New Intermed Uptrend!!
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Saint saint...
Did some more investments today at rock bottom....thankfully, the stocks i entered today and yesterday are near to bottom (of may) prices....I've left the stocks and waiting for them to come down......I entered guj ambuja today....already into ashok leyland,mtnl and ITC yesterday (all trading near/above my buy price).......
waiting for bharti to 340 levels (hopefully, this would come only with sensex showing some more weakness now)......
Ranbaxy, again waiting for 310 levels..now you would ask me why i want to get into this when it is showing no uptrend symptoms......I heard somewhere "the best time to buy a stock when noone is buying it"....Ranbaxy has got lot of beatings now..it is trading at 52 week low now....i thought 350 is a good price..but yesterday it went to 317 levels....moreover, the company has gone strong on management and fundamentals now....anyway, i want to take a risk in this stock.........
I also wanted to enter bajaj hindustan and balrampur chini.......for babaj hindustan I planned to enter at 325..it is near that level now.....balrampur, I planned an entry at 95....so I have that price now...I did not enter them because recently government has imposed restrection on sugar...so maybe, they can show weakness.....i may not take them till the govt gives clear stand on policies........
So saint, already entered guj ambuja, ITC,MTNL and ashok leyland......will wait for more action...some more action left in market...so waiting for stocks to come down to my levels so that i can take it now......july is on the verge of end...so should the market volatility be....
just one more thing...your expert comments on ashok leyland.....I've entered this for one year..
ganeshhity
Did some more investments today at rock bottom....thankfully, the stocks i entered today and yesterday are near to bottom (of may) prices....I've left the stocks and waiting for them to come down......I entered guj ambuja today....already into ashok leyland,mtnl and ITC yesterday (all trading near/above my buy price).......
waiting for bharti to 340 levels (hopefully, this would come only with sensex showing some more weakness now)......
Ranbaxy, again waiting for 310 levels..now you would ask me why i want to get into this when it is showing no uptrend symptoms......I heard somewhere "the best time to buy a stock when noone is buying it"....Ranbaxy has got lot of beatings now..it is trading at 52 week low now....i thought 350 is a good price..but yesterday it went to 317 levels....moreover, the company has gone strong on management and fundamentals now....anyway, i want to take a risk in this stock.........
I also wanted to enter bajaj hindustan and balrampur chini.......for babaj hindustan I planned to enter at 325..it is near that level now.....balrampur, I planned an entry at 95....so I have that price now...I did not enter them because recently government has imposed restrection on sugar...so maybe, they can show weakness.....i may not take them till the govt gives clear stand on policies........
So saint, already entered guj ambuja, ITC,MTNL and ashok leyland......will wait for more action...some more action left in market...so waiting for stocks to come down to my levels so that i can take it now......july is on the verge of end...so should the market volatility be....
just one more thing...your expert comments on ashok leyland.....I've entered this for one year..
ganeshhity
Hi Ganesh,
I probably am not the right person to answer this query.........my mind is wired to avoid downtrends(if looking for intermed to long term longs) till we get some clear cut signal.My personal philosophy is to avoid trying to hurt myself by looking for falling knives and then trying to catch 'em.Since in already,careful,very careful.................the problem with that philosophy about"Buy when nobody else is buying" is that Ranbaxy at 325 now ,could go down to 280,and nobody is buying here as well,and then to 250,and nobody is buying here as well.So,if you have done all that investors do,and are trying to buy for a very long term,and would not mind it dumping way down from where we are now,and would not let go come what may,because you have done your thorough analysis,etc.............then,fine I guess,but you must have the stomach to go through what may or may not be a massive dntrend,but from a trading perspec,STAY WAY CLEAR till you get some sort of a signal.This is still in one very strong primary downtrend.
ASHOK LEYLAND :The better of them all,still holding relatively strong,but looking to join the rest of the pack soon.
Ganesh,my friend,am looking out for you,but entering at these levels may hurt you.We are in a short term,intermediate,and probably primary(not confirmed)downtrend,and far from the time to look for longer term longs............Careful,my friend,it's a dangerous game that you are playing!
Saint
I probably am not the right person to answer this query.........my mind is wired to avoid downtrends(if looking for intermed to long term longs) till we get some clear cut signal.My personal philosophy is to avoid trying to hurt myself by looking for falling knives and then trying to catch 'em.Since in already,careful,very careful.................the problem with that philosophy about"Buy when nobody else is buying" is that Ranbaxy at 325 now ,could go down to 280,and nobody is buying here as well,and then to 250,and nobody is buying here as well.So,if you have done all that investors do,and are trying to buy for a very long term,and would not mind it dumping way down from where we are now,and would not let go come what may,because you have done your thorough analysis,etc.............then,fine I guess,but you must have the stomach to go through what may or may not be a massive dntrend,but from a trading perspec,STAY WAY CLEAR till you get some sort of a signal.This is still in one very strong primary downtrend.
ASHOK LEYLAND :The better of them all,still holding relatively strong,but looking to join the rest of the pack soon.
Ganesh,my friend,am looking out for you,but entering at these levels may hurt you.We are in a short term,intermediate,and probably primary(not confirmed)downtrend,and far from the time to look for longer term longs............Careful,my friend,it's a dangerous game that you are playing!
Saint
Ahhh saint,
Even if I do not agree with you, I cannot dare go against you....I'm exitting all my positions today at profits and huge profits.....guj ambuja, bought yesterday at 100, I've cmp 104.5....i've put bid of 106 for sale..s/l 104....
