New Intermed Uptrend!!

[ixedoc]

satyam computers

i have 500 shares of satyam computer, which i bought in 2001 as a long term investment. is it time to book profit or can i wait. this is my first post so i am sorry if this is a silly question

 

[dinkerj]

Hi Saint,
Please express your view.

Hi saint,
Whats your view on auto companies - Escorts and Hindustan Motor
cement - Prism Cement
Finance - India Bull
Consumer Durable - videocon International
Metals - Gur NRE, SAIL
Textile - Alok Textile, Garden Silk

Thanks and Regards
Dinker

 

[Saint]

Hi Saint,
Please express your view.

Hi Dinker,

Apologies for missing out on this one.......shall do it right away!

And thanx for reminding!

Saint

 

[Saint]

INDIABULLS FIN :Nice bullish move today......on high volumes.Looks set to start a new uptrend.Higher pivot lows on the weekly.

Buy over 180 with astop loss at 152.Again,trail stop upwards.

Happy Trading!
Saint

Hi Dinker,

Above is my take on INDIABULLS.......looks good on the weekly so far!

As for the others :

ESCORTS :Stay away from this one for now until it does something different.Hovering around this area is bearish,and in the intermed term looks like a continuation in its downtrend.But a decisive move with high volume and a break over 85 levels will then have us to re-evaluate.For now bewarish......keep out.

HIND MOTORS :Same story as above.For now bearish,but if this area holds and we have a bullish candle/bar up from here wouldmean a higher pivot low and possible move up.For now bearish.Watchlist for now.

PRISM CEM :Sorry to continue in the same vein,but yet again for the watchlist.Bearish for now unless this area holds.Stay out Keep watch.If the area of 17 breaks to the downside,forget abt this one.Then we are in a formal dntrend.

More in the next!
Saint

 

[Saint]

Originally Posted by dinkerj
Hi saint,
Whats your view on auto companies - Escorts and Hindustan Motor
cement - Prism Cement
Finance - India Bull
Consumer Durable - videocon International
Metals - Gur NRE, SAIL
Textile - Alok Textile, Garden Silk

Thanks and Regards
Dinker

Hi Dinker,

VIDEOCON INTL :So far this area looks like it's holding.From here we could have a move in either direction.Let it make its move before we commit our money.A break to 90 levels is an indication of possible breakout.For now on your watchlist.Things get interesting if it takes out 90.Till then,do nothing.

ALOK TEXT :Not looking too good.For now in bearish mode.All depends whether this area can hold.Stay out for now.

GARDEN SILK :Again,could go either direction.A break over 72 is bullish.For now in stalk mode.Watchlist.

More later!
Saint

 

[Saint]

Re: satyam computers

i have 500 shares of satyam computer, which i bought in 2001 as a long term investment. is it time to book profit or can i wait. this is my first post so i am sorry if this is a silly question

Hi Ixedoc,

First of all, a very warm welcome to our little family..........hope you benefit from the various posts and wishing you all the best!

Secondly,no question is a silly question.Every question is an important and necessary step on your journey to success.So,don't just stop at one,ask a barrage.Remember,best to sort your doubts out now than later when the market does that job for you.

Thirdly,on Satyam,yours is a long term investment.Am sure you did your study on the fundamentals before you got in.From the technical aspect,no reason to sell.HOLD for now and enjoy your gains.

Great going!

Happy Investing!
Saint

 

[Saint]

Hi Dinker,

SAIL :Expect a short term move up but could meet up with supply at 63 -65levels.So if your view is more an intermed term,stay out.

GUJ NRE COKE :Looking good so far,but only on a breakout over 116 levels.Till then, a watch.

Happy trading!
Saint

 

[Dhanya]

PRAJ INDS:Nice wide range breakout bar put up on the weekly 3 weeks back,followed by a gap up and a nice orderly pullback.Looks set to continue its uptrend.CMP=108.Buy with a stop loss at 98 and a first target of 130,and then hold trail stopping upwards.

Happy Trading!
Saint

Hi Saint,

Nice move in PRAJ today(so far!)

Dhanya

 

[mail2joshi]

Hi Saint,
I go through this article and want your views on it.
http://www.financialexpress.com/fe_full_story.php?content_id=111582

Regards
sjoshi

 

[dinkerj]

Hi Dinker,

SAIL :Expect a short term move up but could meet up with supply at 63 -65levels.So if your view is more an intermed term,stay out.

GUJ NRE COKE :Looking good so far,but only on a breakout over 116 levels.Till then, a watch.

Happy trading!
Saint

Thanks saint,
So kind of you.You solved my prob.
'
Thanks for being there.
regards
Dinker