Fundamental picks

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mr. mahmeds2000
please tell what will be the target and target period for south asian petrochem.
what quantity to buy. whether is a fundamentally strong stock for long period.
 
south asian petro 17.35-17.45 is lookin Extremely Overbought ....but one cannot ruled out the possiblity of a breakout....hope the nearest target will be around Rs.24.15.
 
Dear friend how u told SAPL Over bought. It's technically trending up. The implsive wave is going on this counter.Next two or three days it'll occur small corrective wave then it'll go uptrend. Why you said like this. May I know your idea.
Why you said Extremely Overbought this Book Value is 14.42 Market Value is 17.90 greater then book value so you calculate over bought. Please tell your suggestion friend am beginner.
 

rkkarnani

Well-Known Member
Dear friend how u told SAPL Over bought. It's technically trending up. The implsive wave is going on this counter.Next two or three days it'll occur small corrective wave then it'll go uptrend. Why you said like this. May I know your idea.
Why you said Extremely Overbought this Book Value is 14.42 Market Value is 17.90 greater then book value so you calculate over bought. Please tell your suggestion friend am beginner.
Overbought or oversold are not reflected in a balance sheet. They hv nothing to do with the fundamentals.
These are terms used by Technical Analysts who study charts.
 
Dear friend how u told SAPL Over bought. It's technically trending up. The implsive wave is going on this counter.Next two or three days it'll occur small corrective wave then it'll go uptrend. Why you said like this. May I know your idea.
Why you said Extremely Overbought this Book Value is 14.42 Market Value is 17.90 greater then book value so you calculate over bought. Please tell your suggestion friend am beginner.
I also would like to know ur method for calculating overbought.

Ahmed
 
I am doing some reasearch on Aplab and pochi raju. Invester having knowlege please share it. I think both the script is good buy at current level.
I advice to buy small quantity now and rest after breakout.

Ahmed
 
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