New Intermed Uptrend!!

[Saint]

Hi Saint,
Can u tell me is it the right time to pick these stocks.
ITC 190, 3IInfotec 181.85, GSPL 41.25 , Marksan 113.75, suniltec
112.25.
IF yes; Which stock is the would be a good pick at this time.

Hi Navneet,

MARKSANS :Stay clear.We are still in a weekly dntrend,with no sign of pick up as yet...........means we stay clear.Our job is to trade the markets,meaning we don't need to do anything intelligent like analysing ,predicting,etc.Our job is merely to assess if the markets are reversing,latch on,and then stay on.No signals here to get on,so stay out.

SUNIL HITECH : Daily put in a high volume wide range bar a few days back....weekly looking more and more like a higher pivot low thus far.Now our job is to watch how it behaves during this pullback.If we stabilise over here,great.Look to go long over 126,with the present pivot as stop.Therefore a strong watch for now.......don't anticipate an entry here because you are trying to get in at a discount of Rs15.Wait for now,enter on a breakout above 126.

3i INFO:Needs to do some more sideways grinding before it does anything.......Stay clear of it for now.Get in when things look more juicy,Not yet as of now.

ITC :Monthly and weekly charts looking great.......Once again,don't anticipate an entry here.Let it tell you that it is ready.Buy at 195 with a stop loss at 172.Again same advice.......don't anticipate an entry here.Nice one,Navneet.

All the best!
Happy Trading!
Saint

 

[Saint]

hi saint
few words abt SUNILHITEC, IOB and TECHM.
pl
regards
ps: long time no see, no hear nor read

Hi Ragh_Ash,

Sorry about that,my friend.........

SUNIL HITECH :Just have a look at the post above.

IOB :still in higher pivot highs and lows territory.A hold if you are in it already.Stops at 109.

TECHM :Not much of data to go by.........but like the above still making higher pivot highs and lows on the daily.Looking great.If in,is a HOLD.Stops at 1080.

All the best!

Happy Trading!
Saint

 

[sandynisha]

dear saint,
i am holding NELCO avg price 101 .....can u help me with the short term target(1 month) .....thanx

 

[kkseal]

Hi Avinash,

Thank you for your kind words,my friend........think Jaykiru is already doing that.Maybe every now and then,we could do some analysis of certain stocks.Not really any recommendations,just some analysis and learning.

All the best!
Saint

What is the name of Jaykiru's thread that you referred to? Is it under Technical Analysis?

Thanks
Kalyan (newcomer)

 

[kkseal]

Yeah found it.

Another intraday trading 'guru' sermonising his/her disciples (with charts for a change!).

Where's the learning?

Regards,
Kalyan.

 

[game4trade]

Hi Saint,

Need your views on Jetairways and NTPC.

Cheers,
Ashish

-- Missed the move today in NTPC.......guess it has moved up quite a lot and now in dilema whether to wait for a pullback or can enter at current level. -- Awaiting yur comments

Hi Saint,

You missed my above post . And I missed the move in NTPC.

Can you share your comments on the following two stocks:
Polaris
Pateleng
I don't have any position but looking good on charts (to my inexperienced eyes).

Awaiting your comments.

Cheers,
Ashish.

 

[Navneet_Joshi123]

Hi Ragh_Ash,

Sorry about that,my friend.........

SUNIL HITECH :Just have a look at the post above.

IOB :still in higher pivot highs and lows territory.A hold if you are in it already.Stops at 109.

TECHM :Not much of data to go by.........but like the above still making higher pivot highs and lows on the daily.Looking great.If in,is a HOLD.Stops at 1080.

All the best!

Happy Trading!
Saint

Thanks for ur reply saint, appreciated it very much, you taking time to give such a detailed reply.
Would like to ask you advise in HCC. Share touched 169 yestarday and now is 160 today. I bought these shares at 123. Would like ur advise?
What do u think about:
Mysore Cement: trading at 64.60 now. Is it right time to pick it?
and ANDHRA PETROCHEMICALS 12.50 now and vulcan engg 16.70.

 

[Saint]

Hi Saint,

You missed my above post . And I missed the move in NTPC.

Can you share your comments on the following two stocks:
Polaris
Pateleng
I don't have any position but looking good on charts (to my inexperienced eyes).

Awaiting your comments.

Cheers,
Ashish.

Hi Ashish,

Sincere apologies,my friend......

NTPC :as in all moves,NTPC has given us a breakout to new highs,followed by this correction to an area that was formerly resistance......if the week ends here,buy over the high of the present weekly bar with your stop RS1 below the low of the bar.In short,you could buy at 154 with stops at 146.You could start to accumulate at these levels,but only small portions.

POLARIS :Looking good on weekly charts......now look to enter on a pullback on the daily charts.

PATEL ENGG :Once again,could buy over 458.Stops at 420.

All good ones,Ashish..........those eyes are hardly inexperienced.Now time has come to trust those eyes and trade what you see.All this after you have an entry,exit,stops,money management strategies in place.

All the best,
Happy Trading!
Saint

 

[Saint]

Hi Kalyan,

A very warm welcome to you..........have been reading your very many posts in this forum.Glad to have another individual who has that desire to learn and to share what he knows.Great going,and all the best!

Saint

 

[Saint]

Suzlon stopped.Nice 200pt gain.Thx Saint!!

Jay Raj

Great going,Jay Raj....

Saint