New Intermed Uptrend!!
- Thread starter Saint
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Hi Saint,
what are your views on ACC? It seems to be in downtrend. Any guesses from you, based on your technical analysis, regarding the level to which it can fall before it resumes its upward journey and expected time frame for the same?
Also, in other thread, sudoku seems to be much worried about the may-hem in second half of may. do you see anything like that in offing?
I am asking you because I believe both of you ( you and sudoku) have 'black eyes', if not black tongue. (trust me, it's a compliment)
Thanks.
what are your views on ACC? It seems to be in downtrend. Any guesses from you, based on your technical analysis, regarding the level to which it can fall before it resumes its upward journey and expected time frame for the same?
Also, in other thread, sudoku seems to be much worried about the may-hem in second half of may. do you see anything like that in offing?
I am asking you because I believe both of you ( you and sudoku) have 'black eyes', if not black tongue. (trust me, it's a compliment)
Thanks.
ACC is in a downtrend on all time frames.......including the Primary Trend.
Yep.....
Hmmm.....Guessing
I basically trade changes in trends.......and try to get a chunk of that trade.So prediction,guesswork play no role.....Not interested in how long ACC will fall,only interested in when trends change.
Timeframe?? .........May last weeks,maybe months, but importantly am not bothered,and neither should you,my friend.Downtrends last till they change to uptrends,and that reversal will happen when it does.Your job is to observe and detect that reversal and profit from that change in trend
Mayhem may happen,may not happen..........once you know the art of trend change detection,you would reverse and short the mayhem.Looking fwd to it if we do get one.Equally happy with a euphoric move up as well.
So long as you stick with the trend and observe your disciplines,the market will not give you a black eye.............Advice from my end: Don't worry abt the future.In the now,it does not exist.Trade the present,go with the flow,and deal with the future when it becomes the present.
All the best!
Saint
Yep.....
Hmmm.....Guessing
I basically trade changes in trends.......and try to get a chunk of that trade.So prediction,guesswork play no role.....Not interested in how long ACC will fall,only interested in when trends change.
Timeframe??
.........May last weeks,maybe months, but importantly am not bothered,and neither should you,my friend.Downtrends last till they change to uptrends,and that reversal will happen when it does.Your job is to observe and detect that reversal and profit from that change in trendMayhem may happen,may not happen..........once you know the art of trend change detection,you would reverse and short the mayhem.Looking fwd to it if we do get one.Equally happy with a euphoric move up as well.
So long as you stick with the trend and observe your disciplines,the market will not give you a black eye.............Advice from my end: Don't worry abt the future.In the now,it does not exist.Trade the present,go with the flow,and deal with the future when it becomes the present.
All the best!
Saint
Thanks saint for your in-depth reply What you said is very right but to follow this, requires lot of understanding of markets, of technicals and good software and lots of data etc.
I bought ACC at around 700 as I felt it's available at good price even though I noticed it's falling and falling with each passing day... may do some averaging at around every 10% fall from my buying price till it reaches zero or reverses its trend. Tough time for cement sector at least till the inflation comes down. The bad thing is these stocks sometimes reverse their trend so quickly, sometimes in few hours or days, that only professional traders using advanced softwares notices it and aam-aadmi is left at a loss.
Just wondering if all the people will start waiting for downtrend to end and no one will come to buy, then perhaps it will continue its downtrend forever or will there be a time when a buffet-like will see that it has taken enough beating, learnt his lessons and now lets buy it... shall wait and wait and see and see.
Anyway, I will learn more about trend change detection etc as I am new to all this.. not much worried about ACC but do not know whether I should be bullish on cement sector right now with around 1 year perspective as many cements stocks are at their 52 w lows where they did not reach even after great falls of jan, feb and march.
Thanks.
What you said is very right but to follow this, requires lot of understanding of markets, of technicals and good software and lots of data etc.I bought ACC at around 700 as I felt it's available at good price even though I noticed it's falling and falling with each passing day... may do some averaging at around every 10% fall from my buying price till it reaches zero or reverses its trend. Tough time for cement sector at least till the inflation comes down. The bad thing is these stocks sometimes reverse their trend so quickly, sometimes in few hours or days, that only professional traders using advanced softwares notices it and aam-aadmi is left at a loss.
Just wondering if all the people will start waiting for downtrend to end and no one will come to buy, then perhaps it will continue its downtrend forever or will there be a time when a buffet-like will see that it has taken enough beating, learnt his lessons and now lets buy it... shall wait and wait and see and see.
Anyway, I will learn more about trend change detection etc as I am new to all this.. not much worried about ACC but do not know whether I should be bullish on cement sector right now with around 1 year perspective as many cements stocks are at their 52 w lows where they did not reach even after great falls of jan, feb and march.
Thanks.
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