New Intermed Uptrend!!

[SSM]

Hi Saint,
Is there a smallish H&S in VSNL daily charts
Pls confirm with levels
Regards

 

[Saint]

Hi Saint,
Is there a smallish H&S in VSNL daily charts
Pls confirm with levels
Regards

A H&S must come after an uptrend,not during a pullback or dntrend.So,no,not considered so on the daily charts.But yes,this would look like a H&S on the hourly charts.I suppose then the break of 365 would be considered a break in the "Neckline" for a short move down.

Saint

 

[rajesh.sadhanala]

Ouch Raj,you're in a mess.Only thing I can tell you is that if we get a rally from here,get out on the rally.Don't hope for 110.Also put a stop loss at 91.If this takes out,get out and try to make your money somewhere else.

Hope this rallies though and you get to come out of this one without too much loss.

Saint

Thanks Saint, Will do that. Market looking quite steep down. At current scenario any suggestions.

Following Gujfluro and it come a long way down, any trend reversal soon or it is going to touch 400 soon.

Regards
Raj

 

[Nachiket]

Hi Saint..
I am really happy to be with all you guys..
i have bben following your discussion for last few weeks
i am new member in this trading field. Can you give some suggestions regarding which stocks should i go for to start with.

 

[Saint]

Hi Saint..
I am really happy to be with all you guys..
i have bben following your discussion for last few weeks
i am new member in this trading field. Can you give some suggestions regarding which stocks should i go for to start with.

Hi Nachiket,

I have been looking at TRIVENI ENGG last few weeks.If this can go over 83.25,looks good for an entry with a stop of 74.75.But be careful about the market around these levels though.If we get a pullback in the markets,then can pile on the longs.Here,some caution best advised.

Saint

 

[VICKY_SEEKINGINR]

Nice find.The toughest resistance area is the 500 levels.Till then a whole lot of slish slosh,but that strong wide range bar in the 1st week of Jan followed by this pullback makes it look interesting.If this can take out last week's high of 480,looks good for an entry and an add over 506 with a stop loss of 425

Saint

LOOKING TO BREAK SL LEVEL..

WHAT TO DO?

HAVE TO SEE TODAY'S CLOSE?

THANKS
VICKY

 

[Saint]

LOOKING TO BREAK SL LEVEL..

WHAT TO DO?

HAVE TO SEE TODAY'S CLOSE?

THANKS
VICKY

Which sl level,Vicky,we are not in this trade for the stop to be taken out in the first place??!

I feel this is a break of trendlines,and looking ugly as of here.What ever your stops were,take it,or sell off on arally if happens............but you shouldn't have been in this in the first place.

Hope you are able to exit with as little a loss as possible.

Saint

 

[Saint]

Which sl level,Vicky,we are not in this trade for the stop to be taken out in the first place??!

I feel this is a break of trendlines,and looking ugly as of here.What ever your stops were,take it,or sell off on arally if happens............but you shouldn't have been in this in the first place.

Hope you are able to exit with as little a loss as possible.

Saint

Hi Vicky,

Judging from your post in Doubt Relief,presume you've been in this one for some time.Yep,I'd exit at 425,maximum pain I'd take is 407.....after that no more pain as far as I am concerned.

But all this math should've been done before the trade and share sized accordingly.Anyway,hope you come out with as little as losses as possible.

Saint

 

[mkshekar]

hi saint may i have your opinion on aurobindo pharma?. i got in at 265 futures.
thank you

 

[VICKY_SEEKINGINR]

Hi Vicky,

Judging from your post in Doubt Relief,presume you've been in this one for some time.Yep,I'd exit at 425,maximum pain I'd take is 407.....after that no more pain as far as I am concerned.

But all this math should've been done before the trade and share sized accordingly.Anyway,hope you come out with as little as losses as possible.

Saint

Hi Saint.

I exited in loss....

Thanks
Vicky