New Intermed Uptrend!!

[Saint]

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

Hi Agupta,

If planning a trade on Bom Dye for medium term,no,wait for a deeper pullback to enter.

On S.Kumar,nice breakout,and pulling back now.If it can hold up over the 56 area,looks good to continue its uptrend.As always,buy the pullback.

Saint

 

[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

Hi Saint !!

Thx for the inputs.
Sincerely appreciated.
Will update u on this one as n when smthing happens.

cheers
vizzie

 

[Saint]

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.

Hi Alok,

Agree with you,strong uptrend and to new highs soon.But I'd wait for more pullback or some sideways move from here before getting in.Seems to find support on the 15ema on the weekly,so best to wait for either sideways move or pullback to the ema before entry.

Saint

 

[alok]

Thanks Saint...

 

[rahulg77]

Hi Saint,

Good to have back. Was a bit worried about your sudden dissaperance.

Rgds

Rahul

 

[ngm23]

Any views on Tata Teleservices Maharashtra Ltd. Did start a move with good volumes and then losing steam with lower volumes.

 

[vizzie]

Hi Alok,

Agree with you,strong uptrend and to new highs soon.But I'd wait for more pullback or some sideways move from here before getting in.Seems to find support on the 15ema on the weekly,so best to wait for either sideways move or pullback to the ema before entry.

Saint

Hi Saint !!

How does kernex micro look 2 ya?

cheers
vizzie

 

[prashant_bpl]

hi saint good job done pl tell me i want to enter in mahindragesco.prospectus of the company for next 2-3 yrs

 

[agupta]

Hi Agupta,

If planning a trade on Bom Dye for medium term,no,wait for a deeper pullback to enter.

On S.Kumar,nice breakout,and pulling back now.If it can hold up over the 56 area,looks good to continue its uptrend.As always,buy the pullback.

Saint

Thanks for the advice Saint. I had entered BOM DYE about 3 weeks ago and booked profits when it had its big run-up so just curious if it was prepping for something similar. Wishful thinking I guess . Anyway, am looking serioulsy at S.Kumars though. Hope it turns out to be a good call.

 

[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

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

Saint

Hi Saint,

Please reply to my query whenever you get the time.

Regards,
Srikanth