New Intermed Uptrend!!

[milkyblack]

Also holding NIFTY futs.....yet to break out over prev pivot highs.

Looking to take profits off the table of a few.....shall update......why?Because we are still not yet in an intermediate uptrend as yet......if this move is after weekly also showing higher pivot lows,would be holding and just raising pivot low stops..........That day will come soon,but that day is not yet upon us.

We are trading the daily breakout,but for the weekly to make a higher pivot low,need to make another dntrend on the daily charts.......therefore a mild caution.

Saint

What is ur current SL for nifty future Saint? if u talk abt weekly pivot low it is way below at 4468 for Nifty Spot... and for daily pivot low is at 4667 then at 4628... please correct me....

Thanks

Regards

 

[SavantGarde]

Hi Saint,

Do Checkout LITL

Warm Regards

SavantGarde

 

[Saint]

Hi Saint,

Do Checkout LITL

Warm Regards

SavantGarde

Ah,missed this one.....same pattern here,breakout day yesteday.....Nice!

Saint

 

[Saint]

What is ur current SL for nifty future Saint? if u talk abt weekly pivot low it is way below at 4468 for Nifty Spot... and for daily pivot low is at 4667 then at 4628... please correct me....

Thanks

Regards

Hi MB,

Am keeping SL at 4660....which is nearbout breakeven to entry

That's like a 200 point stop loss ......but that's the way it goes!

Saint

 

[milkyblack]

Hi MB,

Am keeping SL at 4660....which is nearbout breakeven to entry

That's like a 200 point stop loss ......but that's the way it goes!

Saint

Ok Saint thanks a lot... got to learn a lot and most importantly need to have PATIENCE i guess... wealth is created slowly... got to get it in my head .... ... and wealth is lost instantly if proper SL is not followed

Thanks a lot Saint

Regards

 

[jamit_05]

Descending Triangle of Parsvnath

Hi Saint,

HourlyDescendingTriangle.png is a hourly view
DescendingTriangleParsvnath.png is a 15 min view.

 

[Saint]

Hmmm.....up 21% in BOM DYEING from entry point yesterday.......still looking good .....Fine tuning an exit as per intraday charts......If pivots break,planning to exit all.....look to enter later if patterns are juicy.

Saint

 

[jamit_05]

Ranbaxy

Ranbaxy is in daily uptrend too? Was the recent daily pivot high break good enough?

 

[Saint]

Exitting half TATA POWER at 1283......yep,Amit(amitpethkar),on the futures.....too much supply to plough through here.

Happy with the 58 pts..

Saint

 

[Saint]

Taking half BOM DYE here at 844

Saint