New Intermed Uptrend!!

[gandharvashu]

Hi Saint!

good correction on way. I think after a bump up tomorrow we will start seeing downslides. read an article in business standard in RJ was talking about level of 7000. I think when a bull like RJ says 7000, it is to be taken of note. What r ur views on this

 

[vizzie]

Hi Saint!

good correction on way. I think after a bump up tomorrow we will start seeing downslides. read an article in business standard in RJ was talking about level of 7000. I think when a bull like RJ says 7000, it is to be taken of note. What r ur views on this

yep agreed..

gettin slippery in there..
better to sit on the sidelines n watch..

cheers
vizzie

 

[ramtrade]

Saint, Need your help again on the Indswift labs. The price has been declining for past few sessions on low volumes < 1L. Is it advisable to re-enter the stock at Rs 150/- ?

Thanks
Ramesh

 

[vinsu]

TATA Power

Hi Saint .

I need your advice on TATA Power .

TATA Power closed yesterday 465.75 with 9 lakh volumes .
It has just crossed my buy price . I hold 130 shares

Please advice whether i should hold or exit ??
It tends to go down very quickly in correction and a correction is expected soon at the current mkt levels , as i read in posts .

Please guide me .
Thanks for all your support .
Vinsu .

 

[Saint]

Saint, Need your help again on the Indswift labs. The price has been declining for past few sessions on low volumes < 1L. Is it advisable to re-enter the stock at Rs 150/- ?

Thanks
Ramesh

Hi Ramesh,

Here was what I had said a few days back..........same status even now.

Originally Posted by Saint
Hi Ramesh,

IND SWIFT LABS :Monthly charts in pullback mode from the highs of 296.Weekly is still in lower pivot highs and lows.This one may hold these levels and start to blast up,or may go down further from here.Let it demonstrate strength before committing funds to it.More interesting if this can put in an end of the week close over 176.Nice watch for now.

Happy Trading!
Saint

Still in the process of forming lower pivot highs and lows......let prices hold at a level.Enter on demonstration of strength which means that it suddenly starts to make a higher pivot low or if it takes out the previous pivot high.For now,it's still in a downtrend,a pullback on the weekly and monthly.

Don't anticipate an entry.........like in any battle,the smart general fights on the place he wants and the time he chooses,the time when the enemy is the most vulnerable and his own army at its strongest.Till then he dilly dallies,he waits till he is at his strongest.

Like the prowling tiger and the waiting general,time for a wait and watch for now on this stock.At present,you are not at the strongest as this stock does its thing.

Keep prowling,keep dilly dalying for now!

Saint

 

[Saint]

Re: TATA Power

Hi Saint .

I need your advice on TATA Power .

TATA Power closed yesterday 465.75 with 9 lakh volumes .
It has just crossed my buy price . I hold 130 shares

Please advice whether i should hold or exit ??
It tends to go down very quickly in correction and a correction is expected soon at the current mkt levels , as i read in posts .

Please guide me .
Thanks for all your support .
Vinsu .

Hi Vinsu,

TATA POWER :Making a higher pivot low on the weekly.Sitting at some resistance though.But a HOLD nevertheless.Keep your stops at 435.So far so good.......

All the best!
Happy Trading!
Saint

 

[vinsu]

Re: TATA Power

Hi Vinsu,

TATA POWER :Making a higher pivot low on the weekly.Sitting at some resistance though.But a HOLD nevertheless.Keep your stops at 435.So far so good.......

All the best!
Happy Trading!
Saint

Dear Saint ..
Thanks for the quick reply .. I appreciate all your guidance . Will hodl TATA Power .
regards
Vinsu

 

[Dhanya]

Hi Saint,

Plz update on a few stks.

PUNJAB TRACTORS
ABAN LLOYD
HIMATSINGKA
PROVOGUE-already taken profits,but still holding half
BOMBAY DYEING-Ditto
KEI IND -Ditto
INDIA BULLS-Ditto

Got profits in SAREGAMA,MAX,EVEREST KANTO and exitted all.Thank you.
Got stopped out the last half of PRAJ,but still profits.Thank you

thnx in adv,
Dhanya

 

[Saint]

Hi Saint,

Plz update on a few stks.

PUNJAB TRACTORS
ABAN LLOYD
HIMATSINGKA
PROVOGUE-already taken profits,but still holding half
BOMBAY DYEING-Ditto
KEI IND -Ditto
INDIA BULLS-Ditto

Got profits in SAREGAMA,MAX,EVEREST KANTO and exitted all.Thank you.
Got stopped out the last half of PRAJ,but still profits.Thank you

thnx in adv,
Dhanya

Hi Dhanya,

Same as your positions,except that I am still holding a 1/3 of Everest Kanto as well.

ABAN -Raise your stops to breakeven.
KEI -raise stops to 243.Hold the back half.
BOM DYE-Raise stops to 340 for the back half.
IND BULLS -raise stops to 185 for the back half.
PROVOGUE-Raise stops to 250 on the back half.
HIMATSINGKA-Keep stops at 131.
PUNJAB TRACTORS -Raise stops to break even.

Great going on the others!For those still in EVEREST KANTO,raise stops to breakeven on the back half or back third whichever pertains.

Happy Trading!
Saint

 

[Saint]

For those in ALSTOM PROJECTS,raise stops to 244.Raise stop loss of MPHASIS BFL to 147.

Saint