New Intermed Uptrend!!

[agupta]

Saint,
Are you still holding on to BOM DYE?
I'm still in ,though took profits here and there.
nice trade!
Dhanya

Is it a good time to enter BOM DYE? Also any thoughts on S.KUMAR?

 

[srinivasud]

Hi Srini,

Nice move in RUCHI INFR......starting a new uptrend.Looking good as of now.

nice find -AJANTA PHARMA as well........especially if it holds the 88 area.

Saint

Thanks Saint for your reply,

By EOD today,
Ajanta Pharma: No Change in Chart (Price & Volume almost same as previous day), does this mean it is getting consolidated or do we need to wait for some more days to get a clear idea?

Ruchi Infra: It moved further so I entered into it. Is my entry correct?

One more question - I am hearing about alround correction in the market in coming days, does this mean I should offload all my holdings irrespective of their fundamentals (Like RIL, INFY, ICICI Bank, etc)?

Thanks & Regds
Srini - London

 

[vizzie]

Hi Srini,

Nice move in RUCHI INFR......starting a new uptrend.Looking good as of now.

nice find -AJANTA PHARMA as well........especially if it holds the 88 area.

Saint

Hi Saint !!

Asian Paints after a gud mild 3 mnths pullback has started a move.
Is it worth an entry here or shld we give it sm more time and wait for a pullback.
Seems gud with a SL at 620.

cheers
vizzie

 

[Saint]

Hi Saint !!

Asian Paints after a gud mild 3 mnths pullback has started a move.
Is it worth an entry here or shld we give it sm more time and wait for a pullback.
Seems gud with a SL at 620.

cheers
vizzie

Yep,Vizzie.....looking good.Starting a new uptrend after some time sideways.

Saint

 

[Saint]

Thanks Saint for your reply,

By EOD today,
Ajanta Pharma: No Change in Chart (Price & Volume almost same as previous day), does this mean it is getting consolidated or do we need to wait for some more days to get a clear idea?

Ruchi Infra: It moved further so I entered into it. Is my entry correct?

One more question - I am hearing about alround correction in the market in coming days, does this mean I should offload all my holdings irrespective of their fundamentals (Like RIL, INFY, ICICI Bank, etc)?

Thanks & Regds
Srini - London

Hi Srini,

Up some more today on Ruchi Infra,so far so good.On Ajanta Pharma,yes so far ina sideways consolidation.If you do enter it,do so with a stop loss of 82.

Keep your stops on all those stocks that you are in.A break in trend in any of those,and time to exit.As for the market,the trend of the markets is still up until change happens.One more thing,also depends on your time frame.........I guess you entered them looking at the fundamentals and the long term story.Charts wise,long term charts are still very bullish.The question is:Can you hold on when the monthly charts correct,and all around you people call that a CRASH?If not a problem,great.They are all HOLDS.If it is a problem to hold,then get out once the intermediate term changes to the down.Keep your stops,and get out when this trend cracks to the down.

All the best!
Saint

 

[vizzie]

Yep,Vizzie.....looking good.Starting a new uptrend after some time sideways.

Saint

Hi Saint !!

Was lookin at the chart of Rajesh exports.
Very juicy consolidation over the past couple of mnths..
But historically, it consolidates for a very long period before makin a move.
Would luv 2 hv ur views on it.

cheers
vizzie

 

[Saint]

Hi Saint !!

Was lookin at the chart of Rajesh exports.
Very juicy consolidation over the past couple of mnths..
But historically, it consolidates for a very long period before makin a move.
Would luv 2 hv ur views on it.

cheers
vizzie

Hi Vizzie,

Nice wide range bar on high volumes on the weekly,and then a sideways consolidation,looks good.As you have commented yourself,feel that the consolidation has more to go.But if you do not want to miss out on the move,no harm in buying here with your stops at the base of the consolidation.

Saint

 

[alok]

Dear Saint,

Please have a look at Aditya Birla Nuvo charts (cmp.912). It appears to me that after a small pull back in last 4-5 days, it is getting ready to make new highs. More lights please...

Alok.

 

[srinivasud]

Hi Srini,

Up some more today on Ruchi Infra,so far so good.On Ajanta Pharma,yes so far ina sideways consolidation.If you do enter it,do so with a stop loss of 82.

Keep your stops on all those stocks that you are in.A break in trend in any of those,and time to exit.As for the market,the trend of the markets is still up until change happens.One more thing,also depends on your time frame.........I guess you entered them looking at the fundamentals and the long term story.Charts wise,long term charts are still very bullish.The question is:Can you hold on when the monthly charts correct,and all around you people call that a CRASH?If not a problem,great.They are all HOLDS.If it is a problem to hold,then get out once the intermediate term changes to the down.Keep your stops,and get out when this trend cracks to the down.

All the best!
Saint

Saint,

Thank you verymuch for your suggestion. I invested in BIG stock on long term perspective. So will hold it. As far small caps I will keep stop losses and wait for the breakout. I think I may meet you today night in the chat room will disturb you for some stops on diff stocks.

Thanks once again

Srini - London

 

[Saint]

Saint,
Are you still holding on to BOM DYE?
I'm still in ,though took profits here and there.
nice trade!
Dhanya

Yes Dhanya,nice move by Bom dye......we are up 150% so far.And yes,still holding on to it.

Saint