New Intermed Uptrend!!

[Saint]

Hi Saint and senior memebers,

Look at IVP.. I am not an expert, and dont have the best tech analysis software (i use yahoo finance ) but looks like the stock has successfully detested the support near the level of 60. Has started crossing the upper band of bollingers. Today it has increased by over 5% (although the volumes are below avg). You think it is wise to enter the stock?

Regards
Vivek

Hi Vivek,
IVP is in a nice primary uptrend.Recently made a nice wide range bar on strong volume followed by a pullback before trying to go higher today.Not a bad stock to enter from tech perspective and be part of its uptrend.You could buy over today's high of 68 with a stop loss at 61.

Happy Trading!
Saint

 

[xtiger]

Originally Posted by saint
Hi Roneeth/Vinsu,

I do not believe that knowledge should have a price,which is why I am furious with people who make tonnes out of teaching this fine art of trading,rather than making tonnes from trading itself.If I could see you face to face,I would tell you all that I know for no price.......my greatest reward would be to see that you have benefitted,to know that you follow a strict plan,regularly pull money out of the markets,maybe one day live off the markets,etc.....I am on the same path as you are....maybe a little ahead coz I started earlier.

In this sharing of knowledge,the pupil must have a desire to learn.....that intense desire to learn,to succeed,must be there......in Sanskrit,we call this Mumukshatvam.That drives you......to read books,to attend seminars,to constantly learn.....this path has no Masters,everyone is a student of the Markets.In this path,no one can teach.....everyone's a learner.

There are quite a few in this forum ,both of you being part of,who have that intense desire to learn and succeed.....wishing you both all the bestof successes in the markets and in life.

Happy Trading!!
Saint

I fail to find the name who had first asked you whether you belong to the teaching profession. Indeed valid observation was made. Had you been in teaching profession it would have been gratifying experience both for you as well as for your students. Very few people know the art of explaining things in a simple language with lot of co-relance from day to day examples and historical facts. Besides Traderji, CV, sh50, jaideep, AMITBE, joy and few chosen one, you are one of them Saint. Your explanations are short, crisp and to the point. Intresting part of you is sharing your personal experience to guide new comers like me and motivate them.

Quote:
Originally Posted by saint
my greatest reward would be to see that you have benefitted,to know that you follow a strict plan...

Also I would like to add that "Failing to plan is like planning to fail" and "A plan is a waste of time if not implemented"

Thanks Saint.
cheers,
nkpanjiyar

Very well said nkpanjiyar..........

 

[ragh_ash]

Ouch,Ragh_Ash......how did I miss this one?Sincere apologies.......okay about Vijaya Bank,two entry points:You can buy half on a breakout over 69,and add half over 76,which is a breakout to new highs.First target is 95,if you play a longer term period,110.Or wait for convincing b/out over 76 with a target of 110.....of course,stops in place,share sizing as per ur plan,and trail stopping upwards as always.

Saint

hi saint,
as you know i am still learning. what u r trying 2 tell me is this resistance at 70-72 has to broken for the scrip to start making upward move. also the RSI is over 70 so it is a "buy"
regards

 

[Saint]

hi saint,
as you know i am still learning. what u r trying 2 tell me is this resistance at 70-72 has to broken for the scrip to start making upward move. also the RSI is over 70 so it is a "buy"
regards

Hi Ragh_Ash,
The previous two tops were at 75 and this will be an area of resistance and supply yet again.Taking out this area with vol will be a resumption of an uptrend.

Saint

 

[Saint]

Re: Reliance Capital.

Any one knows what should be the entry exit & stop loss for this stock with 3-6 target?

Nice ascending triangle on the Reliance Capital daily.......looking good to resume its uptrending ways.But a word of caution........steep climb so far.Ascending triangles usually b/out to the upside......a b/down can be equally steep.So if enter you must.....buy over 485 with a stop at 461(buy half).This has given out a few false breakouts already.....once confirmed,buy the remainder half over the breakout bar's high or on a pullback.

Overall,looks good.........but just be careful!Great find,panchu

Saint

 

[avinash]

Originally Posted by saint
Hi Roneeth/Vinsu,

I do not believe that knowledge should have a price,which is why I am furious with people who make tonnes out of teaching this fine art of trading,rather than making tonnes from trading itself.If I could see you face to face,I would tell you all that I know for no price.......my greatest reward would be to see that you have benefitted,to know that you follow a strict plan,regularly pull money out of the markets,maybe one day live off the markets,etc.....I am on the same path as you are....maybe a little ahead coz I started earlier.

In this sharing of knowledge,the pupil must have a desire to learn.....that intense desire to learn,to succeed,must be there......in Sanskrit,we call this Mumukshatvam.That drives you......to read books,to attend seminars,to constantly learn.....this path has no Masters,everyone is a student of the Markets.In this path,no one can teach.....everyone's a learner.

There are quite a few in this forum ,both of you being part of,who have that intense desire to learn and succeed.....wishing you both all the bestof successes in the markets and in life.

Happy Trading!!
Saint

Lots of wisdom......thanks once again,Saint!

 

[Saint]

Lots of wisdom......thanks once again,Saint!

Kind words,Avinash........most appreciated!!

Saint

 

[stockfreak]

Re: Reliance Capital.

HEy all,

Markets roaring eh!..
Anyway just want to remind many of the seniors that MAHINDRA UGINE has shwon breakout at 125, and now at 133 racing towards its target set by my as 145.

BUY Nocil it looks good for a few more bucks to gain.

SF

 

[aman1973]

hi saint,
as you know i am still learning. what u r trying 2 tell me is this resistance at 70-72 has to broken for the scrip to start making upward move. also the RSI is over 70 so it is a "buy"
regards

 

[aman1973]

Dear saint
can you please enlighten me on the relevance of RSI
regards
aMAN