New Intermed Uptrend!!

[ferret]

Help Saint! I've got a heap of Marksans Pharma bought at about Rs.240-265. I am wondering if I made the right decision. What is your opinion which I value so much? Thanks in advance. Also, could you tell me if I can hold HLL?

 

[srikrp]

Hi Saint,

Had a small confusion. Would be grateful if you can clarify.

Say, a stock shows an uptrend on the daily charts.. but a small downtrend on the weekly .. which timeframe should we use. For instance, take a look at IVRCL Infrastructure.. the daily chart shows signs of an uptrend (Please correct me if I am wrong).. and a MACD crossover. RSI and stochastics do not show any confirmation.

Now, on the weekly .. it has formed a lower top and is barely holding onto the MACD line.

Now my question is.. for spotting an uptrend, should we look at the daily and confirm it with the weekly.. and what happens if the daily and weekly show contrasting signals?

If you can explain .. by looking at the daily and weekly chart of IVRCL.. it would be great.

Please excuse me Saint.. if my questions sound silly.

Thanks in advance.

Regards,
Srikanth

 

[cooltetra]

Just pulling back for now in KEC.

Hind Cons also looking great for now.Shall comment on it later once I download today's data.

Please remind me if I do forget.

And no rules broken,my friend.You are here to learn and trade.You can ask anyone here for any doubt and none of us are going to feel upset about it.The final aim is that you are benefitted.

Saint

Hello Saint...
Guess KECINTL/KECINFRA out of the shackles now. Made a good 20% jump in two trading days. Although I took 50% of my holding out of it. Still holding the rest.
Hindustan construction has been swaying a lot. And I had opted out of it with loss .
Please share your views on KECINFRA. And if possible put your thougts on PRAJIND. Almost a 100% return in a month

Regards
Coool

 

[Saint]

hi saint .
jus stopped by to say hi.......ur doin a great job.....thanx

Thanx Sandy.....

Saint

 

[Saint]

Hi Saint,
when you have time..take a look at the aegis logistics scrip

Yep,in a new uptrend.Looking great,my friend.......Buy this pullback with a stop below the previous pivot.

Great going as always!

Saint

 

[Saint]

Help Saint! I've got a heap of Marksans Pharma bought at about Rs.240-265. I am wondering if I made the right decision. What is your opinion which I value so much? Thanks in advance. Also, could you tell me if I can hold HLL?

Hi Ferret,

MARKSAN'S PHARMA is in a downtrend on the weekly,a pullback on the monthly.Buying at 240 is more of an anticipation that this higher pivot will hold.No harm so long as your stop is in the previous pivot of 199.Breaking 199,and the dntrend continues.Holding this pivot,expect a new uptrend.

Great going,Ferret!

Saint

ps:HLL is stilla hold.

 

[Saint]

Hi Saint,

Had a small confusion. Would be grateful if you can clarify.

Say, a stock shows an uptrend on the daily charts.. but a small downtrend on the weekly .. which timeframe should we use. For instance, take a look at IVRCL Infrastructure.. the daily chart shows signs of an uptrend (Please correct me if I am wrong).. and a MACD crossover. RSI and stochastics do not show any confirmation.

Now, on the weekly .. it has formed a lower top and is barely holding onto the MACD line.

Now my question is.. for spotting an uptrend, should we look at the daily and confirm it with the weekly.. and what happens if the daily and weekly show contrasting signals?

If you can explain .. by looking at the daily and weekly chart of IVRCL.. it would be great.

Please excuse me Saint.. if my questions sound silly.

Thanks in advance.

Regards,
Srikanth

Not silly at all,my friend..........will answer after market closes.

Saint

 

[vizzie]

Hi Ferret,

MARKSAN'S PHARMA is in a downtrend on the weekly,a pullback on the monthly.Buying at 240 is more of an anticipation that this higher pivot will hold.No harm so long as your stop is in the previous pivot of 199.Breaking 199,and the dntrend continues.Holding this pivot,expect a new uptrend.

Great going,Ferret!

Saint

ps:HLL is stilla hold.

Hi Saint !!

How r u doin?
First Leasing made a nice move ..
Lookin gud 2 me..
Do hv a look

cheers
vizzie

 

[Saint]

Hi Saint !!

How r u doin?
First Leasing made a nice move ..
Lookin gud 2 me..
Do hv a look

cheers
vizzie

Hi Vizzie,

Yep,new uptrend.Keep an eye on previous pivot of 46.5 as a stop point if in.

And,doing fine,my friend,and thanx for asking

Saint

 

[Saint]

Dear Saint...

I am sure you will like Punj Lloyed, GVK Power charts... they are looking pretty good.

Alok.

Yep,Alok,especially Punj LLoyd......hope you nailed that one.I was in it previously and was stopped.Now tracking it for a reentry.A mild pullback would do the trick.

Saint