Technical trades-Q&A

[Saint]

Re: Ispat Inds weekly looking good

Nice weekly close at 20.3....Nice!

 

[keenes]

Re: Ispat Inds weekly looking good

the upmove continues with close above 21 .. Can anybody suggest next resistance levels ?
thank you.

 

[Saint]

Re: Ispat Inds weekly looking good

Saweeeeeet Ispat.....From point of entry,up 123%,nice!!

 

[Saint]

Glenmark Pharma-Asc.Triangle Breakout!

Glenmark Pharma forming an ascending triangle on the daily and getting ready for a breakout.....looking good

 

[Traderji]

Re: Glenmark Pharma

Glenmark Pharma forming an ascending triangle on the daily and getting ready for a breakout.....looking good

Good call Saint,

Yes we need to see a close above 555.00-560.00 before we can go long.

Also what are your target levels for this stock once it breaks out?

 

[Saint]

Re: Glenmark Pharma

Traderji,

Never usually have targets ,only stops before I put in the trade......once it breaks out ,I'll enter another 1/2(already in 1/2 yesterday).My stop is at 504......Am looking for the 700 area before taking any profits.Meanwhile am just going to trail stop it.

Saint

 

[TATrader]

Re: Glenmark Pharma

Saint,

You can calculate the initial target by adding the midway height of the triangle to the level of the breakout (out of the triangle).

 

[Saint]

Re: Glenmark Pharma

TATrader,

Thanx a lot....I think that works out to about 635 area.

Saint

 

[TATrader]

Re: Glenmark Pharma

Whoa the stock has broken UPWARDS!!! BUY, BUY!

Its UP 3.79% (Rs. 20.75) at 567.00.

Good one Saint!

keep it up!!!

 

[Saint]

Andhra Bank

Andhra Bank looking ready to start another uptrend after nearly 5 weeks in consolidation.....breakout with high vol and a daily bar ending over 104.5 is confirmation.At present,a wait-n-watch(except for the more aggressive uns)!