New Intermed Uptrend!!

[nilesh78]

Hi Saint,
would like to know your views on Shree Cement & India Cement.
Is it OK to enter these two scrips at this time.

Regards,
Nilesh

 

[SSM]

Hi Saint
Been a while since last posted.
took a break from the mkts for some time
Want to start off fresh, pls take a look at oil mktg companies
IOC, BPCL & HPCL languishing for long time now. there could be fundamental positives to the sector
What arethe tech charts indicating
regards
SSM

 

[rahulg77]

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

Dear Saint,

It does look like a inverse H&S pattern. But hasnt it ignored the rules of the volume. Lft shoulder volume lower than the head( this is the only exception, so we might ignore it i guess as not all H&S can be perfect- I have not seen too many. You would be a better Judge). Though right shoulder has formed with higher volume that is required for inverse H&S. and now volume is decreasing. So we would require a break out with high volume now above the neck line.

Another thing i see is on the RSI. If you draw a down trend line on the RSI it is broken and it is near the 50 mark.

MACD is also just crossed over the signal line just above zero.

Stochastics has also crossed over though below the 50 mark.

So a break out now with good volumes would be a nice buy.

One thing that I am noticing though on the last few days is volume is high on a black candlestick and low on a white candlestick. Would that mean something.

Rgds

Rahul

 

[shrinivas]

Hi saint,

Would be entering the following scrips at dips from here now...my investment would be for 1-2 years..

MTNL
SBI
ITC
Dabur
Hindalco
Bharti(airtel)
Ashok Leyland
Guj Ambuja

are the above safe ????

and do you have any other scrip to invest ???

ganeshhity

 

[Saint]

Hi Saint
Been a while since last posted.
took a break from the mkts for some time
Want to start off fresh, pls take a look at oil mktg companies
IOC, BPCL & HPCL languishing for long time now. there could be fundamental positives to the sector
What arethe tech charts indicating
regards
SSM

Hi SSM,

Welcome Back.....

Nope on the OilMkt Comp.....stay clear from a technical standpoint.All three in a dntrend on the weekly,possible entry in only once it gives a signal of a possible change in trend.

All the best!
Saint

 

[shrinivas]

Hi saint,

Would be entering the following scrips at dips from here now...my investment would be for 1-2 years..

MTNL
SBI
ITC
Dabur
Hindalco
Bharti(airtel)
Ashok Leyland
Guj Ambuja

are the above safe ????

and do you have any other scrip to invest ???

ganeshhity

still waiting..

ganeshhity

 

[Saint]

Hi saint,

Would be entering the following scrips at dips from here now...my investment would be for 1-2 years..

MTNL
SBI
ITC
Dabur
Hindalco
Bharti(airtel)
Ashok Leyland
Guj Ambuja

are the above safe ????

and do you have any other scrip to invest ???

ganeshhity

Hi Ganesh,

As you are trying to capture the longer term trend,wait for a pullback on all......there are lots of short term trades every other day on the above.That's another matter..........Intermed trends wise,this mini-uptrend looks like it's puffing and panting to a top and somehow remaining there before the next move down.But for the longer term trend,you wait for a pullback on all the above.

Wait on them all........

Happy Trading!
Saint

 

[shrinivas]

Hi Ganesh,

As you are trying to capture the longer term trend,wait for a pullback on all......there are lots of short term trades every other day on the above.That's another matter..........Intermed trends wise,this mini-uptrend looks like it's puffing and panting to a top and somehow remaining there before the next move down.But for the longer term trend,you wait for a pullback on all the above.

Wait on them all........

Happy Trading!
Saint

Thanks saint,

I've already traded most of the above stocks in this ups and downs of 40-50 days.....exitted in nominal profits all times......yes i' waiting for pull back now..I do not intend to trade now...long term...a time frame of 1-2 years..... are the above stocks safe....also give me a price range to enter them..
just do reply if you are eyeing any other..

ganeshhity

 

[SSM]

Hi Saint
Thx for the reply
If there was only one thing to look for a change in trend what would you say that will be.
I know you must have answered this on the other thread, but just ans this in this context
Thanx again
regards

 

[saigon]

Thank Saint