New Intermed Uptrend!!

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#1
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.
 
#2
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
 
#3
Hi Saint ,
Thanks for all the info---Covering a wide range of sectors----
Unable to make any posts now-----internet connectivity problem----no telephone link for the past 4 days----Keep up all ur good works-----
A few more on thge list---Financial technologies,Himachal Futuristic,Tisco,Allahabad Bank,Balrampur Chini-------
Regards,
joy_mitali
 

AMITBE

Well-Known Member
#4
Hey Joy,
Bought Fincial Technologies at 325, on a tip!!! Woa, what a killing. Yesterday it has been put under the BE catagory, so expect it to slow down a little. Its been running up breathlessly lately. I was told to stay invested for a whole year for 2000. Imagine?!
Himachal Futuristic to me has seemed like a dirty operator scrip and there is nothing of substance in the company. I may be wrong but be careful.
Thanks saint for all the info. Will check your suggestions over the weekend.
 
#5
joy_mitali said:
Hi Saint ,
Thanks for all the info---Covering a wide range of sectors----
Unable to make any posts now-----internet connectivity problem----no telephone link for the past 4 days----Keep up all ur good works-----
A few more on thge list---Financial technologies,Himachal Futuristic,Tisco,Allahabad Bank,Balrampur Chini-------
Regards,
joy_mitali
Hi joy_mitali,
TISCO---very nice,got into it around 336 area.A weekly close over the 372 area necessary b4 we can say we are starting new uptrend but agree with you.......looking juicy!!
HIMACHAL FUTURIS--Chartwise,looks like in a new uptrend.Looking good!
FINANCIAL TECH----this may reach the stratosphere,but personally would rather wait for a pullback.Has gone up 9 days in a row....so take care.Agree with Amitbe,may go much higher.....but best to wait for a p/b.
ALLAHABAD BANK--looking good,in definite uptrend once it takes out the 91.85 previous pivot high on the weekly.Looking good!!

Thanks for these ideas.

Happy Trading!!
Saint
 
#6
hello friends
thanking for this great posting , i am a new guy in this circle and doin intra day trading , could u tell me more ab sesa goa, guj nre , ntpc and sonata soft

yours
mukesh singh
 
#7
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
 
#8
mukeshsingh said:
hello friends
thanking for this great posting , i am a new guy in this circle and doin intra day trading , could u tell me more ab sesa goa, guj nre , ntpc and sonata soft

yours
mukesh singh
Hi Mukesh,
Welcome to traderji......as per your question,if it's what the company does,who the ceo is,what the news is,etc....I apologise for I am not the right person to answer your questions.I trade the charts.....and that too I prefer the weekly/monthly ones,so my time frame is nearly that of an investor but my approch is not the "buy n hold" one.I do not know a thing about the fundamentals.....but have been profitable without them.I always respect the techno-fundamental guys,but I just can't get the fundamental part. :)

Happy trading
Saint
 
#9
ravi t said:
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,
I'll definitely have a look.......but give me till market close today.Slightly busy for now.

Happy trading!!
Saint
 
#10
saint said:
Hi Mukesh,
Welcome to traderji......as per your question,if it's what the company does,who the ceo is,what the news is,etc....I apologise for I am not the right person to answer your questions.I trade the charts.....and that too I prefer the weekly/monthly ones,so my time frame is nearly that of an investor but my approch is not the "buy n hold" one.I do not know a thing about the fundamentals.....but have been profitable without them.I always respect the techno-fundamental guys,but I just can't get the fundamental part. :)

Happy trading
Saint
Hi Saint,
Am similar to your approach as well......Arrive at trading decisions mainly from the charts,although I am trying to learn fundamentals as well.But I play the daily and hourly as well.Great post.....great calls.Thanks a lot!!
 
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