New Intermed Uptrend!!

[rakeshluthra430]

Well done,Rakesh.......

Saint

Thank you Sir. Learning from you only....
Have 2 questions from you though... if you dont mind.
1. Hows Ster Tech looking on charts.(though I have taken Buy at 233 today).
2. For a positional trader trading the daily charts, Nifty Futues is a buy above 5272 OR above todays high (in that case, if planning to buy tomorrow).

You can answer after market hours.... thanks for your time.

Rakesh

 

[Tapaswi.S]

Happy Journey Saint

Tapaswi.S

Hi Saint,
Welcome back. hope you had great time

Tapaswi.S

 

[lvgandhi]

Right-on,LVG...........We have that pivot high break and we are long.....Whether this uptrend will fade out and collapse into another downtrend is another question.But as traders trading trends,we go long on a previous pivot high break and we stick to our plans.

Personally,if we close here-abouts this week or the next,and then go on to make new highs ,then would be sitting with positions longer........We then have a previous pivot high break to newer highs,followed by a mild gradient pullback to higher pivot lows,and then a breakout to new highs.

All the best!
Saint

Thanks for the clarification.

 

[rajfal]

Right-on,LVG...........We have that pivot high break and we are long.....Whether this uptrend will fade out and collapse into another downtrend is another question.But as traders trading trends,we go long on a previous pivot high break and we stick to our plans.

Personally,if we close here-abouts this week or the next,and then go on to make new highs ,then would be sitting with positions longer........We then have a previous pivot high break to newer highs,followed by a mild gradient pullback to higher pivot lows,and then a breakout to new highs.

All the best!
Saint

Dear Saint,

Can you please give me the afl to calculate/plot pivot highs/lows as you have been describing them.

If not the afl, please do give the calculations on how they are calculated.

Thanks in advance,

Regards,

rajfal

 

[jamit_05]

Dear Saint,

Can you please give me the afl to calculate/plot pivot highs/lows as you have been describing them.

If not the afl, please do give the calculations on how they are calculated.

Thanks in advance,

Regards,

rajfal

It might be your best option to read on the thread: Teach a man how to fish. Saint has explained it all there. Or you could download a PDF made by Ecko, gr8 effort and a beautiful idea btw.

Consider it a word of caution

 

[jamit_05]

Good Trend.

Vanakkam Saint,

AlpsIndus is in a daily uptrend. Particularly now the hourly is range bound. Will it be a good idea to take a bitsy position with a small stop patiently arranged below the trading range?

Amit

 

[Satyen]

Amit adani ent in daily uptrend and pullback which is downtrend in 60 in pivot high breaks should enter ???


Satya

 

[jamit_05]

Amit adani ent in daily uptrend and pullback which is downtrend in 60 in pivot high breaks should enter ???


Satya

The reasons for No:
1) It is a very thinly traded stock. So be careful.
2) It is up against the weekly resistance of 880.
3) Finally, this upmove seems somewhat fake. Little opposition. No pivot lows. Just one straight up.

 

[Satyen]

thank you,, wil check if possible wil post a chart ... m not in the counter but tracking it

Satya

 

[Satyen]

Chart attached ....