New Intermed Uptrend!!

[recker321]

Hi Saint,
I am new to this forum...found your posts very informative .... any suggestions on which stocks to opt for swing trading next week???!??
Thanks in advance

 

[vizzie]

VIZZIE!!!!!..........,great to have you back.......Perfect timing to take a break.

All's fine from this end,and hope the same on your end as well.

All the best!
Saint

Thx Saint,

God's grace.. I'm gr8 too..
So, what is the situation like..
do we trade or sit on sidelines a little more..
am not 2 comfortable with a bounded mkt like this..
seems like 3050-3200 all the while..

What shdl be the strategy in a mkt like this?

Will luv 2 hv ur views as always,

n u shall see much more of me now..

cheers
vizzie

 

[Saint]

Hi Saint,
Does the Teledata chart formation look like an uptrend is about to start?

Hi Vikas,

I have been getting this question on Teledata from different people at different times over the last year......at that point,at 40,then at 28's,then 20,now it's at 10!!

Same answer:Stay clear........TELEDATA is still in a downtrend,and this can go on.So don't try to predict and crystal ballgaze on this one.It's a falling knife.....let it fall,look elsewhere.

Saint

 

[vikasdewan]

Dear Saint,
Thanks. When would we say that it has broken out of its downtrend?

Rgds

Vikas

 

[Saint]

Dear Saint,
Thanks. When would we say that it has broken out of its downtrend?

Rgds

Vikas

Only once it can show some strength,and reach 30......if that happens,it could be starting a possible uptrend.For now,do nothing....

Saint

 

[Saint]

NSE AT 3087.....careful on your longs if it breaks through 3056.Once cracked,whether it forms a higher pivot low or lower lows is anybody's guess.This word of caution is for the shorter to intermed term traders only.......think the longer term traders have not exactly reentered after that fall in May.

Saint

 

[amitt29]

Thank You, Saint for ur valuable input.
God Bless.
Regards
Amit.

 

[kumar7]

Dear Saint: AFTEK INFO

Can I enter Atek at 59-60 level? It is in a short term uptrend. Can you give me entry and exit point. It is a risky stock!

Thanks,
Pranaw

 

[Saint]

Thank You, Saint for ur valuable input.
God Bless.
Regards
Amit.

Most welcome,my friend.

All the best!
Saint

 

[bull_bear]

Hi Saint,

mkt is 3044 now.
Whts your view on mkt now onwards