ITC got day before yesterday @ 170.....cmp 173.5..will hold this and sell if it touches 175 today...mtnl purchased at 141.5...cmp 141.6..my s/l is at 138....ranbaxy and bharti....both exitted today with very good profits today in 24 hours..
Is it fine now ????
saint, I'm playing with strict stop losses, even if I commit a mistake, I'm not going to fall prey in the hands of market...it has already punished me due the idiotic Fu*&^ng friend (of indiabulls)of mine...
ganeshhity
Even if I do not agree with you, I cannot dare go against you....I'm exitting all my positions today at profits and huge profits.....guj ambuja, bought yesterday at 100, I've cmp 104.5....i've put bid of 106 for sale..s/l 104....
ITC got day before yesterday @ 170.....cmp 173.5..will hold this and sell if it touches 175 today...mtnl purchased at 141.5...cmp 141.6..my s/l is at 138....ranbaxy and bharti....both exitted today with very good profits today in 24 hours..
Is it fine now ????
saint, I'm playing with strict stop losses, even if I commit a mistake, I'm not going to fall prey in the hands of market...it has already punished me due the idiotic Fu*&^ng friend (of indiabulls)of mine...
ganeshhity
Hi Ganesh,
Looking out for you,that's all.........there are short term bullish phases and bearish phases as always.But your question was about long term trades,therefore the warning.
Another thing,my friend,do dare to go against anyone if they say something that does not conform to your conviction,but based on proper education......The fact that you do not agree with something means you must try to understand why the other person says what he says.If you see what he sees,that understanding becomes yours,that knowledge is yours,that conviction to take or end that trade is yours.Else,it becomes a conflict of "I don't agree with him,but I wouldn't dare to......"And where there is conflict,there will be dissatisfaction.
Once you see what he sees,and if it is total crap...........do dare to go against the advice!You must......
Saint
Looking out for you,that's all.........there are short term bullish phases and bearish phases as always.But your question was about long term trades,therefore the warning.
Another thing,my friend,do dare to go against anyone if they say something that does not conform to your conviction,but based on proper education......The fact that you do not agree with something means you must try to understand why the other person says what he says.If you see what he sees,that understanding becomes yours,that knowledge is yours,that conviction to take or end that trade is yours.Else,it becomes a conflict of "I don't agree with him,but I wouldn't dare to......"And where there is conflict,there will be dissatisfaction.
Once you see what he sees,and if it is total crap...........do dare to go against the advice!You must......
Saint
thanks saint.....only strong scrips make place in my portfolio....stocks like ranbaxy constitute just 3-4% of my total portfolio..that too to have looks at such scrips if they come up...I get into them at each highs then...
thankfully...all stocks are much above my purchase price..so need not worry now...except mtnl, which is some paise down and ash ley which i got 1000 @ 33...i'm not worried for it..my hold would be for much more than a year now
...thanks for kind words saint......I will use this market at SIP.....pour in some money each month..but that would be done once it consolidates and shows uptrend...even now, I had put less than 50%..i was holding back much more aside to look if markets further tumble down..never mind, it has come up, hence i would sell at some highs from here...nice trading for me........God knows, I always gained throughout my career in stocks...whether that was swing trade or investments for one year...I got back to see that i lost only in couple of trades that too less than 5 thousand...but then I became busy and thus handed over job to a friend...he smartly made huge brokerage out of me...and i became a complete looser of nearly 3 lacs.....he started my trades in feb and i parted with him in may...only 4 months and i was wiped out with most of my savings...and from may, when i took on, i've not lost in a single trade...my returns have been more than 10% in last one month....
just a thought for day on your concept of believing on oneself
"Each of us has our own unique flaws. We're all cracked pots.
It's the cracks and flaws that make our lives interesting and rewarding.
You've to accept people as they are and then look for good in them.
Nobody is perfect"
ganeshhity
thankfully...all stocks are much above my purchase price..so need not worry now...except mtnl, which is some paise down and ash ley which i got 1000 @ 33...i'm not worried for it..my hold would be for much more than a year now
...thanks for kind words saint......I will use this market at SIP.....pour in some money each month..but that would be done once it consolidates and shows uptrend...even now, I had put less than 50%..i was holding back much more aside to look if markets further tumble down..never mind, it has come up, hence i would sell at some highs from here...nice trading for me........God knows, I always gained throughout my career in stocks...whether that was swing trade or investments for one year...I got back to see that i lost only in couple of trades that too less than 5 thousand...but then I became busy and thus handed over job to a friend...he smartly made huge brokerage out of me...and i became a complete looser of nearly 3 lacs.....he started my trades in feb and i parted with him in may...only 4 months and i was wiped out with most of my savings...and from may, when i took on, i've not lost in a single trade...my returns have been more than 10% in last one month....
just a thought for day on your concept of believing on oneself
"Each of us has our own unique flaws. We're all cracked pots.
It's the cracks and flaws that make our lives interesting and rewarding.
You've to accept people as they are and then look for good in them.
Nobody is perfect"
ganeshhity
and ya saint,
I know most of people over here are busy in markets for most of the time..I look at it hardly.....I have other jobs to be done......and hence i trust people like you who have, over a period of time got drums of water from this sea of knowledge...
all the best..and waiting for some good counters from your side...
ganeshhity
I know most of people over here are busy in markets for most of the time..I look at it hardly.....I have other jobs to be done......and hence i trust people like you who have, over a period of time got drums of water from this sea of knowledge...
all the best..and waiting for some good counters from your side...
ganeshhity
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