New Intermed Uptrend!!

[rakeshluthra430]

so basically you are looking for the breakout and exitting at 105-107 area.


Saint

ps:Got in as well.

Didnt quite get you there... I thought we shd add when it takes out the prev top of 113??
Am i missing out something?

 

[nagendra_gb]

Hi Saint,

How is sesagoa looking on charts ? is it better to carry forward the position to next day today . Please let me know.

Thanks,
Nagendra

 

[Saint]

Didnt quite get you there... I thought we shd add when it takes out the prev top of 113??
Am i missing out something?

Previous pivot high now stands at 95-ish,buy here with stops barely a few Rs away,add over that pivot high of 95-ish,look to exit at the point where there is resistance on the weekly charts.....or if daily pivots crack.

Not to forget,daily is in an uptrend,Weekly is in a Downtrend as no confirmation as yet.............You are trading the daily uptrend fully knowing that a down slide is waiting for you soon.The real beauty trades come in when that down swing makes a higher pivot low on the weekly.........For now,all you have is an uptrend on the daily.


Saint

 

[Saint]

Hi Saint,

How is sesagoa looking on charts ? is it better to carry forward the position to next day today . Please let me know.

Thanks,
Nagendra

Can't enter here.......let's see how it behaves during a pullback.

Saint

 

[Saint]

Out half Parsvanath at 223 on Futures (+22,one contract=700)

Saint

 

[Saint]

Out half Amtek Auto......hit patience stop!!

Saint

 

[rakeshluthra430]

Previous pivot high now stands at 95-ish,buy here with stops barely a few Rs away,add over that pivot high of 95-ish,look to exit at the point where there is resistance on the weekly charts.....or if daily pivots crack.

Not to forget,daily is in an uptrend,Weekly is in a Downtrend as no confirmation as yet.............You are trading the daily uptrend fully knowing that a down slide is waiting for you soon.The real beauty trades come in when that down swing makes a higher pivot low on the weekly.........For now,all you have is an uptrend on the daily.


Saint

Got it now....Thanks a lot for the wonderful explaination.
Thanks as always

 

[milkyblack]

Hello Saint...

You did not answer my question
Is it not a good question? well i repeat my question again....

Now as Nifty is above 5000... where is your SL for the trade tht u got in at abt 4660... is it still there ? or have you exited some of ur postions? or upgraded your SL....

I ask this question... so tht ur answer help learning the strategy of the pivot system u follow... i guess according to that system one should hold still with SL of 4660.... until a higher pivot low is formed... (plz correct me)... which has not yet been formed... but in tht case one may loose a large chunk of the profit...

would it not be good to keep a SL at 4970? where the market gave a breakout... ( plz correct me...)

plz answer my question Saint this time....

Regards

 

[Satyen]

Hi saint and others mercator line triangle breakout two days back then pullback to upertrend line then moving up today ... should buy 50 % today and other 50 % at when high of WRB clears ??

Regards
Satya

 

[hiteshsjoshi]

Godrej looking good. Can anyone please confirm?