New Intermed Uptrend!!

[Saint]

Hi saint,

Thx for ur analysis on IVP. Today, Again it tested yesterday's high of 68, and slided to the levels of 65.5... Seems just needs one big push to get noticed. I did enter at the levels of 62 but not generating the desired results. Still , i think i would rather hold. Another thing, i feel performace of sensex is influencing it a lot. Whadya say?

I had bought rama newsprint and nagarjuna fert. at 17 but since then both r stuck at the same level. I m thinking of going out at no profit no loss; but still want an honest opinion ... can some one tell me whatz in store for theses two?

Regards,

Vivek

Hi Vivek,
RAMA NEWSPRINT:Listless till the week ending 12th Aug,followed by a high vol breakout and a pullback on relatively low vol.Monthly looks set to resume its uptrend.Overall the stock is in an uptrend and will see higher prices.But as traders we must have our stops......I 'd put my stop at 15.30,and see if this stk can hold above these levels,and head higher......If this one is stopped,stalk it for possible reentry once the p/b is done.Looks good on longer term charts.

NAGARJUNA FERT :Also looking good......monthly is in an uptrend.Nice daily pullback.......keep a stop loss of 15.2.Same advice as above.

Both nice ones......don't be in a hurry to get out just coz the stock retraces to the level you bought it at.Get a technical stop loss in before the trade.......and most importantly of all,stick to it.

All the best!
Saint

 

[Saint]

I also needed your advice on the subsidiaries of State Bank - SB of Travancore, SB of Bikaner and Jaipur, SB of Mysore. They have suddenly run up very much. Fundamentals are very very good. Do you see further upside in these scrips and what is the S/L.

Thanks

Kamalesh

Hi Kamalesh,

I don't have the charts of SB Jaipur,but the others all are great......That high volume wide range bars created the other day sign of strength.But wait for a pullback to enter these stocks.Once the pullback is done,buy with a stop loss at the low of that wide range bar on 13th Sept.

Saint

 

[avinash]

Hi Saint,

Once again,you have practically held my hand and helped me in this market........when so many of my friends are still telling me that they are losing and the market is all a big sham,I am making money.....I am totally newcomer to this field......I know nothing,but I am trying to learn......but to have made this much money without knowing much....thank you again and again,saint...

I still don't know why you spend so much valuable time helping us...you don't even know anyone of us face to face......thank you agin.

Avinash

 

[avinash]

Hi Saint,
in case you didnt notice,few of the ascending triangle plays(new lingo in my vocab )have broken out.

CITY UNION BANK
SUNDARAM CLAYTON
IOB
KITEX GARMENTS
SIEMENS

Avinash

 

[Anupama Singh]

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

Yet another nugget of wisdom,Saint.Thanks!

Anu

 

[Saint]

Hi Saint,
in case you didnt notice,few of the ascending triangle plays(new lingo in my vocab )have broken out.

CITY UNION BANK
SUNDARAM CLAYTON
IOB
KITEX GARMENTS
SIEMENS

Avinash

Yep Avinash......noticed.Shall update on the raised stop losses soon.All doing great so far.

Saint

 

[Saint]

thx saint,
now my next question. what are figures for volumes one looks at? i know it must be stock specific, but is it % of free float or what?
don't bother to reply immediately. i will be happy with a reply in u r free time.
(u must be feeling as if u r holding our hands and leading through the maze that this stock market trading is)
regards
ragh_ash

Hi ragh_ash,
Shall reply....but give me some time,maybe over the weekend!

Saint

 

[Saint]

Hi Saint

Thanks for giving this information.
but i want to know about Support and Resistence levels..

please give me a some guidence on this.

I know little bit about 20*50 and 50*200 Days moving avg.

I am checking thease moving avereves on indiabulls website
for Example Select ICICI Bank

I don't know How correct i am, if i am wrong then please correct me.

i am uploading a chart as per my knowledge. please give a more detail
about support and resistence levels.

Thanks a lot

Hi Vicky,
Shall answer ur query over the weekend,if you don't mind.

Saint

 

[trading_learner]

Hi Saint,

Ispat is currently around Rs 23 for nearly one month. It seems that The daily trend and 15 days MA are showing starting of an uptrend from July onwards. Now after being steady around Rs 23, can it make a strong upward trend?

T_learner.

 

[Saint]

Yet another nugget of wisdom,Saint.Thanks!

Anu

Most welcome,Anupama

Saint