New Intermed Uptrend!!

[sandeep721]

Dear Saint

I think gtoffshore has broken out into an intermed uptrend on 25/8/2008 with good volumes. I am attaching the chart. I would appreciate if you could have a look and confirm the same. Thanks a lot


Sandeep

 

[nick721156]

Dear Saint

I think gtoffshore has broken out into an intermed uptrend on 25/8/2008 with good volumes. I am attaching the chart. I would appreciate if you could have a look and confirm the same. Thanks a lot


Sandeep

dear friend,

though the question is aimed at saint, i am giving my views. rightly the chart is giving indication of an uptrend as higher pivot low has formed and subsequent WRB has broken up the previous pivot high. however, considering the broader market behaviour, it is better to wait till it makes another higher pivot low before taking position.

saint, requested to give your views too. we all wait for your valuable replies.

regards,

nick

 

[columbus]

dear friend,

though the question is aimed at saint, i am giving my views. rightly the chart is giving indication of an uptrend as higher pivot low has formed and subsequent
..............

GTOFFSHORE appears to be on UPMOVE.

 

[GauravC]

ok , so this is where I should have posted my query on punjlloyd .. what would a good entry level be for a short term trade ?

 

[Saint]

ok , so this is where I should have posted my query on punjlloyd .. what would a good entry level be for a short term trade ?

Wait and watch mode on PUNJ LLOYD for now...........time for short term trades looking at higher time frame is not yet here.We are talking trading a time frame and trading trends,that is.

If looking for an answer abt fundamentals and company earnings and all that,then not in the right thread.

Saint

 

[vvvv]

saint,
need to clarify sum doubts abt ABAN .
as per weekly charts intermediate uptrend starts at the crack of previous pivot high which is at 4291.
4291 ia long way off & cant locate any weekly pivot before tht..till then no long trades on the dailies...hope im right

 

[trader31339]

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.

Dear Saint,
Did you scan these stocks manually or with a software using customised exploration formula , if you scaned these stocks using software , will you be greatful to reveal the expl,aortion formula .

Since it is time consuming to scan manually all stocks so I was basically looking for exploartion formula to scan stocks . Please reveal the conditions and paramteres u use to scan stocks.
Thanks

 

[columbus]

Originally Posted by Saint View Post
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.

Dear Saint,

Have a look at Sterlite & TataChem and share your views.

Regards,
columbus

 

[trader31339]

Saint,
Please let me know.........Did you scan these stocks manually or with a software using customised exploration formula , if you scaned these stocks using software , will you be greatful to reveal the explortion formula .

Since it is time consuming to scan manually all stocks so I was basically looking for exploartion formula to scan stocks . Please reveal the conditions and paramteres u use to scan stocks.
Thanks

 

[hirapanna]

Hi saint
I am in learning process, Why this thread is discountinued. Please Post here some strategies.
Very Kind of You

Hirapanna