New Intermed Uptrend!!

[garun1979]

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

Hi Saint,

Thanks a lot for your guidance. Laos have taken note of ur observations on Satyam and IDFC. Have a position in those two as well.

Regards
Gaurav

 

[Saint]

Thanks Saint..

Last time you recommended Bank of India.
Now its near to support level.. any take on bank of india.?
please mention the sl and target level...

Thanks

Hi VICKY,

Got stopped out a long time back.But sign of strength in BOI as last week's bar practically negated the previous week's down bar that broke through trendlines.If still in,it's a HOLD with a stop loss at 107.5.Once we break to new highs,raise stop loss to 115.

Happy Trading!
Saint

 

[VICKY_SEEKINGINR]

Thanks For Quick Reply..

 

[Saint]

hi saint,
look A at AVAYAGCL , WILL YOU?
I SEE CROSSOVER+tRIX
REGARDS

At some resistance here,may take some sideways consolidating before we see a trend move again.Pivots wise,still lower pivot highs and lows.......wait and watch.

Happy Trading!
Saint

 

[Saint]

hi saint,
remenbering what u have written in earlier posts,
BLUE COLORED scrips are where u still hold a position
and OTHERS are u are explaining?
right
regards

Hi Ragh_Ash,

I am a trader and my job is to make profits by latching on to trends.The blue ones are what I have found yummy if it crosses those levels mentioned.And yes,I enter the blue ones myself,and make targets or get out at stops mentioned like every one else.

And,yes,the ones not in blue,I am answering a question.

Saint

 

[vinsu]

Dear Saint ..

You mentioned Pentaloon Retail GUJ Fluoro , INdo Gulf and IDFC in DARK BLUE fonts.
It means you have taken positions on those scrips ..
Please advice .
Regards
Vinsu

 

[vinsu]

Dear Saint ..

You mentioned Pentaloon Retail GUJ Fluoro , INdo Gulf and IDFC in DARK BLUE fonts.
It means you have taken positions on those scrips ..
Please advice .
Regards
Vinsu

Dear Saint .
I got the answer in the above post .
Thanks .
Vinsu

 

[Saint]

Taking more off the table from McLeod.........if reaches 122-125,exitting the total amount.Back half stop=103

Saint

 

[nkpanjiyar]

Hi NK,

IDFC :So far lower pivot highs and lows.Sitting in a symm triangle for now.A break above 71.5 is taking out the previous pivot high and a break out of this triangle,thereby telling us that a change in trend to the upside is in progress.Buy at 72 with a stop loss at 67.5 and a first target of 86.

Happy Trading!
Saint

Thanks a lot Saint. I am watching it to make entry as suggested. I feel IDFC can be one of the counter for long term investment too.

cheers,
nkpanjiyar

 

[nilesh78]

Hi Saint,
I want your view on Maruti Udyog & Mahindra & mahindra.
Is there any possiblity of slipage in these two stocks so that i can enter in these stocks.
Pls guide.