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New Intermed Uptrend!!

Discuss New Intermed Uptrend!! at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by bbuddy Hi, I have dena bank @36.65 & indraprastha gas @ 118.....can ...


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  #1901  
Old 22nd January 2006, 10:45 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by bbuddy
Hi,

I have dena bank @36.65 & indraprastha gas @ 118.....can u suggest me what i should do.

thanks and regards
vishal
Hi Vishal,

DENA BANK :We are at some resistance here on the daily charts,which means nothing but some slish slosh sideways move and then a new move up.But as all traders do and should,a stop loss is necessary.Put yours at 34.5.Meaning if triggerred you'll take a RS2 loss but risking an x amount to get back 2x,3x or more is what trading is all abt.So far,this one's looking good..............if stopped,get out,but track it.Watchlist even if stopped.

INDRAPR GAS :Nice gains so far,my friend.Raise your stop loss to 127 and do nothing else.

Happy Trading!
Saint
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  #1902  
Old 22nd January 2006, 10:48 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by sandynisha
dear saint,
thanx a lot sir....that write up was great..thanx alot.....next time i will never say ...i had a heavy loss ....thanx again
Hi Sandy,

Most welcome.........nope,it's not that next time you will not say that you had a heavy loss.......but next time you will not take a heavy loss at all thanks to good risk management principles.

All the best!
Saint
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  #1903  
Old 22nd January 2006, 11:00 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by vikasdewan
Hi Saint,
Request your opinion on the following:
1.) Teledata Info : You had mentioned a month back that the weekly charts looked favorable for a rise. Does that look like the case now ?

2.) Sonata Software : Proposects of this stock ?

3.) Tata Tele : Prospects ahead ? Also, in light of the Temasek buying 26% stake ....


Your inputs are appreciated as always.

Vikas
Hi Vikas,

TELEDATA :This is one good example of letting the stock demonstrate strength before we jump in hook,line and sinker.Our entry point was over the 29.5 area which never triggerred.Still lower highs and lows,you could keep this on your watchlist,but no entry till 29.5-30 level reached.......else it would be like catching a falling knife as the famous phrase goes.

SONATA :There's this stiff resistance at the 45 levels,making life only that much more difficult for us to make money off it.Better to look for another stock to make some neat profits.

TATA TELE :Still a mess........once again,let it do its thing while we look else where to make some profits for now.Reassess later to see if things have changed much.Not for now.

Happy Trading!
Saint
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  #1904  
Old 22nd January 2006, 11:21 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by dheerajmehta
Hi saint,
Had posted this query 2 days ago...might have been missed
Please reply when u find time
pasting it here:

Hi saint,

Could u plz gove your suggestions regarding the following counters:

MSK proj. entered@ 95.5 its current price 88.2
Max entered@613 current 570
Bharti entered@345 current 330
Shringar cinema entered@83 current 76.2
autoaxles entered@552 current 570

I had enetered eastsilk@206 currently its at 242 ...should i book profits?...i've noticed that this scrip is controlled by operators and tends to shoot up or fall rapidly

Regards,

Dheeraj M
Hi Dheeraj,

MAX INDIA :Back to 601,still a HOLD.Expect a big move soon,my take is that it's going to be to the upside.So far so good.

MSK PROJ :We finally got the long awaited breakout on Friday.Nothing to be done but to raise the stop loss to 88.HOLD.So far so good

AUTO AXLES :Again,looking good.Now at 601.Move stops to 552(breakeven).HOLD.

SHR CINEMAS :I would exit at 75 and look to reenter later.On longer term charts still looking great.Basically your call to make depending on ur time frame of trade.

EAST SILK :HOLD.Raise the stop loss to 232,in nice profits on this one even if stopped.Now do nothing else,ride the trend and enjoy the ride!Great going.

BHARTI TELE :Back to 345 now.Stilltrading within that asc triangle,for now a HOLD.A break over 377 will be sweet.Till then you may have to be patient as the stk trades within that triangle and readies itself for a breakout.But if this cracks below 320,we have a breakdown from an asc triangle which is bearish.

