New Intermed Uptrend!!
- Thread starter Saint
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Re: Swing Ceat
Hi vivenan,
The stock is definitely in a clear down trend since early June, and where it is trading now at 80, has no support till the 75 mark. It has to cross the 90 mark for any buy indication, and I don't see this happening in the near term, as I see no visible sign of stablity either.
On the fundamental front, while the company has shown slight increase in earnings over the last two quarters, in relation to the numbers from the corresponding quarter last year, they are in losses.
My advise is to keep off for now, till at least towards the end of the current quarter.
Hi vivenan,
The stock is definitely in a clear down trend since early June, and where it is trading now at 80, has no support till the 75 mark. It has to cross the 90 mark for any buy indication, and I don't see this happening in the near term, as I see no visible sign of stablity either.
On the fundamental front, while the company has shown slight increase in earnings over the last two quarters, in relation to the numbers from the corresponding quarter last year, they are in losses.
My advise is to keep off for now, till at least towards the end of the current quarter.
Re: Swing Ceat
Hi vivek,
CEAT was beautiful pattern till June,nice consolidation,sitting on the 10 EMA,.....but with that breakdown ,CEAT is now sitting below the 10 and 20 EMA,with the danger of the 10 ema cutting that 20 ema.....Frankly feel that CEAT can go either way from here.Let it give us the Buy Signal....would prefer if some vol can push this stock to the 88-90 levels,then only worth putting your money on this one.At present,Vivek,.....wait n watch!!
All the best!!
Happy Trading!!
Saint
PS:If I were a gambling type,I would bet that ceat is going lower from here to its next support level before going up
viveanan said:
Ceat
Seen lots of consolidation in last 2 months.
Good fundamentals.
Test 80.25 third time on monday - very strong support.
trading at very low volume.
lots of trucks damaged their tyres in rain
keep watch.
amit, saint please comment.
Seen lots of consolidation in last 2 months.
Good fundamentals.
Test 80.25 third time on monday - very strong support.
trading at very low volume.
lots of trucks damaged their tyres in rain
keep watch.
amit, saint please comment.
CEAT was beautiful pattern till June,nice consolidation,sitting on the 10 EMA,.....but with that breakdown ,CEAT is now sitting below the 10 and 20 EMA,with the danger of the 10 ema cutting that 20 ema.....Frankly feel that CEAT can go either way from here.Let it give us the Buy Signal....would prefer if some vol can push this stock to the 88-90 levels,then only worth putting your money on this one.At present,Vivek,.....wait n watch!!
All the best!!
Happy Trading!!
Saint
PS:If I were a gambling type,I would bet that ceat is going lower from here to its next support level before going up
Last edited:
Hi everyone,
Just a few updates.....long term trading can be tiresome in the sense that the gains are not immediate,you don't to get to ring your cash registers frequently,you see a whole lot of paper gains but desperately try to resist the temptation ,you see your account up big time,and yet you know that you risk them all in the bid to stay with the trend.It can be frustrating.....you feel,"I was up 20k or 30k,why didn't I take the profits and run."....Well,simply put,the answer to that one is"The trend hasn't changed!!"The beauty is that gains are huge,the trade more fulfilling as you realise that you caught a big chunk of the move,you stay away from all the noise of the market,wealth is allowed to grow.....and at the end of the year,compounded again and again....while income is earned by short term trading.
ABB--pattern still looks good....no indication for a sell yet.Raise SL(stop loss)
to BE(break even).So(sigh!)after all that 200 point upmove all that we are sure of is that we are not going to lose on this one!!
DIVIS LABS--Raise SL to BE.
INDRAPR GAS--Raise SL to BE.
JINDAL STEEL--Raise SL to BE.
PRISM CEM--Raise SL to BE.
AVENTIS PHARM--Raise SL to BE.
NTPC--Raise SL to BE.
PETRONET LNG--Raise SL to BE.
NOIDA TOLL BRIDGE--Raise SL to BE.
UTI BANK----Raise SL to BE.
