New Intermed Uptrend!!

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Dhanya said:
Hello Saint!

Good to see this thread back in action.Please could you give your views on INDIA BULLS,it has been sideways last few days.Also it is forming higher pivot low on the weekly.

Thanks in advance,

Sincerely,
Dhanya
Hi Dhanya,

INDIA BULLS:Been going sideways for nearly a month now,the daily looking like a long possibility over 278.But that weekly is still in correction mode.......agreed overall things looking better over here rather than most other stocks.

But don't guess an entry here,either direction is possible from here.........an entry at 281 if it starts to breakout.Else,stand aside.

Happy Trading!!
Saint
 
jraj said:
Yes,Saint,good to have you back in action.....

Could you please have a look at Reliance Capital for short to medium term ?

Thanks,

Jay Raj
Hi Jay Raj,

Looking more and more like an inverse H&S in progresson the daily.If this area holds and starts to move upwards,an intermed trade only if it can cross 511.Good find,Jay,but watchlist for now......

Therefore a BUY at 511 and an ADD at 531.Else,stand aside.


Happy Trading!
Saint
 
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Saint said:
Hi Jay Raj,

Looking more and more like an inverse H&S in progresson the daily.If this area holds and starts to move upwards,an intermed trade only if it can cross 511.Good find,Jay,but watchlist for now......

Therefore a BUY at 511 and an ADD at 531.Else,stand aside.


Happy Trading!
Saint
Thanks Saint :)

Sincerely,
Jay Raj
 
Hi Saint,
Couild u please comment on infotech enterprices (infotecent) CMp 515.i entered this scrip when it broke the 450 region which for my inexperienced was a higher pivot.And right now it looks like it has formed a higher pivot at 495-500 levels.I wanna add more to this stock because i bought only 50% and could not add more because i am not comfortable when i have a look the weekly graph something tells me it has to break 550 for a longer term buy..Please correct me if i am wrong.
Also would like u r views on praj industries.I bought it at the last bull run and sold 30% of my holdings at 202 and then 30% more at 157.However was not able to cover because the move from 130 to 160 were all in circuits Now it has reached 180 and it looks like it is consolidating here.What should i do now?? Weekly it looks nice..looking abck it looks like i should have entered at 160 however was very nervous that time and the graphs were looking diffrent was looking for a break of 180 now that 180 i am still confused..confused because of the fall on friday.
Please comment on this..! Thanks a lot.
Trading using pivots looked so simple on "teach a man to fish" however when it comes to fishing real time in the mkts..Whew! it is so very diffrent. Please do not stop "teach a man to fish" it is my bible...!!
 
Hi Saint,
Couild u please comment on infotech enterprices (infotecent) CMp 515.i entered this scrip when it broke the 450 region which for my inexperienced was a higher pivot.And right now it looks like it has formed a higher pivot at 495-500 levels.I wanna add more to this stock because i bought only 50% and could not add more because i am not comfortable when i have a look the weekly graph something tells me it has to break 550 for a longer term buy..Please correct me if i am wrong.
Also would like u r views on praj industries.I bought it at the last bull run and sold 30% of my holdings at 202 and then 30% more at 157.However was not able to cover because the move from 130 to 160 were all in circuits Now it has reached 180 and it looks like it is consolidating here.What should i do now?? Weekly it looks nice..looking abck it looks like i should have entered at 160 however was very nervous that time and the graphs were looking diffrent was looking for a break of 180 now that 180 i am still confused..confused because of the fall on friday.
Please comment on this..! Thanks a lot.
Trading using pivots looked so simple on "teach a man to fish" however when it comes to fishing real time in the mkts..Whew! it is so very diffrent. Please do not stop "teach a man to fish" it is my bible...!!
Hi Trader 123,

Let's come to the last statement first........trading is very simple,sometimes the strife is in keeping things simple.But as you stated,trading can ,by no means,be termed easy.But first steps first, a step at a time,my friend.........walking was an achievement when you were a child.Today,it's just another activity that you do without thinking.

Okay,on to INFOTECH.........INFOTECH has broken through its long term Uptrendlines that stretch back to 2004.As we had discussed before,so long as the trends hold and the stock is in an Uptrend,we buy declines.Once it breaks through the Uptrendlines,and breaks former pivots,the Uptrend is in danger,probably over.Now we no more think of buying declines..........we are now in Sell the Rally mode.

Unless INFOTECH does something else that makes us feel that it is resuming its uptrend,for now it is STAND ASIDE.

That higher pivot low made on the daily is indeed a higher pivot as stated by you,and another higher pivot low around the 485 area.......but longer term picture is a Rally in a Downtrend.So when we get a daily making higher pivot highs and lows,and a weekly looking like a dntrend,you always respect the weekly.You could definitely play the long side but on a short term basis.On an intermediate basis,stand aside.

For now,as you are in already,HOLD.DO NOT ADD.......Keep your stop loss below the low of the last week ie 472.

For a longer term buy,INFOTECH needs to fall and form a higher pivot low on the weekly,or blast through 612,and then pullback for us to go ecstatic and euphoric.

PRAJ for later........INFOTECH charts attached.

Happy Trading!
Saint
 
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Saint said:
Hi everyone,
Noticed that quite a few stocks have started a new move upward as per weekly charts.......some of them of the very many are:

1.ABB----neat breakout from an ascending triangle,closed the week strong.
2.BEML---nice pullback on the weekly and looking set to resume upwardly dir.
3.SESA GOA--pullback lasting 5months,this week put up a neat wide range
bar,ended strong for the week with increased vol.
4.GUJ NRE COKE--a wide range weekly bar 3 weeks ago has announced the
change in trend in this stock,followed by 2 weeks of
consolidation.
5.POLYPLEX CORP--higher pivots on the weekly followed by a breakout with
increased volume.
6.DIVIS LABS---again higher pivot lows on weekly,and heading higher.
7.EID PARRY---weekly breakout on high volume to new highs.
8.ELDER PHARMA---weekly breakout on high vol.
9.IVRCL---looks set to breakout to a new high ,and continue its upward trend
10.J&K BANK--after 6 months sideways,it put up a wide range bar with high
vol,closing above the range.
11.UTI BANK--looks set to breakout to new highs.
12.UNION BANK---higher pivot lows on the weekly.
13.JAIPRAKASH ASSOC--higher pivot lows
14.PNB--higher pivotlows.
15.TATA TELE---breakaway gap followed by a pullback on the daily,looking
higher.
16.AVENTIS PHARM--spent all of this year sideways,forming an ascending
triangle on the weekly.
17.JINDAL STEEL POWER---taking out previous pivot highs on the weekly,and
looking to start a new uptrend.
18.MID-DAY MULTIMEDIA--breakout from a range followed by a pullback,looks
higher.
19.MUKAND LTD--higher pivot lows on daily.
20.NTPC--taking out previous pivot highs on the weekly
21.SONATA SOFTWARE--nice consolidation and threatening to break to new
highs

Sincerely,
Saint.
Anything dope on sterlite ,hindalco,nalco ,nlc if ya have??
 
kinshuk said:
Anything dope on sterlite ,hindalco,nalco ,nlc if ya have??
Had to go back around a year to see when these recommendations were made by Saint... The list attached to the prior post is dated 9 july 2005 Just wanted to caution in case anyone mistakes it to be a current recommendation
 
rvgandhi said:
Had to go back around a year to see when these recommendations were made by Saint... The list attached to the prior post is dated 9 july 2005 Just wanted to caution in case anyone mistakes it to be a current recommendation
Thanks RVG,.........yep,friends,those were posts of a distant time and none of those recommendations matter today.

Saint
 
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