Some Good Steals...

[mail2joshi]

Hi Amit, Saint
Thanks for your kind support at each and every step in this bullish market and helping Usha and others to learn a lot.

I was going through all the threads and really found them very inspiring.

I want to offer one suggestion regarding the name of scrip or company,
Is it possible to write name of the company or scrip code in bold and italic so that it can be easily identified in between the analysis and queries.

Regards
sjoshi

 

[raju_shastry]

Amit,Saint,


Can we take positions now or is it still a wait?

 

[Saint]

Amit,Saint,


Can we take positions now or is it still a wait?

Hi Raju,

For me,I am still on the sidelines.............a wait for now,till we get a clear signal that the uptrend is resuming.As of now,not yet.

Happy Trading!
Saint

 

[Saint]

Hi Amit, Saint
Thanks for your kind support at each and every step in this bullish market and helping Usha and others to learn a lot.

I was going through all the threads and really found them very inspiring.

I want to offer one suggestion regarding the name of scrip or company,
Is it possible to write name of the company or scrip code in bold and italic so that it can be easily identified in between the analysis and queries.

Regards
sjoshi

Hi sjoshi,

Good idea........shall try to do so in future.

All the best!!
Saint

 

[AMITBE]

Hi Amit,
I would like to bring to notice 2 good picks..
1.Aztek software--CMP-154...Good ascending trend with no resistance on graph...results also good...breakout there
2.Dabur India-CMP-166-good ascending trend---good quarterly results also..
ready to breakout and continue it's trend

I have recently taken a clal in
3.Rajasthan Spinning(Good ascending trend)-but resistance at 137 levels....good financial results...i took at 128 level
4.Abhishek Industries--Q2 profit expected-106%--near to breakout the resistance---took at 36.50

Madhura

Hi Madhura...The breakout in Aztek happened at 120-125 levels. At this point while it will do very well in the mid term, in the short term it's going to be trend play and some gains are certain, as the results are very good.
Dabur is always a defensive investment and the company has a very good blue-print for growth.
RajasthanSpin you may have come in early so will need to wait for the density overhead to be cleared. For now it's trading sideways in the 125-135 band though had dipped a little lower over the last few sessions. The resistances to be dealt with are between 128 and 140 and a little more later. However crossing 135 with volume it wiould be in a trend once again. Has support at 120.
The breakout in Abhishek came in mid August at 31 and it rallied to 41 where it reacted twice and fell each time. In all this it has established several difficult levels to the up. However on fundaments it's one of the best in it's space, and your entry is rather good at 36.50, a little above a crucial support at 35. Do keep an eye on 35 though. If this is tested with increased volume, exit at once as the drop could be to 30.
All the best.

 

[Saint]

Hi karuna,
Yes I am ready. Let us decide how to proceed in our new adventure into knowledge accumulation, then wealth has to follow.

Usha

Hi Usha,

Me too sailing in the same boat, lost everything earned in the first 7 months of my trading career

Reading the posts of all the wonderful folks out here, I too feel fired up that I have to conquer the markets and kuchh toh kar dikhana hai !!!

Earlier on you had responded to my request re: learning about options trading? I think both of us are seriously ready to do it now. Can we do it together ?

Let us start a separate thread where we post all that we learn/understand so that we can get the precious advice from the seniors here and are also able to help others who may be interested in the same.

Regards,
Karuna

Hi Usha,Karuna,

Great attitude,my friends,great attitude............wishing you all the best as you march,if not storm,towards your goal.

Keep this quote in mind when you face seeming problems........"Obstacles are those frightful things you see when you take your eyes off your goal."...Henry Ford.

Great going,both of you.........

Happy Trading!
Saint

 

[usha]

Hi Usha...
You have received an overwhelming and an astounding round of support, empathy and guidance from a lot of wonderful souls at this amazing forum.
I myself can never stop feeling grateful for that one moment when quite by chance, I happened upon this enchanted space.
Or was it chance? Does anything ever happen for no reason, and do our paths only criss-cross for merely the nebulous idiosyncrasy of coincidence?
I believe not. It stands to reason that things only happen for a reason, and from the vantage point of hindsight, we would always know that that reason was the vital pivot-necessity for our journey forward.
Your own recent experiences are compelling you to reach out to a greater learning of the art of trading now. Couched amid your losses lay this opportunity.
Make the best of it, Usha, and make the best of all these wonderful people here, albeit graciously.
And graciously reach the greatest hights in every endeavour in life.
I do wish you all the very best.

Dear Amit,

You are 100% correct. The support & inspiration I got from all the forum members is definietly more than anything I could have asked for. You and everyone is coaching me to excell. Yes I am coming in terms that I have lost a part of my capital itself. It is very hard, I know but now with the gracious support of the forum people I have accepted it. I donot gained complete courage atpresent to say I will do wonders, I will earn millions. But Amit,yesterday saint used in his poem the word light for fight, you know I think thats a good oman for me. I am seeing the light at the end of a tunnel.
Yes I want to learn Technicals, those triangles, moving averages, options and what not? and why not? Someday(may be soon) I will discuss with you, saint and other seniors about the technicles of a stock, index and options. May be commodities, may be forex, may be Nasdac, dow& nikkie. Then don't you think one fine day someone will ask me "usha I have brought xyz and what is your opinion technically?" With the learning I aim to earn. "diyo yonah prachodayaath" I know your wishes are with me so I donot ask it.Thanks is just a word, I mean more to you and all those who are with me. Bye,

usha

 

[kkrish68]

Kishore

There is no acending triangle.. You have drawn the bottom trend line correctly. But the top trend line you have not connected the peaks.... Just connect the peaks and see...
In an ascending traingle when you connect the peaks it should be a horizontal line...Sorry..Amit this one looked too easy to resist...

regards

karthik

Thank you Karthik.

 

[mail2joshi]

Hi Amit,
Now in this correction phase, I am on my nerves .

I have bought ITC @ 142 and IndiaInfo @ 152.
But today market have taken some of my amounts.

I think I am ok in ITC because I invested in it for long term but regarding India inforline I am very much afraid, shd I exit from it or wait for some uptrends.
Also SAIL is on downside and went below its intraday supports 60.4 and 59.6 and I hope it will touch its strong support 55 I entered into SAIL @ 62

Please reply with your valuable suggestions.

Regards
sjoshi

 

[usha]

Hi Usha,Karuna,

Great attitude,my friends,great attitude............wishing you all the best as you march,if not storm,towards your goal.

Keep this quote in mind when you face seeming problems........"Obstacles are those frightful things you see when you take your eyes off your goal."...Henry Ford.

Great going,both of you.........

Happy Trading!
Saint

Hi Saint,

Thank you for your sincere wishes. I remember this quote always.
Usha

P.S.
Hey doc, why cannot you give some harmone injections to my ailing holding escorts? what do you prescribe for him? Suddenly it fell from 101 to 88, today it started recovering but market fell. How is the stock looking technically?