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New Intermed Uptrend!!

Discuss New Intermed Uptrend!! at the Position Trading within the Traderji.com; ABB now up 18% from point of entry......hope some of my more silent friends benefitted ...


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  #11  
Old 11th July 2005, 12:34 PM
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Thumbs up Re: Abb

ABB now up 18% from point of entry......hope some of my more silent friends benefitted from it.


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  #12  
Old 11th July 2005, 01:26 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by pmathew
This is really interesting and informative. Will you please give me more insight on interpreting pivot. I only know the basics and want to learn more.

Regards

pmathew
Hi pmathew,

Your desire to learn is most appreciated.....I am not sure if I can explain it without drawing a chart,but to put it simply,in a weekly chart,if a stock takes out the previous week's high,we say that it is making ahigher high .If it takes out the previous week's low,we say it's making a lower low .
A series of higher highs and then the stock turns downwards to produce a series of lower lows,we say that the stock has formed a pivot at the top.Then when the stock continues its upward journey forming higher highs and producing apivot that is lower than the previous pivot,we say that the stock is making alower pivot high .
Taking out the pivot high is a continuation of the upward trend.Taking out the pivot low is a continuation of the downward trend.Making a lower pivot high smacks of a possibility in a change of trend.
How do we know for sure?We never do,my friend,for nothing is sure in life and the markets.Therefore we have a Trading Plan,Risk n Money Management and stop losses.

Educate yourself.....and Happy Trading!!

Saint
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  #13  
Old 11th July 2005, 01:34 PM
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Smile Re: New Intermed Uptrend!!

Thank you sir for your reply.

Regards

Pmathew
  #14  
Old 11th July 2005, 01:42 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by ravi t
dear Saint
Thanks for posting a long list of good shares that are about to move in uptrends. i am new to this forum and wish to know your views on the following: Alka India, Maars Software, Varun Shipping, FDC india limited and Marson.
Please advice me about the proper entry point and the target which i should opt for these shares. further i will be highly obliged if you let me know the reason if you recommend any of these shares.
Thanks and REgards
Hi Ravi,
Frankly speaking,all except FDC,are not my type of stock that I would get into.Marson and Alka are below theRS 15 mark.....I stay way clear of those.FDC LTD is looking good,now making a higher pivot low....to confirm,better to wait for the 48 mark with a stop loss of 41.Share size as per your money mangement rules.

Happy Trading!
Saint
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  #15  
Old 11th July 2005, 09:45 PM
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Default Re: New Intermed Uptrend!!

Quote:
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.
Hi everyone,
Other than TISCO and the above,few more are making higher pivot lows on the weekly.....keep an eye on them :
BANK OF RAJASTHAN
PNB
STERLITE INDS
PRISM CEM--neat pullback on the monthly,matter of time for an up move!

Happy Trading
Saint
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  #16  
Old 12th July 2005, 11:16 AM
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Cool Re: New Intermed Uptrend!!

Quote:
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.
Hi Saint,
Great calls,man........took quite a few of them,already up quite a bit.Up Guj nre about 6%,up IVRCL 5%,up Jaiprakash Assos. 10%,up UTI bank 10%(took it from a post of yours from another thread).
Thanks a lot!!!!!

Phoenix
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  #17  
Old 12th July 2005, 11:29 AM
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Default Re: New Intermed Uptrend!!

Hi Saint,

Thanks for the tips. I checked some of them and came out with these observations. Kindly send your feedback.

1.ABB- The RSI and Stochastic oscillators show a strong overbought signal. But weekly candlestick chart show that bulls are still in control. Might cross 1550 tomorrow.
2. BEML - on daily charts-MACD showing a positive divergence going positive. Nice pick up in volumes in July after the fall from 1st June. The bears came out big winners today after pushing the price from a high of 677 all the way to 650 signalling an increase in selling pressure. Weekly candlestick show a plausible bearish reversal of trend over the next week. Its still an attractive buy at 650 (P/E of 13 and 140% increase QoQ, 614% YoY) on strong fundamentals.
3.SESA GOA - After a strong uptrend last few days, today the bears seem to come out strongly on bulls. A strong rally finally won by the bears. Look for possible alert tomorrow. (BTW, China's recent increase in iron demand by 25% has will push the quarter sales up significantly). Weekly candlestick is in a doji or spinning top pattern in haramai position - a potential bearish reversal.
4.Guj NRE Coke - Breakout on 125 resistance on daily chart. Bulls coming out in good volumes this week (1.2 million today) as winners, after a good fight with bears yesterday which ended in bears winning marginally (it was a doji yesterday after the bears rule on the day before). There is some selling pressure the bulls will have to withstand tomorrow for a bullish outbreak. Weekly charts show bullish reversal.

