New Intermed Uptrend!!

[Saint]

Dear saint i even don't know the abc of this type of trading but the last 3-4 days are really fruitful to me and i gained by going through ur articles. intially i find this hard but with the passage of time i am picking up slowly and getting confident now.
I don't know the art of using impressive words, simply i can say thanks.
keep in touch and guide me as u know very well the minds of newbies like me.
bye and good day

Great to hear that,my friend........keep going!All the best in your efforts.

And,forget the impressive words.......if you need to impress someone on cnbc,in a seminar,in some marketing of some product,then you need impressive words.......To ask a question or to make money off the markets,you don't need 'em.

Happy learning and trading!
Saint

 

[Saint]

Hi Saint,

I took some Reliance Inds at 1750.Now it's trading at 1940.My latest trail stop is at 1870.Is that fine?

Thanks in adv,

Sincerely,
Dhanya

Great going,Dhanya......you caught the breakout from that sideways consolidation(triangle) .....very nice.And yes on your stops......great trade!

All the best!
Happy Trading!
Saint

 

[rajesh.sadhanala]

Great going,Dhanya......you caught the breakout from that sideways consolidation(triangle) .....very nice.And yes on your stops......great trade!

All the best!
Happy Trading!
Saint

Just to cross chech, the ascending triangle in the below chart that you are referring to or different from that.

Regards
Raj

 

[Saint]

Hi Raj,

Attached below...

Happy Trading!
Saint

 

[rajesh.sadhanala]

Hi Raj,

Attached below...

Happy Trading!
Saint

Thanks a lot Saint, I just missed somehow the pattern of traingle should touch as many points as possible. Thanks for correcting.

Raj

 

[Dhanya]

Great going,Dhanya......you caught the breakout from that sideways consolidation(triangle) .....very nice.And yes on your stops......great trade!

All the best!
Happy Trading!
Saint

Thanks Saint!!

 

[rinv]

I notice that ICICI is forming a ascending triangle on the weekly and which may have a breakout on the upside.

Saint,
Could you please confirm and let us know entry/exit points.

 

[alokdaga]

Hello Saint,

Today towards the market closing there was abnormal volume. E.g Rolta, Financial Tech and so many others. What does this signify. I mean - the volumes compared to the intraday volumes were significantly higher.

Thanks

Alok

 

[Saint]

I notice that ICICI is forming a ascending triangle on the weekly and which may have a breakout on the upside.

Saint,
Could you please confirm and let us know entry/exit points.

Hi Rinv,

Yep.........Buy the breakout over 1016(give it some room!),Short the breakdown below 880(break of previous pivot low and probably a breakdown from an asc triangle as well)

Happy Trading!
Saint

 

[Saint]

Hello Saint,

Today towards the market closing there was abnormal volume. E.g Rolta, Financial Tech and so many others. What does this signify. I mean - the volumes compared to the intraday volumes were significantly higher.

Thanks

Alok

I am not really good with the "why's" ,only with a few "what's,how's and when's".....so apologies,my friend!

Probably,Karthik or Asish or Ashish(aca) or Kalyan or Bav could help you with that one.

All the best!
Saint