Technical trades-Q&A

[khan]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Dear Saint,

Please let me know when can Amtek reach a target of 240. what can we expect of GAIL in the near future.

 

[Saint]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Khan,
No definite target as we are in unchartered territory.Currently just trail stopping it upwards....stop loss now at 187,that's nearly break even from the point of entry.Once it takes out the previous high of 239,then we are going to raise the stop loss to 207(prev pivot) so on so forth.My first target if hit when I take my profits would be 265.

Happy Trading!
Saint

 

[sam]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Saint,

What is ur call on ONGC...I got into the scrip at 957....are things set for an upward move??

Kindly Advice.

-Sam

 

[Saint]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Sam,
ONGC is forming a huge ascending triangle on the weekly which is usually bullish......the good thing about entering here is that you would be part of a blast off once volume comes into ONGC in a bid to breakout from that triangle.The bad thing of course would be that ONGC may sit in that triangle for months.So it all depends on your time frame,Sam...... if you are playing for the short term,there's a resistance at 975-1000 and it'll throw you around.Getting in now may not have been a wise idea.....If you are a long term player positioning yourself for a breakout and took small positions here,and would add after the breakout,and don't mind waiting weeks to months for that breakout,then it's a great move!!

Happy Trading!
Saint

 

[sam]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Saint,

My first (Practical) lesson Learnt!!

I was very much carried away by the media hype of ONGC-Mittal Jv's and made a decision keeping that in mind! Yes, It did take ONGC to a bit higher level from 938 to 965 but very unfortunate I was able to enter it only when it was 957 (due to gap in communication between me and my broker!!).

I realised I have got into it a bit higher than I would have liked!! Now I need to find a way out without making a loss.....again as a typical trader (without the knowledge of technicals!!) I am waiting for some good news as their quarter results are out tommorow!

Thanks for your efforts to reply me on every query!!

-Sam.

 

[phoenix]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Sam,
ONGC is forming a huge ascending triangle on the weekly which is usually bullish......the good thing about entering here is that you would be part of a blast off once volume comes into ONGC in a bid to breakout from that triangle.The bad thing of course would be that ONGC may sit in that triangle for months.So it all depends on your time frame,Sam...... if you are playing for the short term,there's a resistance at 975-1000 and it'll throw you around.Getting in now may not have been a wise idea.....If you are a long term player positioning yourself for a breakout and took small positions here,and would add after the breakout,and don't mind waiting weeks to months for that breakout,then it's a great move!!

Happy Trading!
Saint

Hi Saint,
Very nice....thanx!!Keeping it on my radar....

Phoenix

 

[avinash]

Re: Amtek Auto/Petronet LNG/Indrapr.Gas

Hi Saint,
Very nice....thanx!!Keeping it on my radar....

Phoenix

ONGC may plunge on friday,maybe good to get in at lower prices....

 

[rparasher]

Re: Bongaingaon Refinery

Can anybody tell me, who were registerar of Bongai refinery... I have not yet got my dividend.....
rajesh

 

[timepass]

Any form of soliciting is considered spamming and should be reported. In future, I request you to report all such posts using the "Report" button below the post.

Advertisers are different from spammers. Anyway, hopefully you too will help keep the forum clean by reporting the spammers.

 

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