New Intermed Uptrend!!
- Thread starter Saint
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Hi Shekar,
CESC :Nothing to do here,my friend.So far so good as it breaks out to new highs.Only thing you have to do is to raise your stop loss to 263.Enjoy the ride.
TATA POWER :Same thing here.HOLD as is the case above.Keep stops at 477.Enjoy the ride.
ICICI BANK :Raise stops to 578.Get out if triggerred.
Happy Trading!
Saint
CESC :Nothing to do here,my friend.So far so good as it breaks out to new highs.Only thing you have to do is to raise your stop loss to 263.Enjoy the ride.
TATA POWER :Same thing here.HOLD as is the case above.Keep stops at 477.Enjoy the ride.
ICICI BANK :Raise stops to 578.Get out if triggerred.
Happy Trading!
Saint
Hi Gaurav,
EIH ASSOC : Do nothing,great HOLD for now.Just raise your stops to 159,and try to ride it as much as possible.
WELSPUN INDIA :Yep,still in a dntrend.As you are already in this from the 110 levels,just have a look at how the next few days pan out.If this goes to 107-110 levels(former support now becomes resistance),you could exit there and reenter once it gives you clearer signals of entry.Or you could put a stop loss at 100,and see what happens and get out if triggerred.
Charts wise,the monthly charts show nice pullback leading up to Aug 2005.That was a buy over there.But that bullish month(august) was followed by a bearish Sept and Oct negating that bullish Aug bar.Therefore we have a buy signal with no follow through,a failed buy.That's bearish.Now with a break of 107,previous pivot lows are getting cracked.I'd rather wait for a time when the stock gives me signals that a change in trend back to the upside is imminent.Till then,watchlist it is for me.If I were in,I'd exit on a rally to the 107-110 levels.
Happy Trading!
Saint
ps:Thank you for your kind words......most sincerely appreciated
EIH ASSOC : Do nothing,great HOLD for now.Just raise your stops to 159,and try to ride it as much as possible.
WELSPUN INDIA :Yep,still in a dntrend.As you are already in this from the 110 levels,just have a look at how the next few days pan out.If this goes to 107-110 levels(former support now becomes resistance),you could exit there and reenter once it gives you clearer signals of entry.Or you could put a stop loss at 100,and see what happens and get out if triggerred.
Charts wise,the monthly charts show nice pullback leading up to Aug 2005.That was a buy over there.But that bullish month(august) was followed by a bearish Sept and Oct negating that bullish Aug bar.Therefore we have a buy signal with no follow through,a failed buy.That's bearish.Now with a break of 107,previous pivot lows are getting cracked.I'd rather wait for a time when the stock gives me signals that a change in trend back to the upside is imminent.Till then,watchlist it is for me.If I were in,I'd exit on a rally to the 107-110 levels.
Happy Trading!
Saint
ps:Thank you for your kind words......most sincerely appreciated
Hi Sam,
Doing fine,my friend.Thank you for asking!
RANBAXY:Nope,don't think so.We are now at an area of stiff resistance .It's going to take more sideways grinding or further fall from here before we power upwards.Basically,I would turn bullish only after Ranbaxy goes back above 560.Below 375,I am bearish.Here,it's all slish-slosh.Does it have what it takes to go back to 560 levels.Maybe,maybe not.But its going to take some doing before we can clear all these supply areas,and in all this volatility,I'd rather my funds allocated somewhere else where I can enjoy a smooth ride with greater returns,than a roller coaster ride with minimal returns.
PETRONET LNG :Still a HOLD with stop losses at 52.So far so good.
Thank you for your kind words,my friend!
Happy Trading!
Saint
Doing fine,my friend.Thank you for asking!
RANBAXY:Nope,don't think so.We are now at an area of stiff resistance .It's going to take more sideways grinding or further fall from here before we power upwards.Basically,I would turn bullish only after Ranbaxy goes back above 560.Below 375,I am bearish.Here,it's all slish-slosh.Does it have what it takes to go back to 560 levels.Maybe,maybe not.But its going to take some doing before we can clear all these supply areas,and in all this volatility,I'd rather my funds allocated somewhere else where I can enjoy a smooth ride with greater returns,than a roller coaster ride with minimal returns.
PETRONET LNG :Still a HOLD with stop losses at 52.So far so good.
Thank you for your kind words,my friend!
Happy Trading!
Saint
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