New Intermed Uptrend!!

[alok]

Yup.. as usual always great calls from Saint...

Saint, I would like to know your views about JAIN IRRIGATION... I want to enter this counter.. whether it is right time?.. What are suggested entry levels?

Alok.

 

[nilesh78]

Hi Sanit,

I want your view on Bajaj Tempo.
I have entered this stock with 550. & CMP for this stock is 606.
What is the future & is it a HOLD or Sell.

Thanks In advance,

Nilesh

 

[avinash]

Great call friend ,gujarat fuoro trading at 480+ again another amazing call

Great call Saint.Thank you.

Could you give your opinion on 3i Infotech as well?

thx in adv
Avinash

 

[mkshekar]

Hi would you please give your views on Strides arcolab, Tata power and
CESC. thanx

 

[rajesh.sadhanala]

Hi Raj,

Difficult to answer that.....my conservative reply would be to wait for a consolidation sideways or a slight correction to enter on a pullback.An aggressive one would be to buy once the day's high of 453 is crossed keeping 405 as your stop loss.

A short term price target from where I'd entered was 470.

All the best!
Saint

Hi Saint,

Thanks a lot for ur opinion. I missed out Guj Floro coz I was on a meeting whole day. Never mind I will keep a track on it. Thanks for ur reply.

We are having a meeting everyday on the chat (myself, Karthik, AmitBE, murthymsr, nkpanijyar and many more). If possible, try to join us it would be great.

Regards
Raj

 

[Saint]

Hi saint
thanx for ur tips
regards

Most welcome,my friend!

Saint

 

[Saint]

Dear Saint ..

GUJ FLUORO @ 425 .. Great going ..

Regards
Vinsu

.....and today at 483.Hope you took a bite at it!

All the best!
Saint

 

[Saint]

Hello Saint,

I went through the charts of cholamandal Investment ,i understood it clearly,till now i was focussing on the pivot high as you have mentioned.

I had accidentally landed here at traderji through a google search...till then had no clue what T.A was...its been a great learning curve from then.
Thanks once again to you ,Amit and this traderji forum for giving me a start.
Long way to go.....its been a pleasure getting to learn from you.


Thanks and Regards

Roneeth

Thank you for your kind words,my friend.

Saint

 

[Saint]

Dear Saint ..

re TATA Power , ,Please advice . I have average buying price of 462 , 130 shares only . Yesterday it looked weak and i sold off 50 shares . Now left with 80 shares . today as of now , cmp is 492 , with a high of 504.90 and a low of 490 with a volumes of above 2 lakh . .

I am confused as to continue to hold and watch or sell and put money somewhere else ( Guj Flouro , maybe ) . .
Please advice .

Best regards
Vinsu

Straining here to continue its upward momentum,but as in anything in the markets,could continue its move up or fall from here.Raise your stop loss to 475 and get out if hit.Decision to sell here or wait for a stop loss trigger is a judgement call you have to make.

All the best!
Saint

 

[Saint]

Hi Saint,

I bought two scrips on 13.02.2006.

My logic and observations are as under:
1. Bank Of Baroda: It is more or less range bound. I feel it has a good support at a level of 230. It has not yet started an uptrend. But looking at the trend I expect a short term target of approx. 250-255.
Net profit in the 3rd quarter has jumped substantially compared to that of previous year, EPS 6.89,
P/E approx 12.

2. Lyka Lab: Sales increased to 48% with a good profit rise. EPS 1.08, P/E 13.
Seem to form an uptrend with higher highs and higher lows. I bought at 68. Expecting a short term target of 75. Can I hold it for a bit longer duration? or better to sell before budget?

As per today, BOB has closed at 234 and Lyka Lab closed at 71.5.


Kindly give your view on the above --- Is there anything I have missed out or wrongly interpreted?

Regards,
Babun

Hi Babun,

BOB :Still forming a huge ascending triangle on the monthly,which is bullish(usually).Looks great to make all time highs .......but judging from your time frame,it looks like you are in this to get Rs20 from it.You may or may not succeed.But for a short term time frame,BOB may not exactly have been the right candidate to enter........there are many out there with fantastic patterns where you could've made nice money out of.

Keep a stop loss of 220 though,and HOLD as of now.

LYKA LABS :Same as above.......sideways slish slosh,no clear pattern or trend.You may get your target though.Hold witha stop of 65.

Saint