New Intermed Uptrend!!

Originally Posted by Saint

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.

Originally Posted by kkrish68

Hope you are well. Need your clarity to look at the current chart formation in BSE and NIFTY. Are we at a double top currently?

Your inputs will be useful.

thanks n regards
Kishore

Originally Posted by prasad_ashish

Hi Saint,
I have couple of penny stocks, which I bought on some of this forum's genuine recommandation. Currently I am in huge loss in these penny stocks.
These stocks are

Ajay Soya - bought 500 @ 15 CMP 7.30
SYSCHEM INDIA - bought 1000 @ 6 CMP 3.27
Parekh Platinum - bought 500 @ 12.80 CMP 9.10

Now market is climbing everyday, but there is no movement in these stocks. I have been holding these stocks from last 4-5 months. Pls suggest me if these stocks are sell or hold in this scenario.
I have always honoured your valuable suggestions.

Regards
Ashish

Originally Posted by ashutosh agarkar

hi im new here & would like to know ur views on hcl tech.is this the time to sell it?

Originally Posted by karthikmarar

Saint

It is so nice to see you back in action..my Friend. Frankly...I was a bit worried when I did not see you on line for a few days. Sort of ...relieved to see you back.

warm regards

Karthik

Originally Posted by ferret

Hi Saint
I have Andhra Bank, MLL and Zensartech. Would like your views on these please. Thanks.