New Intermed Uptrend!!

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leo_16 said:
Hi,

I am a new member in this group.
I have bought MCDOWELL shares @ 520.

Please comment on this share. Is it a hold or sell?


Thanks,
leo
Hi Leo,

Nice.......you caught that move on Feb 13th.Great going....now give it time to consolidate.A definite HOLD as of now.Raise your stops to 500,once the high set up on Feb 14th is taken out,raise your stops to 555.

Great going!

All the best!
Happy Trading!
Saint
 
shivswami said:
hi saint,
please comment on nifty future for march
Hi Shiv,

Nothing much to comment really.This market is still very strong.And shorting strength is suicide.Although we have a rising wedge pattern and negative divergences that all tell us to be cautious,the confirmatory down move has not come and therefore it would be dangerous for us to guess,anticipate and predict a top.

As far as fresh buys are concerned,I see all the above and overbought stochastics, a budget that is coming(and I am not sure of the resultant political fall out),etc.......not exactly in a buy nifty future march series swing mode either.

Basically,if you are in to intraday trading,fine.There are stock specific plays that are interesting.On the market,I am in CAUTION mode.Am sitting on hands right now ready to pounce on any opportunity,but till then sitting on hands.Nothing else.....

Happy Trading!
Saint
 
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