Fundamental picks
- Thread starter mahmeds2000
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I got a tip that, NOVA PETROCHEMICALS, will zoom to new highs. This is not based on any technical analysis, but just some (supposed to be insider) information.
Here are the two reasons making rounds:
1. Nova is going to develop a vast land reserve of its near Ahmedabad on a very prime location which is presently called as Nova Village.
2. Not confirmed but there is a news of possible buy out of this company by some major player in the core industry. few companies including IPCL are talking to the management for some time and deal can be finalized any time.
If anybody is ok to take risk, you can try to enter this.
My suggestion is, buy in small quantities.
Regards,
Narendra
Here are the two reasons making rounds:
1. Nova is going to develop a vast land reserve of its near Ahmedabad on a very prime location which is presently called as Nova Village.
2. Not confirmed but there is a news of possible buy out of this company by some major player in the core industry. few companies including IPCL are talking to the management for some time and deal can be finalized any time.
If anybody is ok to take risk, you can try to enter this.
My suggestion is, buy in small quantities.
Regards,
Narendra
Dear Ahmed
i am a new trader
Kindly advise about the following.
1. Money control.com is giving hourly gainers and lossers list every day. Can u pls suggest how it wil be helpful for day traders? is it possible to forcast the next movement with thease information?
(1) If A sharp upmove of a stock during the last trading hours, normally what it means? is it advisable to believe that the trend will follow the next day?
2. Money control.com is giving end of day buyers only / sellers only data
a. for eg: if a stock showing around 15000 bids at the end of the day with no offers. Can we assume that the demand is more and supply is less hence will lead to a good up move of the stock for next day? and vice versa for stock with sellers only?
looking for your reply
thanx & rgds
babs
i am a new trader
Kindly advise about the following.
1. Money control.com is giving hourly gainers and lossers list every day. Can u pls suggest how it wil be helpful for day traders? is it possible to forcast the next movement with thease information?
(1) If A sharp upmove of a stock during the last trading hours, normally what it means? is it advisable to believe that the trend will follow the next day?
2. Money control.com is giving end of day buyers only / sellers only data
a. for eg: if a stock showing around 15000 bids at the end of the day with no offers. Can we assume that the demand is more and supply is less hence will lead to a good up move of the stock for next day? and vice versa for stock with sellers only?
looking for your reply
thanx & rgds
babs
Hi babs,
1. I am not the day trader so can't help.
2. If the sharp move with good volume and resistance breakout is there and stock is fundamentally strong. check its past six month or one year chart if it didn't move at all in last six month so u can buy that stock.
Many time sharp move with volume and delivery shows the trend reversal.
3. i think buyers only and sellers only data can't help there might be some speculation.
Ahmed
1. I am not the day trader so can't help.
2. If the sharp move with good volume and resistance breakout is there and stock is fundamentally strong. check its past six month or one year chart if it didn't move at all in last six month so u can buy that stock.
Many time sharp move with volume and delivery shows the trend reversal.
3. i think buyers only and sellers only data can't help there might be some speculation.
Ahmed
Cheer market close above 13600. Now the advance tax figures is very important if manufacturing companies pay less advance-tax, which might again make -ve sentiment.
One sholud consider buying opportunity as long as sensex is above 12800. people can add my earlier picks which is performing well.
Ahmed
One sholud consider buying opportunity as long as sensex is above 12800. people can add my earlier picks which is performing well.
Ahmed
Hi,
klg systel, ncl ind, mcnally bharat, ks oil, energy development , india cement, vulcan engg, andhra petro, 3i infotec, ws industry can be added on some bad days in this week. 13200 can be considered as good buying opportunity.
Even one can look to add marksans pharma in range 100-103 with strict stoploss 97 for the ST targate of 120-130.
Ahmed
klg systel, ncl ind, mcnally bharat, ks oil, energy development , india cement, vulcan engg, andhra petro, 3i infotec, ws industry can be added on some bad days in this week. 13200 can be considered as good buying opportunity.
Even one can look to add marksans pharma in range 100-103 with strict stoploss 97 for the ST targate of 120-130.
Ahmed
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