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 mohanlate,
    Great analysis.......I agree with all your observations.As far as ABB is concerned,I am going to ride this trend till I see a reversal signal on the monthly.I was hoping that BEML would pull back which it did ....got in around the 647 area,am still bullish on that stock.Always too glad to exit though with a loss if stops get taken out.But totally agree with your observations.SESA GOA-may pull back a bit or may fire.Even if this week ends with a doji/harami,I would turn pessimistic only if the entire bar from last week gets negated.GUJ NRE--looking good.
    Once again,great analysis.....great observations.Thanks !
    Happy Trading!
    Saint
     
  2. ravi t

    ravi t Member

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    dear Saint
    good call regarding Tata Teleservices. on daily chart William % R is in good position though slightly towards selling region but at the same time on weekly charts tells a good story for this scrip, now i am not an expert of elliot wave analysis but slight hindsight reveals that a complex wave is in the offering in the weekly chart which might take it aabout 37. kindly correct me if i am wrong and suggest your opinion on this script.
    Thanks and Regards
    Ravi
     
  3. ucalegon

    ucalegon Member

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    Re: Swing BATA

    Looks very positive today. Touched 114!!!

    Any reason for this? Fundamental or otherwise?
     
  4. Saint

    Saint Banned

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    Hi Ravi,
    Agree ........My first target is about37,but feel it is headed much higher,unless some news,etc changes its course.

    Happy Trading
    Saint
     
  5. Saint

    Saint Banned

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    Nice moves in Polyplex,Jaiprakash Assoc. and Guj NRE Coke today........ :) !!
     
  6. avinash

    avinash Active Member

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    Hi Saint,
    Jaipraakash Asso. had a pullback today.........is it wise to enter here?

    Thanks in advance
    Avinash
     

  7. ravi t

    ravi t Member

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    dear saint
    what is your view of teledata info. is it the right point to enter at 28 or stay clear and wait for it show some reall movement
    regards
     
  8. devansh_god

    devansh_god Member

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    hi experts,
    i just joined yesterday....... great site this.......wish 2 recommend it 2 all my frnds......
    pls guide me on the short term future of cosmofilms. i bought it @87, some 20 days back, im a trader, not an investor. should i stay and average NOW.. should i exit and book losses, or should i wait for it 2 fall more for averaging....... pls guide me.... ive a considerable amount blocked in this scrip.......
    warm regards
     
  9. Saint

    Saint Banned

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    Hi Avinash,
    Jaiprakash Assoc.on the weekly charts still look higher,but the daily charts have had 5 up days,and may correct over the next few days.Stalk it and try to get in on a pullback.

    Happy Trading! :)
    Saint
     
  10. Saint

    Saint Banned

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    Hi Ravi,
    TELEDATA INFO is still in a downtrend.....this point could be the very bottom,or just a pause before plunging further.If this can rally a bit and then pullback making a higher pivot low,then it's good for a go.As for TELEDATA now,not yet!!

    Happy Trading
    Saint
     
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