New Intermed Uptrend!!

[Saint]

Re: Gokuldas Exports

If you are already in then it is worth holding. Good company with growth and a beneficiary of the removal of garment quota restriction. This is also undertaking capacity expansion. Good investment for the long term. Also the short term is bullish. Half yearly results are also good. If not in already put under watch list.

Technical outlook
The short term outlook is bullish. The stock is above both its 13 and 39 ma. But the uptrend has not gained strength. The CMP is 562.750. It will face stiff resistance zone between around 565 to 570. It has to cross 575 with good volume support to have an uptrend of any consequence. Worth putting in the watch list. The steep upward movement is a cause of worry with a possibility of steep correction looming large.

Fundamental outlook
The company has reported first-half profit after tax (PAT) of Rs 30.12 crore, recording 22 per cent growth over the corresponding previous period. Total revenue was Rs 427.44 crore, a growth of 15.%. The company witnessed good growth in business after removal of quota restrictions. The expected growth is about 15-20 per cent in sales for the full year compared to the previous year. The company has already commissioned a unit near Bangalore and work is in progress for a unit in chennai export zone.

Hi Karthik,

Nice analysis,my friend......Great stuff!

Sankoorikal,.........looks like you are in this one already.Looking good.....no reason to sell it.Just keep raising your stop losses to the previous pivot low on the weekly chart(if you are in this the intermed to long term).Therefore,CMP would be 600.85.Stop loss would be at 552.........ride the trend,and enjoy the ride!

Saint

 

[Saint]

Re: Jet Airways

Is Jet Airways worth buying it at the current price of 1225?

Thanks in advance,
Bhuwan.

Hi Bhuwan,

JET AIRWAYS:Now at strong resistance.......let's wait and watch on this one.Few scenarios can happen....
Scenario 1:The stock now at strong resistance pulls back and forms a higher pivot low.Buy then with a tight stop loss.

Scenario 2:It blasts through this resistance.Buy a small portion over 1285 and add the rest over 1350.

Scenario 3 :It falls from here,and takes out the previous pivot low of 973,thus making it lower highs and lows.Then,forget abt getting into this one.Would be in tight bear grip to really waste time and energy and money.

In short, a wait and watch for now until something concrete happens.

Happy Trading!
Saint

 

[sankoorikal]

Re: Gokuldas Exports

Dear Mr Saint

Thanks for your moral support to hold on to the share "Gokuldas Exports" .

 

[Saint]

Re: Gokuldas Exports

Dear Mr Saint

Thanks for your moral support to hold on to the share "Gokuldas Exports" .

Hi Sankoorikal,

Just Saint is fine.......no formalities here.Just a group of friends all helpng each other out.

All the best!
Saint

 

[ssnkumar]

Hello Saint,

Tomorrow is the closing day of ICICI FPO.
Can you please let me know your views on this?

Regards,
Narendra

 

[bhuwanpatel]

Re: Jet Airways

Thanks a lot Saint... I appreciate your suggestion...

Bhuwan

 

[Saint]

Re: Jet Airways

Thanks a lot Saint... I appreciate your suggestion...

Bhuwan

Most welcome,my friend.

Saint

 

[Saint]

Hi Narendra,

Your query was answered by Karthik in his thread...........and am in agreement with him.Below is his post.

All the best

Saint

Narendra

In my opinion ICICI FPO is good if you are thinking of long term holding... at least a year. ICICI is a strong bank. second largest in india. They are focussin on the retail sector which has been quite beneficial to them. It is definitely a growth story. A definite long term play.

Considering the 5% discount for retail investors the price band would be 480-518. The cmp is 544. There are good chances the price may drop as soon the new shares are listed becasue of profit booking. If you are thinking of short term may be it is not worth it. Yes for long term the FPO is worth.
This is just my opinion.

regards

Karthik

 

[ssnkumar]

Hi Narendra,

Your query was answered by Karthik in his thread...........and am in agreement with him.Below is his post.

All the best

Saint

Thanks Saint.
Yes, I saw Karthik's message.
Actually I hadn't yet read his message when I wrote to you.
Anyway, thanks to you and Karthik.

Regards,
Narendra

 

[Saint]

Thanks Saint.
Yes, I saw Karthik's message.
Actually I hadn't yet read his message when I wrote to you.
Anyway, thanks to you and Karthik.

Regards,
Narendra

most welcome,my friend

Saint