New Intermed Uptrend!!

Discussion in 'Position Trading' started by Saint, Jul 9, 2005.

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  1. Saint

    Saint Banned

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    Hi everyone,
    Noticed that quite a few stocks have started a new move upward as per weekly charts.......some of them of the very many are:

    1.ABB----neat breakout from an ascending triangle,closed the week strong.
    2.BEML---nice pullback on the weekly and looking set to resume upwardly dir.
    3.SESA GOA--pullback lasting 5months,this week put up a neat wide range
    bar,ended strong for the week with increased vol.
    4.GUJ NRE COKE--a wide range weekly bar 3 weeks ago has announced the
    change in trend in this stock,followed by 2 weeks of
    consolidation.
    5.POLYPLEX CORP--higher pivots on the weekly followed by a breakout with
    increased volume.
    6.DIVIS LABS---again higher pivot lows on weekly,and heading higher.
    7.EID PARRY---weekly breakout on high volume to new highs.
    8.ELDER PHARMA---weekly breakout on high vol.
    9.IVRCL---looks set to breakout to a new high ,and continue its upward trend
    10.J&K BANK--after 6 months sideways,it put up a wide range bar with high
    vol,closing above the range.
    11.UTI BANK--looks set to breakout to new highs.
    12.UNION BANK---higher pivot lows on the weekly.
    13.JAIPRAKASH ASSOC--higher pivot lows
    14.PNB--higher pivotlows.
    15.TATA TELE---breakaway gap followed by a pullback on the daily,looking
    higher.
    16.AVENTIS PHARM--spent all of this year sideways,forming an ascending
    triangle on the weekly.
    17.JINDAL STEEL POWER---taking out previous pivot highs on the weekly,and
    looking to start a new uptrend.
    18.MID-DAY MULTIMEDIA--breakout from a range followed by a pullback,looks
    higher.
    19.MUKAND LTD--higher pivot lows on daily.
    20.NTPC--taking out previous pivot highs on the weekly
    21.SONATA SOFTWARE--nice consolidation and threatening to break to new
    highs

    Sincerely,
    Saint.
     
    gauharjk and shashank like this.
  2. pmathew

    pmathew New Member

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    This is really interesting and informative. Will you please give me more insight on interpreting pivot. I only know the basics and want to learn more.

    Regards

    pmathew
     
  3. joy_mitali

    joy_mitali Member

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    Hi Saint ,
    Thanks for all the info---Covering a wide range of sectors----
    Unable to make any posts now-----internet connectivity problem----no telephone link for the past 4 days----Keep up all ur good works-----
    A few more on thge list---Financial technologies,Himachal Futuristic,Tisco,Allahabad Bank,Balrampur Chini-------
    Regards,
    joy_mitali
     
  4. AMITBE

    AMITBE Well-Known Member

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    Hey Joy,
    Bought Fincial Technologies at 325, on a tip!!! Woa, what a killing. Yesterday it has been put under the BE catagory, so expect it to slow down a little. Its been running up breathlessly lately. I was told to stay invested for a whole year for 2000. Imagine?!
    Himachal Futuristic to me has seemed like a dirty operator scrip and there is nothing of substance in the company. I may be wrong but be careful.
    Thanks saint for all the info. Will check your suggestions over the weekend.
     
  5. Saint

    Saint Banned

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    Hi joy_mitali,
    TISCO---very nice,got into it around 336 area.A weekly close over the 372 area necessary b4 we can say we are starting new uptrend but agree with you.......looking juicy!!
    HIMACHAL FUTURIS--Chartwise,looks like in a new uptrend.Looking good!
    FINANCIAL TECH----this may reach the stratosphere,but personally would rather wait for a pullback.Has gone up 9 days in a row....so take care.Agree with Amitbe,may go much higher.....but best to wait for a p/b.
    ALLAHABAD BANK--looking good,in definite uptrend once it takes out the 91.85 previous pivot high on the weekly.Looking good!!

    Thanks for these ideas.

    Happy Trading!!
    Saint
     
  6. mukeshsingh

    mukeshsingh Member

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    hello friends
    thanking for this great posting , i am a new guy in this circle and doin intra day trading , could u tell me more ab sesa goa, guj nre , ntpc and sonata soft

    yours
    mukesh singh
     

  7. ravi t

    ravi t Member

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    dear Saint
    Thanks for posting a long list of good shares that are about to move in uptrends. i am new to this forum and wish to know your views on the following: Alka India, Maars Software, Varun Shipping, FDC india limited and Marson.
    Please advice me about the proper entry point and the target which i should opt for these shares. further i will be highly obliged if you let me know the reason if you recommend any of these shares.
    Thanks and REgards
     
  8. Saint

    Saint Banned

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    Hi Mukesh,
    Welcome to traderji......as per your question,if it's what the company does,who the ceo is,what the news is,etc....I apologise for I am not the right person to answer your questions.I trade the charts.....and that too I prefer the weekly/monthly ones,so my time frame is nearly that of an investor but my approch is not the "buy n hold" one.I do not know a thing about the fundamentals.....but have been profitable without them.I always respect the techno-fundamental guys,but I just can't get the fundamental part. :)

    Happy trading
    Saint
     
  9. Saint

    Saint Banned

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    Hi Ravi,
    I'll definitely have a look.......but give me till market close today.Slightly busy for now.

    Happy trading!!
    Saint
     
  10. phoenix

    phoenix Member

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    Hi Saint,
    Am similar to your approach as well......Arrive at trading decisions mainly from the charts,although I am trying to learn fundamentals as well.But I play the daily and hourly as well.Great post.....great calls.Thanks a lot!!
     
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