New Intermed Uptrend!!

[Saint]

Saint,

you & the rest of the helpful souls in this forum sure do stand "Head & Shoulders" above the motley crowd of humans that exist outside this forum.

Thank you for those kind words,Jaideep.......the feeling is mutual.

Saint

 

[sam]

Hello Saint,

How are you? Am writing after quite sometime - but at the same time learning a LOT from this forum - and all credits to u guys! As someone else mentioned in someother forum " Day starts and ends with Traderji.com ".

Great going guys (all of u - Saint, Amit, Ravi.....). Keep up the GREAT work.

And now business - What do u think of the way market turned today - are the bearish days over....I personally was looking for a consolidation but markets have bounced back - what do u think of this recovery - Temporary or are we gonna march forward to 9000 mark from here?!

-Sam.

 

[ragh_ash]

Thank you for those kind words,Jaideep.......the feeling is mutual.

Saint

hi saint,
long time no hear. was out on tour last week, thursday evening my jaw dropped????????
today again same.
what's is mkt doing? (stupid question)
pray guide me.
regards
ragh_ash

 

[kkrish68]

Most welcome,Roneeth,Karthik,Ravi,Phoenix,Madhura,Kishore and Avinash!

Saint

Saint

Is the BSE/NSE chart showing signs of a double top now?

Cheers
Kishore

 

[alokdaga]

Hello Saint,Amit

What is happening to Financial Technology. After touching 1620 it is contantly in lower circuit for 3 days !! Is there any bad news for the company? Any views on it

Alok

 

[Saint]

Hi Saint,

Appreciate your inputs. Another interesting analysis will be based on the Cup chart. I feel that Hindalco is on the verge of a major breakout purely on the basis of the cup formation. I could be halucinating and would appreciate your inputs.

Best regards
Kishore

Hi Kishore,
Yep.......not so neat in Hindalco,but thereabouts.Check out IDBI weekly,more neat in that one.............nice cup formation the lows in May and then an up move,followed by the handle inAug-Sept.

Happy Trading!!
Saint

 

[Saint]

Hello Saint,Amit

What is happening to Financial Technology. After touching 1620 it is contantly in lower circuit for 3 days !! Is there any bad news for the company? Any views on it

Alok

Chartswise,Financial Tech is still in a neat uptrend,the last 3 days a pullback which has to happen some time or other.So far so good.It's a hold if you are an investor..............Bad news wise,no idea,my friend.If you want any info on Financial Tech ,check out AMITBE's thread and ask him.If I am not mistaken,he is still in it.

Happy Trading!!
Saint

 

[Saint]

Hello Saint,

How are you? Am writing after quite sometime - but at the same time learning a LOT from this forum - and all credits to u guys! As someone else mentioned in someother forum " Day starts and ends with Traderji.com ".

Great going guys (all of u - Saint, Amit, Ravi.....). Keep up the GREAT work.

And now business - What do u think of the way market turned today - are the bearish days over....I personally was looking for a consolidation but markets have bounced back - what do u think of this recovery - Temporary or are we gonna march forward to 9000 mark from here?!

-Sam.

Hi Sam,

Long time no hear.........how r u doing these last few weeks?Still in ONGC?

Sam,as far as the markets are concerned,we have practically negated the bearish weekly bar from last week.......if we take out 2585 on the NIFTY and 8521 on the SENSEX ,and close the week strong,we are back to bullish ways as far as charts are concerned.The volumes continue to be lesser and lesser with every peak and is cause for worry........but our job is to go with the flow.

I came into the markets today,expecting a rally......but not this strong.Now we wait and watch how the next few days pan out.....are we going to fall right back down,or are we going to go to new highs.

All the best,Sam!

Saint

 

[Saint]

hi saint,
long time no hear. was out on tour last week, thursday evening my jaw dropped????????
today again same.
what's is mkt doing? (stupid question)
pray guide me.
regards
ragh_ash

Hi Ragh_Ash,
Volatile last few days.......still no definite idea where we are headed.Breaking 2585 ,we have negated the bearish bar from last week......but still a time for caution.

There are still some nice individual plays that are looking good though!

Take care......and all the best!!
Saint

 

[Saint]

Saint

Is the BSE/NSE chart showing signs of a double top now?

Cheers
Kishore

Hi Kishore,

Not yet a double top on the daily.........One of the Criteria for a valid double top or bottom:There should be at least one month in between the 2 peaks or greater to qualify it as a valid double top.

So not yet a doubletop on the daily yet.

One more point:The longer the time period between the 2 peaks ,and greater the height of the pattern,greater the chances of a possible reversal from a double top


Happy Trading!!
Saint