!
Saint

 

[Saint]

Hi Saint - How are you??

I am back into the market after quite sometime now - did not do any trading for quite sometime, but holding my previous entries.

Now looking to build a new portfolio with a medium term prospective - would you advice me to enter at these levels? I am taking closer look at a few stocks - would like to know the technicals of these scrips if you are following the same...

The scrips I am looking at for building my portfolio are : SBI, Arvind Mills, Wockhardt, 3i Infotech....would like to know how the charts look for these scrips!

Also would like to know your view on PTC (Power Trading Corp) and Petronet LNG which I am already holding!!

Thanks,
Sam.

Hi Sam,

Welcome back ........Long time no hear,my friend.Great to have you back.

Nope,not the time to enter.......feel a correction is around the corner,that would be a great opportunity to enter.Not now.

SBI :A great stock to have in any portfolio,but this recent rally did not get the participation pf the PSU banks including SBI,which is a sign of relative weakness.Think you can get it at a cheaper price soon if willing to wait.

3I INFO:Looking great ,but wait and watch for now and let's see how this pans out.

WOCKHARDT :At strong resistance here,stay clear for now.Once again,get in on a pullback.

ARVIND MILLS :Still in a downtrend.But bullish divergences seen in TRIX and the RSI.From the short term perspective,we could expect a move up soon...but from a longer term view,stay out and watch for now.

Happy Trading!
Saint