New Intermed Uptrend!!

[Saint]

LIC HSG FIN finally making its move after weeks of waiting.Nice!

Saint

 

[Saint]

Thanks Saint 4 the McLeod.Up more than 100% from entry point.

Dhanya

Hi Dhanya,

Was planning to exit on reaching 125.Kept shooting up.Now at 141.Basically although I like momentum moves,feel that this has shot up too much for my comfort.

Personally exitting here.But if you plan to hold,trail stop with tight stops.

Great going!
Saint

 

[Saint]

GUJ FLOURO making its move.Breakout and close over 410 is confirmation of making a new move up.

Saint

 

[vinsu]

GUJ FLOURO making its move.Breakout and close over 410 is confirmation of making a new move up.

Saint

Dear Saint .

Sorry , i dont mean to question your analysis, but the volumes are only 40,000. Are they enough for move up ?

Regards
Vinsu

 

[VICKY_SEEKINGINR]

Hello Saint..

I am asking you question out of topic..

I am talking about Vidioconintl

How I will get the shares? I have to do any manual
work to get these shares from vidiocon ind.?

If you can explain about it then tell me the solution.

Thanks

 

[garun1979]

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

Hi Saint,

Welspun India (bse 514162) trading at 108.5..UP 6.5 PERCENT..WITH GOOD VOLUMES..SHUD I EXIT...AS RECOMMENDED EARLIER

 

[ajesh]

hello all how u all doing

just want to know is it a good time to enter in wipro and ranbaxy or should i wait for some more time

regards

aj

 

[VICKY_SEEKINGINR]

LIC HSG FIN finally making its move after weeks of waiting.Nice!

Saint

Hi Saint.

What is the stop loss for LIC?

Thanks

 

[roneeth]

Hello Saint,

Could you please give your views on Cholamandalam Investment.
Previous weekly pivot is at 237 on 1/06/06, Past two days it tried taking it out with both days high being 243.Today closed at 235.
Monthly is making higher highs and higher lows.

Regards

Roneeth

 

[Saint]

Hello Saint,

Could you please give your views on Cholamandalam Investment.
Previous weekly pivot is at 237 on 1/06/06, Past two days it tried taking it out with both days high being 243.Today closed at 235.
Monthly is making higher highs and higher lows.

Regards

Roneeth

Hi Roneeth,

Okay,pull out your charts of Cholamandalam Investment.

You are focussing on the previous pivot high on week ending Jan 6th....Instead take a look at the weekly charts again.We have this long sideways consolidation leading to a breakout on the week ending Dec 2nd.The high of that consolidation is 153.Entry point 1:Buy over 155(give it some room).

Entry point 2:In case you didn't catch that breakout,and saw it only over the weekend after the week of Dec 2nd was over.Buy over the high of that bar i.e the high is 168.7.Buy over 170.

Entry point 3:Weekly charts in a nice higher highs and lows.Now take out the daily charts.Nice pullback on Dec 29th,30th.Buy this pullback.

Entry point 4:A top was made on Jan 4th,after which daily charts and weekly charts in pullback mode.What you do is to track the weekly charts.After the top on the Jan 6th week,next week bar formed a lower high and lower low.Jan 20th week:Lower high and lower low.Jan27th week:Lower high and low.Feb 3rd week:Lower high and low.The whole intent is to buy the moment the previous weekly high is taken out.......in this case it's 204.9.So buy over 207.

Not only all the above,we got the daily stochastics back into oversold territory,we hadvolumes slowly picking up,we have the TRIX moving back over the signal line,and we have a nice higher pivot low on the weekly.

So,if you missed entry points 1-3,entry point 4 was sweet.What you need to focus on is the higher pivot low in an uptrending market.What we want is to get in before the crowd gets in.Or at least to get in when the crowd is getting in.

If you have missed all 4 entry points,what do we do now?Either of the 2 ways to enter here:

1.The stock goes sideways to down from here.Again,I'd track it week after week till a previous week's high is taken out.......then I'm in.

2.Or if there's momentum to this move,I'd buy over 245 which is Rs 2 over today's high.But aggressive move though........always nice to buy the stock from the grounds before propulsion.Best to buy after a pullback and a base is formed.If you do get in on this over 245,only with tight stops.

All the best!
Saint