New Intermed Uptrend!!

[Saint]

saint, i have a query for u on indoco remedies.the chart is looking fine to me.
the way trendlines r shaping up it seems that a closing above 386 can really bring good moves in this stock as it would signal a break above the upper trendline.macd line is also good.faster line has crossed slower line above signal.rsi is fine at around 50 levels.please advice if i have made a correct analysis and if yes then how should i find possible targets for the script.

Hi Misty,

Looking good so far.Agreed,needs to put up a close by the end of the week i.e Feb 17th above 385.If that happens,it is giving us an indication that it is ready to go.If then,it becomes a buy next week over this week's high.If we do not cross and end the week below 374,possibility of a breakout failure and can lead to a downward slide.So,for now,a wait and watch and see how it behaves today(Fri).

If it does breakout,expect a Rs 75-80 move up,of course,all the while make sure you have your trailing stops ready.

Saint

 

[Saint]

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.

Nope Alok,still in pullback territory.Let it give us an inclination that it is changing trend first before we do anything.

Our job as traders is not to predict,but to detect a change in trend,and then to simply latch on to it and ride it as much as possible.

That indication of a change in trend hasn't happened yet.Wait n watch for now.

All the best!
Saint

 

[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

Hi Raj,

Shall join you one of these days.

Pity abt the Guj Fluoro.

Not to worry,these patterns are many and opportunities will come again.

All the best!
Saint

 

[Saint]

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

Hi Shekhar,

STRIDES ARCOLAB :Still in an uptrend.Raise your stops to 355.HOLD as of now.

CESC :Once again,keep your stop at255,and HOLD.

TATA POWER :Stop loss at 475.At some resistance here though.

All the best!

Saint

 

[Saint]

Great call Saint.Thank you.

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

thx in adv
Avinash

Hi Avinash,

Thank you for your kind words.

3i INFOTECH :Nice neat pullback on the weekly charts.If this gap up on Feb 8th holds here forming a higher pivot low,a start of a possible move up is more than likely.Looking great here for a buy with a stop loss at 168 and a first target of 240.

All the best!
Happy Trading!
Saint

 

[srinivasud]

Hi Saint,

I am Srinivas from London, Since 5 month I am going through recos by you, but never traded because I see this recos after end of the day. I am holding Rs 5 lac portfolio (I bought just like that without any guidence) and need your advise on how to invest. And also I want to invest some more amount for long term by some advise from you. Can you please help me in this regard?

Regds
Srini
00447737517922

 

[Saint]

Hi Saint,

I am Srinivas from London, Since 5 month I am going through recos by you, but never traded because I see this recos after end of the day. I am holding Rs 5 lac portfolio (I bought just like that without any guidence) and need your advise on how to invest. And also I want to invest some more amount for long term by some advise from you. Can you please help me in this regard?

Regds
Srini
00447737517922

Hi Srinivas,

Welcome to Traderji !!

I basically am a trader.......sometimes,I tend to trade off the long term charts and therefore may hold on to something for more than a year,but I wouldn't exactly classify it as investing.If you are looking at long term investments advice,then fundamentals are important and I 'm probably not the right person to be able to help you.

But we have quite a few brains over here at Traderji who could be of great help to you,and putting your query to them may be of great benefit.

All the best!
Saint

 

[kamalthadani]

Hi Saint,
I am new to trading but have been tracking your comments - find them useful but like Srinivas (above mail) have not been able to use them actively. Whats yr take on tea stocks. they seem to be rallying upwards. Thinking of a long call there. Thanks.
- Kamal

 

[vinsu]

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

All the best!
Saint

Dear Saint ,,

Thankssssss for the wonderful TA and tip ..

Couldnt enter it ,though tracking it .. Was short of funds ,, Will have funds on Friday 17th ..
Please advice , if still an entry in GUJ Fluoro is advisable, or should i wait for your next call

Best Regards
Vinsu

 

[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

Dear Saint
Thanks for all your guidance and support .. today TATA POWER closed at 500.70.. Will keep a close watch ..
Regards
Vinsu