Happy Trading!
Saint
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  #1905  
Old 22nd January 2006, 11:39 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint
Hi Dheeraj,

MAX INDIA :Back to 601,still a HOLD.Expect a big move soon,my take is that it's going to be to the upside.So far so good.

MSK PROJ :We finally got the long awaited breakout on Friday.Nothing to be done but to raise the stop loss to 88.HOLD.So far so good

AUTO AXLES :Again,looking good.Now at 601.Move stops to 552(breakeven).HOLD.

SHR CINEMAS :I would exit at 75 and look to reenter later.On longer term charts still looking great.Basically your call to make depending on ur time frame of trade.

EAST SILK :HOLD.Raise the stop loss to 232,in nice profits on this one even if stopped.Now do nothing else,ride the trend and enjoy the ride!Great going.

BHARTI TELE :Back to 345 now.Stilltrading within that asc triangle,for now a HOLD.A break over 377 will be sweet.Till then you may have to be patient as the stk trades within that triangle and readies itself for a breakout.But if this cracks below 320,we have a breakdown from an asc triangle which is bearish.

Happy Trading!
Saint



Hi Saint !!

TIL looking gud for an upmove frm here..
Can we look up to smwhere 260-270 in this move..
Also worth the game now?

cheers
vizzie
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  #1906  
Old 22nd January 2006, 11:55 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by vizzie
Hi Saint !!

TIL looking gud for an upmove frm here..
Can we look up to smwhere 260-270 in this move..
Also worth the game now?

cheers
vizzie
Hi Vizzie,

Not much volume on that move on Friday.Wonder if we have enough blast power to go to new highs from here.This pullback may not be done as yet......so keep close track of it for now.

Saint
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  #1907  
Old 22nd January 2006, 11:59 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by sh50
Great thread, saint. Some excellent examples of risk management and the tiger analogy thrown in. It was a pleasure to go through them. Nice to have people who have the expertise to make short term recommendations. There is a saying in Hindi/ Gujarati " IT DAWNS WHEN YOU WAKE UP"-"Yeh dil maange more"

Normally I find recommendation threads a trifle mundane but this has been different. Great show. Keep it up.
Hi sh50,

Thank you for your kind words........they are most sincerely appreciated.

Saint
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  #1908  
Old 23rd January 2006, 12:14 AM
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Default Re: New Intermed Uptrend!!

Hi Saint,

Can you please tell me your views on the following stocks:

1. Astra Micro (Impressive Q results)
2. Upper Ganges (Again Impressive Q results and haven't run up like other Sugar stocks.....talking comparatively)
3. Gupta Synthetic.(listed on BSE)

Regards,
Ashish.
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  #1909  
Old 23rd January 2006, 12:32 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by game4trade
Hi Saint,

Can you please tell me your views on the following stocks:

1. Astra Micro (Impressive Q results)
2. Upper Ganges (Again Impressive Q results and haven't run up like other Sugar stocks.....talking comparatively)
3. Gupta Synthetic.(listed on BSE)

Regards,
Ashish.
Hi Ashish,

ASTRA MICRO :look to buy only once it crosses 235.Now on a wait n watch.

UPPER GANGES :Has gone up too much for my liking,would rather wait and enter on a pullback or miss the blast off totally.

GUPTA SYNTH :Very nice find.That breakaway gap on November 1st followed by a long sideways consolidation makes it a nice entry if it can cross 163.Buy at 163 with a stop at 141 with a first target of 200 or higher.

Happy Trading!
Saint
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  #1910  
Old 23rd January 2006, 12:46 AM
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Default Re: New Intermed Uptrend!!

SHANTI GEARS:Was called by AMIT on his thread earlier.For those who missed that move,it has given us a neat pullback after a breakout from an ascending triangle.The weekly breakout bar from an asc triangle and then the pullback holding up to half that bar is a sign of bullishness.Buy here(CMP=66) with a stop loss of 59,and a target of 82.Share size as per your risk principles.

Happy Trading!
Saint
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