New Intermed Uptrend!!

Hi Bull2005,

Global Vectra : Downtrend on all time frames........meaning we stay clear.We do not look for,anticipate or predict a bottom,.......we simply wait for it to happen before we do anything.Once it gives a clear indication,then the time to jump in.......for now,do not try to catch a falling knife.

Gateway Distriparks :Yikes......same as above,my friend.Looks like a short very soon on the weekly charts,........long,no way.Look for stocks starting an uptrend,and then latch on to the trend.

All the best!
Saint

Hi Satya,

RPL is one of the few stocks that are still looking good.As far as intermediate trends go,it is still very much in an intermediate uptrend.Previous pivot lows on the weekly at 94 still intact.And the daily is in bull flag mode.Looking great actually for a continued move up.........and if that does not happen,and it reverses brutally trapping the bulls,that's great too.........Strong contender for your watchlist.

All the best!

Saint

Hi Satya,

RPL is one of the few stocks that are still looking good.As far as intermediate trends go,it is still very much in an intermediate uptrend.Previous pivot lows on the weekly at 94 still intact.And the daily is in bull flag mode.Looking great actually for a continued move up.........and if that does not happen,and it reverses brutally trapping the bulls,that's great too.........Strong contender for your watchlist.

All the best!

Saint

Hi Saint,

RPL made a strong move today. Does it make it a buy at this level @122-123 or should we wait for pullback?

Awaiting your comments.

Cheers,
Ashish.

Hi Ashish,

As Saint had said before,buy the breakout(half or a third),and then add on pullback to support and then add at new highs,my 2 cents worth(while we await Saint's return).The breakout has already happened...

Sincerely,
Dhanya