ANDHRA BANK--Raise SL to102....we are now in profit territory.
ANDHRA SUGARS--Raise SL to 137.....we are in profit territory
AMTEK AUTO--Raise SL to 207,same as above.
JAIPRAKASH ASSOC.---Raise SL to 218,we are in profit territory.
IVRCL--Raise SL to 560...also in profit territory
MAHINDRA GESCO--Raise SL to 170,same,also in profit territory
UNION BANK--Raise SL to 115...same as above
TATA TELE---Raise SL to 30.5,in profit territory
SESA GOA--Raise SL to 650,in profit territory
TISCO--Raise SL to 366,in profit territory.
BEML--Keep SL at 580.
B O RAJ--Keep SL at 52.5
GUJ NRE COKE--Keep SL at 105
POLYPLEX--Keep SL at 187
FLEXTR SOFTWARE--Keep SL at 584
Happy Trading!!
Saint
Just a few updates.....long term trading can be tiresome in the sense that the gains are not immediate,you don't to get to ring your cash registers frequently,you see a whole lot of paper gains but desperately try to resist the temptation ,you see your account up big time,and yet you know that you risk them all in the bid to stay with the trend.It can be frustrating.....you feel,"I was up 20k or 30k,why didn't I take the profits and run."....Well,simply put,the answer to that one is"The trend hasn't changed!!"The beauty is that gains are huge,the trade more fulfilling as you realise that you caught a big chunk of the move,you stay away from all the noise of the market,wealth is allowed to grow.....and at the end of the year,compounded again and again....while income is earned by short term trading.
ABB--pattern still looks good....no indication for a sell yet.Raise SL(stop loss)
to BE(break even).So(sigh!)after all that 200 point upmove all that we are sure of is that we are not going to lose on this one!!
DIVIS LABS--Raise SL to BE.
INDRAPR GAS--Raise SL to BE.
JINDAL STEEL--Raise SL to BE.
PRISM CEM--Raise SL to BE.
AVENTIS PHARM--Raise SL to BE.
NTPC--Raise SL to BE.
PETRONET LNG--Raise SL to BE.
NOIDA TOLL BRIDGE--Raise SL to BE.
UTI BANK----Raise SL to BE.
ANDHRA BANK--Raise SL to102....we are now in profit territory.
ANDHRA SUGARS--Raise SL to 137.....we are in profit territory
AMTEK AUTO--Raise SL to 207,same as above.
JAIPRAKASH ASSOC.---Raise SL to 218,we are in profit territory.
IVRCL--Raise SL to 560...also in profit territory
MAHINDRA GESCO--Raise SL to 170,same,also in profit territory
UNION BANK--Raise SL to 115...same as above
TATA TELE---Raise SL to 30.5,in profit territory
SESA GOA--Raise SL to 650,in profit territory
TISCO--Raise SL to 366,in profit territory.
BEML--Keep SL at 580.
B O RAJ--Keep SL at 52.5
GUJ NRE COKE--Keep SL at 105
POLYPLEX--Keep SL at 187
FLEXTR SOFTWARE--Keep SL at 584
Happy Trading!!
Saint
Hi Saint,
That is the pro and con of long term trading........if this trend holds up despite all its corrections,then we laughing all the way to the bank .U R right....all this time,and after so much of paper gains,we r at breakeven with the possibility of coming out with no loss or gain.....but that is part of the game.
We are in profits for quite a few......great going,friend,and keep em comin!!
Phoenix
PSlease give some short term trading calls as well.I get a lot of super calls from Amit.Would be interesting to have more.....
That is the pro and con of long term trading........if this trend holds up despite all its corrections,then we laughing all the way to the bank
.U R right....all this time,and after so much of paper gains,we r at breakeven with the possibility of coming out with no loss or gain.....but that is part of the game.We are in profits for quite a few......great going,friend,and keep em comin!!
Phoenix
PS
lease give some short term trading calls as well.I get a lot of super calls from Amit.Would be interesting to have more..... - Status
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