Thanks
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  #18  
Old 12th July 2005, 11:42 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by saint
Hi everyone,
Other than TISCO and the above,few more are making higher pivot lows on the weekly.....keep an eye on them :
BANK OF RAJASTHAN
PNB
STERLITE INDS
PRISM CEM--neat pullback on the monthly,matter of time for an up move!

Happy Trading
Saint
Hello Saint and also other experts,

I have been visiting this website and reading your posts for quite sometime.
Your tips are very helpful and I have consider few of them for my investment.

But, I want to know about two more stocks which I invested sometime back.
1. Hindustan Petroleum (bought at Rs. 345)
2. Eicher Limited. (bought at Rs. 154)
Both have hit lows after that. Even the volumes have come down drastically for Eicher.
So, I want to know your recommendation on this.

Please do advice.

Regards,
Narendra
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  #19  
Old 12th July 2005, 12:35 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by ssnkumar
Hello Saint and also other experts,

I have been visiting this website and reading your posts for quite sometime.
Your tips are very helpful and I have consider few of them for my investment.

But, I want to know about two more stocks which I invested sometime back.
1. Hindustan Petroleum (bought at Rs. 345)
2. Eicher Limited. (bought at Rs. 154)
Both have hit lows after that. Even the volumes have come down drastically for Eicher.
So, I want to know your recommendation on this.

Please do advice.

Regards,
Narendra
Hi Narendra,
Just for a mini clarification first.Am just a normal person who has been doing this for some time,not an expert.Had invested a lot of time and energy in educating myself.....many times stupidly reinvented the wheel when there were many books with a lot of experience that could've cut the time n energy spent by a third.In fact,I would go so far as to say that unlike in other fields,there's no expert in this one.....the day you think you are an expert,the market finds ways to humble you,and break you in two.
From what little I know.......
Hind Petroleum:At present still in sideways mode,could go down further...well could go up as well.Buying it at 345 was more a gamble than a trade.Personally,would not buy if not in......if already in,I would sell and put it in a hundred other places where I can make some money.In hoping and praying for it to come back to breakeven,precious time is lost to get into another beauty play.
Eicher Ltd:The stop loss here should have been about 142.We take plays to get a profit,but a stop loss is important if the stock turns and goes the other way.......we then can accepta small loss and put the money at work somewhere else.In your case,Eicher has come down 6wks in arow,try to sell it off at the next rally....if it plunges further,get out by 121,and put your money to work somewhere else,and get back your losses.At least that's what I would do.

Happy Trading
Saint
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  #20  
Old 12th July 2005, 04:25 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by saint
Hi Narendra,
Just for a mini clarification first.Am just a normal person who has been doing this for some time,not an expert.Had invested a lot of time and energy in educating myself.....many times stupidly reinvented the wheel when there were many books with a lot of experience that could've cut the time n energy spent by a third.In fact,I would go so far as to say that unlike in other fields,there's no expert in this one.....the day you think you are an expert,the market finds ways to humble you,and break you in two.
From what little I know.......
Hind Petroleum:At present still in sideways mode,could go down further...well could go up as well.Buying it at 345 was more a gamble than a trade.Personally,would not buy if not in......if already in,I would sell and put it in a hundred other places where I can make some money.In hoping and praying for it to come back to breakeven,precious time is lost to get into another beauty play.
Eicher Ltd:The stop loss here should have been about 142.We take plays to get a profit,but a stop loss is important if the stock turns and goes the other way.......we then can accepta small loss and put the money at work somewhere else.In your case,Eicher has come down 6wks in arow,try to sell it off at the next rally....if it plunges further,get out by 121,and put your money to work somewhere else,and get back your losses.At least that's what I would do.

Happy Trading
Saint

Thanks a lot for the valuable tips Saint.

-Narendra

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