New Intermed Uptrend!!

[djsinha]

Saint howz Gujarat NRE coke looking on the charts....entered at 166 y'day near to that yellow trendline as shown.

 

[Saint]

Hi saint and others mercator line triangle breakout two days back then pullback to upertrend line then moving up today ... should buy 50 % today and other 50 % at when high of WRB clears ??

Regards
Satya

This is weekly resistance area.........no way of knowing whether it's going to breakout or fall.....Daily looking juicy,agreed......if this were a confirmed intermed uptrend,right-o on the strategy........but be cautious if it cannot close strong.

You must have entered 50% already,put your stops to a bit below that breakout bar.Allow it to take you out if weak,if strong,add as planned by yourself.

Great going,my friend.....well done!

Saint

 

[Saint]

Saint howz Gujarat NRE coke looking on the charts....entered at 166 y'day near to that yellow trendline as shown.

I don't exactly know what it's doing today........but ugly looking chart,dj....best to stay out of these,no clear patterns,too many topping/bottoming lines,always best to keep out of these.

Put your stops at 149......if this cracks get out......not saying that it cannot go on to make newer highs.......but there are some good stuff out there where you can comfortably trade,some neat clean ones......go for those,always best!

Saint

 

[Saint]

yes saint may be bussy with his positions ...

Regards

Satya

Too many things going on Satya.....sorry about that,my friend!

Saint

 

[djsinha]

I don't exactly know what it's doing today........but ugly looking chart,dj....best to stay out of these,no clear patterns,too many topping/bottoming lines,always best to keep out of these.

Put your stops at 149......if this cracks get out......not saying that it cannot go on to make newer highs.......but there are some good stuff out there where you can comfortably trade,some neat clean ones......go for those,always best!

Saint

Thank you very much Saint. Kept SL at 150. Will prob hit SL today. Trading somewhere arnd 152.

 

[Satyen]

This is weekly resistance area.........no way of knowing whether it's going to breakout or fall.....Daily looking juicy,agreed......if this were a confirmed intermed uptrend,right-o on the strategy........but be cautious if it cannot close strong.

You must have entered 50% already,put your stops to a bit below that breakout bar.Allow it to take you out if weak,if strong,add as planned by yourself.

Great going,my friend.....well done!

Saint

thank you very much saint .. yes entered 50% ...

Regards
Satya

 

[shahbaz mallick]

hiiiiiiiiiiiiiiiii

 

[Saint]

As already indicated,going to throw up ideas in this thread........the rest is the same.

INT UPTREND:Going to buy daily downtrends and then pivot breaks.....then stops at previous pivot lows,so on so forth.....if vertical move,then stops to the low of 2 bars back every time we make new highs.......probably an exit if you get a monster gap up....blah blah blah.

NOT YET INT UPTREND:Holding stocks to strong weekly resistance,taking some off,and then others on a pivot crack on the daily charts.No hoping and praying business that this might be the stat of a new Int Uptrend.

Off to Singapore for a week.........Probably will throw up more ideas on return.
Stops on all stocks on a break of daily pivots,and profits at weekly resistance.......same as taught in my other thread.

Good Luck.......any queries for now can be handled by Jamit05,Satya_Pinku,and others who know how I think..........

All the best!
Saint

 

[uasish]

Saint,

A real nobel effort for so many years,only remain awe struck.

Asish

 

[Satyen]

As already indicated,going to throw up ideas in this thread........the rest is the same.

INT UPTREND:Going to buy daily downtrends and then pivot breaks.....then stops at previous pivot lows,so on so forth.....if vertical move,then stops to the low of 2 bars back every time we make new highs.......probably an exit if you get a monster gap up....blah blah blah.

NOT YET INT UPTREND:Holding stocks to strong weekly resistance,taking some off,and then others on a pivot crack on the daily charts.No hoping and praying business that this might be the stat of a new Int Uptrend.

Off to Singapore for a week.........Probably will throw up more ideas on return.
Stops on all stocks on a break of daily pivots,and profits at weekly resistance.......same as taught in my other thread.

Good Luck.......any queries for now can be handled by Jamit05,Satya_Pinku,and others who know how I think..........

All the best!
Saint

Wil wait for those GIFTs from singapore ......

though i m not eligible to answer wil surely discus and learn

Regards
Satya