New Intermed Uptrend!!
- Thread starter Saint
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Hi Makri and Leyakath
It would be difficult for anybody to answer your question at time time as Bottom is not yet seen. If you had stop losses you should have exited long back. At this stage if you are still in profit cut it loose and come back again when uptrend is confirmed. If you are in loss stiil the same advice. It is better to loose little less than little more.
Further you entry prices would determine your strategy. Fundamentals will have to come into play at some point of time and market will still be there. But you should have cash to cash on the uptrend at that time.
Mostly you have good stocks but is this the time to argue? Wait for market to come to you as an investor. It will sooner or later.Where else will it go?
Pankaj
It would be difficult for anybody to answer your question at time time as Bottom is not yet seen. If you had stop losses you should have exited long back. At this stage if you are still in profit cut it loose and come back again when uptrend is confirmed. If you are in loss stiil the same advice. It is better to loose little less than little more.
Further you entry prices would determine your strategy. Fundamentals will have to come into play at some point of time and market will still be there. But you should have cash to cash on the uptrend at that time.
Mostly you have good stocks but is this the time to argue? Wait for market to come to you as an investor. It will sooner or later.Where else will it go?
Pankaj
Re: what about South Indian bank
Hi Makri,
The future!?Nobody can tell you the future of anything,my friend.......even an astrologer tells one about likelihoods and probabilities using their charts.Charts tell us about the PRESENT.......as far as the markets are concerned,we are in an intermediate dntrend.Therefore,we look to short every rally,or stand aside and wait for a new uptrend to emerge.As far as the 2 stocks above are concerned,SOUTH INDIA BANK is in sideways consolidation and is not falling like most of the other stks.HITACHI,from the weekly,also in sideways terrain,but a break below 74,and we are in a dntrend.
Advice:If planning to enter into an intermed trade,although SI BANK ,looking so far so good,best to stay out of this pain.As said before,Stand Aside.......look to enter into the good stocks that are looking relatively good after this fall is done.
If planning to enter as an investor,and looking to the very long term,still stand aside.......and heed the kindly advice of Pankaj above.Thanx Pankaj...
All the best!
Saint
Hi Makri,
The future!?Nobody can tell you the future of anything,my friend.......even an astrologer tells one about likelihoods and probabilities using their charts.Charts tell us about the PRESENT.......as far as the markets are concerned,we are in an intermediate dntrend.Therefore,we look to short every rally,or stand aside and wait for a new uptrend to emerge.As far as the 2 stocks above are concerned,SOUTH INDIA BANK is in sideways consolidation and is not falling like most of the other stks.HITACHI,from the weekly,also in sideways terrain,but a break below 74,and we are in a dntrend.
Advice:If planning to enter into an intermed trade,although SI BANK ,looking so far so good,best to stay out of this pain.As said before,Stand Aside.......look to enter into the good stocks that are looking relatively good after this fall is done.
If planning to enter as an investor,and looking to the very long term,still stand aside.......and heed the kindly advice of Pankaj above.Thanx Pankaj...
All the best!
Saint
Hi Leyakath,
They are all looking great for the long term,and if you are in al these as a long term trader or as an investor,it is a HOLD.The markets have gone into an intermediate dntrend,but is still in Bullish territory on the Long Term.........so all the above,HOLD.
Intermediate term:Should have exitted all of these nearly 2 weeks ago......and if still holding on to them,look to sell them off on a rally in the weekly charts.
If you are looking to enter any of these,not yet the time for now.........still a Stand Aside,Wait n Watch mode.No indication for a buy yet......
All the best!
Happy Trading!
Saint
They are all looking great for the long term,and if you are in al these as a long term trader or as an investor,it is a HOLD.The markets have gone into an intermediate dntrend,but is still in Bullish territory on the Long Term.........so all the above,HOLD.
Intermediate term:Should have exitted all of these nearly 2 weeks ago......and if still holding on to them,look to sell them off on a rally in the weekly charts.
If you are looking to enter any of these,not yet the time for now.........still a Stand Aside,Wait n Watch mode.No indication for a buy yet......
All the best!
Happy Trading!
Saint
Hi Guys,
I am a beginer and joined this forum recently. I came across these charts and want to know if there is any site which gives you these charts for any shares. Sorry if this is a stupid question but very much interested to know if anyone allows you to see the charts for free.
Thanks in advance
I am a beginer and joined this forum recently. I came across these charts and want to know if there is any site which gives you these charts for any shares. Sorry if this is a stupid question but very much interested to know if anyone allows you to see the charts for free.
Thanks in advance
Re: what about South Indian bank
Hi Saint
This is what I have learnt from this forum and above all from you and Amit.
I am seeing many great people develop doubt at one point and another and some sane advice is always welcome to put thigs in perspective so as not to cause psychological distress. There will always be another day and one should prepare for it with the lessons learnt.
Thanks for your encouragement.All credit is yours.
Pankaj
Hi Saint
This is what I have learnt from this forum and above all from you and Amit.
I am seeing many great people develop doubt at one point and another and some sane advice is always welcome to put thigs in perspective so as not to cause psychological distress. There will always be another day and one should prepare for it with the lessons learnt.
Thanks for your encouragement.All credit is yours.
Pankaj
Try www.icharts.in
Hi Judemit,
Go to http://www.icharts.in/charts.html, you will get charts for all indian stocks for free. If you want charts with free TA goto http://stocks.dlngroup.com/technical-analysis/ind/NSEI .
Bye
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