Doubt Relief !!

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karthikmarar

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Agilent said:
Dear Karthik/ Amitbe
Thanks for your perspective. I agrre that you all are doing a fab job on this forum

But my problem remains unresolved... pl help me... I have got stuck in Mysore Cements (avg 35, now its 26) and face a terrible dilemma... whether to average or to exit.

The answer lies obviously in the co's ability to turn around on the back of rising cement prices.... can either of you (or any other reader) please throw some light. I would be prepared to pay for such analysis .. I am sure this is perfectly a genuine commercial transaction and will not be questioned on commercial/tax/ethical/any other grounds.

Please, please help me...
AGILENT
Dear Agilent

I can understand your Agony. The price hike was on November 3rd and the share started to move up after that. It failed to takeout the resistance at 30 and now moving downwards. That means the price hike is already factored in and forgotten by the market.
Also look at the half-year results, 45 Cr. Loss. The last whole year loss was only 35 Cr. This price hike is not going to pull the company out of the red.

I dont recommend averaging. You may simply wait for this to recover. But the wait is going to be a long one. The other way out is to sell on rallies with minimal loss. I agree it will be painful. You are the best judge of your situation. Take the course, which suits you.

By the way about payingwe do it free on this forum

regards
 
karthikmarar said:
Dear Agilent

I can understand your Agony. The price hike was on November 3rd and the share started to move up after that. It failed to takeout the resistance at 30 and now moving downwards. That means the price hike is already factored in and forgotten by the market.
Also look at the half-year results, 45 Cr. Loss. The last whole year loss was only 35 Cr. This price hike is not going to pull the company out of the red.

I dont recommend averaging. You may simply wait for this to recover. But the wait is going to be a long one. The other way out is to sell on rallies with minimal loss. I agree it will be painful. You are the best judge of your situation. Take the course, which suits you.

By the way about payingwe do it free on this forum



regards
Thanks Karthik, but unfortunately the co's (Mysore Cemet's) current performance trends (and outlook ) still remain mysterious to me ... I mean how can the losses grow so steeply when most other cement cos are minting money..

With your permission (and with no disrespect to your own analytical prowess) , may I throw open this 'riddle' to other members , some of whom may perchance have 'inside' info on Indian cement cos' working, and specially Mysore Cements

People ... please help me solve this puzzle : WHY IS MYSORE CEMENTS FAST LOSING MONEY>>> EVEN IN SUCH PROSPEROUS TIMES ???

I shall forever be grateful to anyone who can enlighten me . MAny thanks in anticipation !!
Agilent
 
Thanks a ton Karthik for your opinion on M&M and TISCO.

In this bull run I have done what needs to be done.. SELL !! To consolidate I must use the funds available on good picks.. I would appreciate if you could give your judgement on following scrips and wether they are undervalued and would appreciate in next one year :

1. TATA TELESERVICES
2. AVAYA GLOBLE
3. VSNL
4. TATA CHEMICALS

Besides I would also appreciate if you could give your own list of good picks for long term at this time of bull run.

Best regards
 

karthikmarar

Well-Known Member
Dear Harmads

Yes, I will check about these ones. Long term picks need some detailed research. I will do it over the weekend. Short term picks seems much easier to do :)

Regards

Karthik
 

karthikmarar

Well-Known Member
karthikmarar said:
Hello Prakash, Joshi

Here is my take on Hexaware Technologies

........

Overall it is a very good company. But has not found the fancy of the market players. The stock has been languishing in the region of 100-115.
On studying the chart we can notice an interesting aspect. The ADX line has been lying low well below both the DI+ and DI- line for quite some time. The ADX values have been below 10 for the quite sometime. That would mean that there has been consolidation going on and the bulls and bears have been fighting it out, which is evident from the +DI and -DI lines. All these would indicate that the stage is being set for a breakout. The bulls and bears have been battling it out and one of them would eventually win. The victory is often results in a major move. One such move was in Arvind mills which I has explained in a earlier post of mine. I feel that stage is set for Hexaware for major move. Normally the breakout is indicated by a sudden rise of the ADX line by 3- 4 points. Whichever line on top would be the winner. So it is a wait and watch situation. I strongly feel that considering the good results the breakout will be bullish.
This has a strong support at 99. On the upper side the first obstacle is at 106 then 110. Today the +DI is above DI. My favorite Indicator TRIX is also turning. Rsi is also rising. So we wait for a bullish breakout.So in a nutshell for Hexaware we can anticipate a breakout. It could be in either direction. But all indicators couples with Fundamental give a much better chance for a Bullish breakout. Put a strict stoploss at 95 for the down side.
Views on Geometric and Dlink Later

regards

karthik


So Hexaware finally did it....:)
 

AMITBE

Well-Known Member
karthikmarar said:
So Hexaware finally did it....:)
Great move there Karthik...ADX very well explained. Yes the move would be pretty explosive following that kind of keeping low. Check what happened to Godrej Inds. recently.
Keep it up Karthik!
 

AMITBE

Well-Known Member
karthikmarar said:
Karuna

BILT has been making nice ascending triangles. The toptrend line is at 111. It may breakout soon. So wait for it to breakout out of 111 with good volume. I am enclosing the chart for a quick decko..

regards

Karthik
Very good analysis Karthik...nice breakout today with surging volume.
Should it hold above 113, we'll see 116-120 first pretty soon. 123 is possible too.
Keep it up.
 
karthikmarar said:
So Hexaware finally did it....:)
Yes indeed Karthik, After I read your analysis, I added more Hexaware shares (50 shares @102) to my portfolio and I am thankful for your analysis on the stock.

The volumes has been buzzing on this counter..with over a million shares traded for 3-4 consecutive days!

Best Regards,
Kool
 

karthikmarar

Well-Known Member
AMITBE said:
Great move there Karthik...ADX very well explained. Yes the move would be pretty explosive following that kind of keeping low. Check what happened to Godrej Inds. recently.
Keep it up Karthik!
Thanks Amit. It is a great breakout in Godrej Industries...150 points up in just 5 sessions. real cool one... I call the low ADX ones the "sleeping Lions"... :)

regards

Karthik
 

karthikmarar

Well-Known Member
AMITBE said:
Very good analysis Karthik...nice breakout today with surging volume.
Should it hold above 113, we'll see 116-120 first pretty soon. 123 is possible too.
Keep it up.
Amit

Thanx. Let us this one keeps above 113.

regards

Karthik
 
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