New Intermed Uptrend!!

jraj · #**3781** 5th February 2007, 12:29 PM

Quote:

Originally Posted by Saint

Hi Anu,

Both setting up nice sideways moves,Praj trading in an ascending triangle so far.......both looking to go.

Nice ones,Anu......

Saint

thanks saint.nice gains so far in praj,abt 83%.

thanks again.

jraj

Anupama Singh · #**3782** 6th February 2007, 11:25 AM

Hi Saint,

Plz have a look at Cranes Software.Long consolidation pattern on long term charts.

Thanks in adv,

Anu

oxusmorouz · #**3783** 6th February 2007, 12:44 PM

Sorry to interput but WOW!! Cranes software has been oscillating between 93 and 111 for a period of more than year!!!!
I'm terrible at patterns and it isn't my cup of tea but this seems to be the best case of a rectangle formation I've seen in my life (forgive me if I'm mistaken)
Thank you for telling us Anupama. I shall monitor this stock closely

birjubanarasi · #**3784** 6th February 2007, 12:52 PM

Does it mean we should enter in this stock?
(Sorry I'm weak in charts and TA).

Shareholding of Cranes Soft. :
Total Promoters 38.00
Total Foreign 37.61
Total Public & Others 10.80

also, HDFC Capital MF is invested in this company(have 5% of thier portfolio).

Rgds,
Birjubanarasi

oxusmorouz · #**3785** 6th February 2007, 12:55 PM

I didn't say that!
Well, stocks which consolidate this long move voilently when they breakout ...positive or negetive. All I said was that I'm going to add this to my watchlist...nothing more nothing less

birjubanarasi · #**3786** 6th February 2007, 12:58 PM

This stock is already in uptrend( above 6.5% on BSE and above 4.5% on NSE)... but within range mentioned by seniors.
Now any comments ?

It will be appreciable if any of our senior members can provide the resistance level which we can monitor for entering in this stock.

Rgds,
Birjubanarasi

oxusmorouz · #**3787** 6th February 2007, 01:13 PM

There has already been one such an event in the chart where the upmove with strong volumes was halted at 112 (closing basis).
If I were a pattern trader (which I am not), I'd wait till 115 is crossed convincingly on a closing basis with good volumes and I'd certainly place my stop at 90.

Anupama Singh · #**3788** 6th February 2007, 10:44 PM

Quote:

Originally Posted by oxusmorouz

There has already been one such an event in the chart where the upmove with strong volumes was halted at 112 (closing basis).
If I were a pattern trader (which I am not), I'd wait till 115 is crossed convincingly on a closing basis with good volumes and I'd certainly place my stop at 90.

Thanks Oxus for the advice.....the words in bold almost sounds like Saint.

Thanks again

Anu

Saint · #**3789** 7th February 2007, 04:05 PM

Quote:

Originally Posted by jraj

thanks saint.nice gains so far in praj,abt 83%.

thanks again.

jraj

Cool Jay,great going......

Saint

ragh_ash · #**3790** 7th February 2007, 08:24 PM

hi saint,
nice to have u back!
suddenly all seniors seem to have taken a vacation (except Karthik)
what's up?
regards

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