New Intermed Uptrend!!

[pnbalaji]

Hi Saint,

Can you please tell me if TFCILTD has formed a double bottom?. Is it safe to enter now?.

Scrip - Tourism finance corporation of india
Code - TFCILTD.NS

Thanks,
Balaji.

 

[chachi]

Hi Saint,

Can you please tell me if TFCILTD has formed a double bottom?. Is it safe to enter now?.

Scrip - Tourism finance corporation of india
Code - TFCILTD.NS

Thanks,
Balaji.

Hi Balaji,

With complete respect, I suggest you not to put the same post in different threads, which may draw different comments from different members leading to confusion. This is only a humble request.

regards
chachi

 

[pnbalaji]

Hi Chachi,

Sorry. My intension was not to confuse or gets confused as all the seniors at traderji are very much knowledgeable. But I would like to hear the views of all seniors so as to learn as much as possible.

Thanks,
Balaji.

 

[rahulg77]

Hi saint,

if a stock is on a pull back we willl buy if the new tick makes a higher high and higher low. now our buy point will be if tomm it goes above todays hi. If the correction continues will we keep reducing our buy point like this? what if the indicators turn negative or it goes below previous pivot low...do we wait for it to make an uptrend again or we still buy knowing that the pull back was cause of overall market and not stock specific. also we buy above the previous high during same trading day or it should close above the previous high.

Rgds

Rahul

 

[Saint]

Hi saint,

Above reference is from old post-3167. Please give your views on MRO-TEK please. CMP is 98.
from the chart, support at 75. First target should be 125. Can it go further?

Regards
Chachi

Hi Chachi,
Still looks great,especially if it holds this area.Agree on the targets set.......but would be great if it can go to new highs before the end of the month.Else,more sideways to follow.

All the best!
Saint

 

[Saint]

Hi Saint,

Can you please tell me if TFCILTD has formed a double bottom?. Is it safe to enter now?.

Scrip - Tourism finance corporation of india
Code - TFCILTD.NS

Thanks,
Balaji.

Hi Balaji,

Tourism Finance:Formed a double top and then we got this downtrend.Now a higher pivot low on the daily and weekly,and yet.........feel there is too much resistance to plough through.Maybe if it can go back to the 18 levels and then go sideways,then probably an entry.For now,wait and watch......

All the best!
Saint

 

[pnbalaji]

Hi Balaji,

Tourism Finance:Formed a double top and then we got this downtrend.Now a higher pivot low on the daily and weekly,and yet.........feel there is too much resistance to plough through.Maybe if it can go back to the 18 levels and then go sideways,then probably an entry.For now,wait and watch......

All the best!
Saint

Thanks Saint. Will keep on my watch list. But I do not prefer to enter into any low priced stocks during this correction period.

Thanks,
Balaji.

 

[Saint]

Thanks Saint. Will keep on my watch list. But I do not prefer to enter into any low priced stocks during this correction period.

Thanks,
Balaji.

Great going,Balaji..............for now,stand aside.This correction has more to go.Manage your longs that you hold on to as of now.No new longs for now unless you get a super juicy pattern that is not following the mkt.

Saint

 

[pnbalaji]

Saint,

Have one more question. Holding DABUR India from 86 Rs onwards. Yesterday, it touched a high of 173 and now trading at 155. Can I hold it for long term or book profits at the current level?. Do you see any immediate downtrends with Dabur?.

Thanks,
Balaji.

 

[Saint]

Saint,

Have one more question. Holding DABUR India from 86 Rs onwards. Yesterday, it touched a high of 173 and now trading at 155. Can I hold it for long term or book profits at the current level?. Do you see any immediate downtrends with Dabur?.

Thanks,
Balaji.

Hi Balaji,
If it were me, I'd take some off the table here.

Great trade,my friend!
Saint