New Intermed Uptrend!!

[toxicexpulsion]

He is very very bullish on punj lloyd. L & T in making. This samvat he has cleary mentioned that media will do well, his investment in mid day may surprise us.

 

[Saint]

Hi Narendra,

Have lots of respect for Rakesh Jhunjunwala,and I am sure he's made a call looking at fundamentals,earnings,etc............but looking at the charts,I'd keep away from it.Maybe a sideways move from here over the next few months and maybe......just maybe.As it stands now that monthly looks like a long term top in April and this rally over the last few mths looks more of a rally within a dntrend.

Keep it on your watchlist if you must..........looks like we may have a fall before a rise.So careful....!

Saint

 

[Saint]

He is very very bullish on punj lloyd. L & T in making. This samvat he has cleary mentioned that media will do well, his investment in mid day may surprise us.

Nice and juicy,both Punj Lloyd and Larsen T..........very nice.

Saint

 

[Saint]

Hello Saint,

I have few more scrips to ask about. I saw that these have been suggested in the past by some brokers and some magazines like "Dalal Street".
I want to know your opinion on them.

1. Goodlas Nerolac
2. Tinplate
3. Gujarat Industrial Power Company Ltd.
4. RPG Life Sciences.

Thanks,
Narendra

Hi Narendra,

Shall reply as soon as possible.

Saint

 

[am_investor]

Hi Saint,

Your views on mid-day please. Have been hearing about it since past many weeks but since it has slided can we go fro it at current price.

 

[Saint]

Hi Saint,

Your views on mid-day please. Have been hearing about it since past many weeks but since it has slided can we go fro it at current price.

Are we talking mid-term to long term?If so,not looking too good.......Like Panama above,expect more downside.This rally looking more of a rally within a dntrend................I'd keep out of it if I am looking at the intermed to long term.

Saint

 

[ngm23]

Thanks.....

 

[ragh_ash]

hi saint,
what is a "Buy-stop" and "Sell-stop" and how does one use it? (I was reading one of books u suggested a very long time ago -"Street Smarts-Linda Rascke")
can u pl explain
regards

 

[am_investor]

Hi Saint,

Thanks a lot...

Futher, Can you advice me as to how to go above Fundamental Reserarch work. As of now i am working on Ratios like PE, EPS and looking at Banking & Steel Sector can you suggest as to how can i go deep in to it...

 

[Saint]

hi saint,
what is a "Buy-stop" and "Sell-stop" and how does one use it? (I was reading one of books u suggested a very long time ago -"Street Smarts-Linda Rascke")
can u pl explain
regards

Hi Ragh_Ash,

Long time no hear from you,my friend........when in doubt about definitions,go to investopedia.com

BUY STOP:-An order to buy a security which is entered at a price above the current offering price. It is triggered when the market price touches or goes through the buy stop price.

People using a buy stop hope to gain if momentum gains on a particular stock. If the price exceeds the price you have set, it will automatically trigger a market order.

Opposite to the above is a Sell Stop Order............as is clear from the definition,one puts in a buy stop to enter into a trade.Eg,Reliance futures is trading at 1259.70,the previous pivot high is 1267.70,so I put in a Buy Stop at 1270 to get into that trade.

Sell stop is what we mean normally by stop loss in a trade that we are already in.......we have Reliance at 1259.70,and we want to protect our downside,we put in a Sell Stop at 1245.

These terms are commonly used if you are trading the NASDAQ or NYSE.But,I notice that brokers in India don't seem to know these terminologies.....get through to your broker anyway that he can understand best.

All the best!
Happy Trading!
Saint