New Intermed Uptrend!!

[rakeshluthra430]

Ouch,missed that post,Rakesh....sorry about that.Shall look into it tonight if I can find the time.

Saint

....so nice of you. Thanks...will wait for it. me too in Praj but from 202 level


Rakesh

 

[pshirurkar]

Thanls a lot mr Saint.

 

[myvineet]

Good eye,Shirurkar.........both looking good.Ispat especially nice.....probably joining you on this one and adding more over 38.

Saint

saint..if i am not wrong ispat had formed a higher pivot low around 32 ...then why wait for 38 for adding i.e. why not full quota now ...[there must be some reason if u say this ..but i just want to teach my eyes scanning stocks like u ]

thanx & regards

vineet

 

[Saint]

saint..if i am not wrong ispat had formed a higher pivot low around 32 ...then why wait for 38 for adding i.e. why not full quota now ...[there must be some reason if u say this ..but i just want to teach my eyes scanning stocks like u ]

thanx & regards

vineet

Hi Vineet,


Daily in an uptrend as is obvious from the higher pivot highs and lows........Weekly hasn't given us confirmation till 38 is crossed.Once 38 is crossed,ISPAT is in an intermediate uptrend.

No harm in anticipating a move up at these levels........but over 38 is clear cut weekly uptrend territory........therefore the add.

Saint

 

[myvineet]

Hi Vineet,


Daily in an uptrend as is obvious from the higher pivot highs and lows........Weekly hasn't given us confirmation till 38 is crossed.Once 38 is crossed,ISPAT is in an intermediate uptrend.

No harm in anticipating a move up at these levels........but over 38 is clear cut weekly uptrend territory........therefore the add.

Saint

thanx saint

 

[Satyen]

Same here got hit! And reversed the trade... though covered again at 5020...

Waiting on the sidelines now... with a long in hand... at 5020... SL at 5000(as SL is just 20 pts away took the trade, and daily still in uptrend so taking a chance, no other logic)....

If able to cross 5057... it will be good... tats 60 min pivot high rgt?

Regards

yes 5000 level is a very good support ...........market may waiting some triger may be inflation data today to have a dirrection



Regards
Satya

 

[milkyblack]

yes 5000 level is a very good support ...........market may waiting some triger may be inflation data today to have a dirrection



Regards
Satya

Hi there,

Well 5k is out for the day! Went short... covered again.... 4940... now the pivot low of the daily 4923... to be watched... then the daily will also get out of its uptrend...
Last 10 mins... there was some buying(or short covering, who cares!) Lets see monday!

So in short, I am long... on daily charts... taking home longs... for the weekend

SL 4923...

You trading 60 min rgt? Did you take short yesterday,after brk of 5047? Or just exited long?

Saints 60 min works grt na? But profit booking temptation comes in.... but he mentioned 60 min is not for people who get panicky with loss/profit... So I am not yet upto the mark of 60 I guess...

Regards

 

[Satyen]

Hi there,

Well 5k is out for the day! Went short... covered again.... 4940... now the pivot low of the daily 4923... to be watched... then the daily will also get out of its uptrend...
Last 10 mins... there was some buying(or short covering, who cares!) Lets see monday!

So in short, I am long... on daily charts... taking home longs... for the weekend

SL 4923...

You trading 60 min rgt? Did you take short yesterday,after brk of 5047? Or just exited long?

Saints 60 min works grt na? But profit booking temptation comes in.... but he mentioned 60 min is not for people who get panicky with loss/profit... So I am not yet upto the mark of 60 I guess...

Regards

hello morning i m out of trade did not short (may be made a mistake )
waiting to get into trade when oppertunity wil be there

regards
Satya

 

[sachin_jain3]

Is HLL a good buy

Seems like HLL is in a uptread on the weekly charts (chart attached). Its nearing the last pivot low of 230 which could provide a support. Does this looks like a good buy at current 235 level with SL at 230?

Sachin

 

[Saint]

Re: Is HLL a good buy

Seems like HLL is in a uptread on the weekly charts (chart attached). Its nearing the last pivot low of 230 which could provide a support. Does this looks like a good buy at current 235 level with SL at 230?

Sachin

Hi Sachin,

HLL weekly in an uptrend now going through a decline.Daily in a downtrend.A buy only once a previous pivot high can be taken out.

Breaking of 230 pushes the weekly into a downtrend,meaning forget longs for some time in HLL.

Sachin,there are better ones out there to visualise and trade.....

Saint