New Intermed Uptrend!!

[ramtrade]

Hi All,

There's a news on Business standard site.

IDFC may fund elevated expressway in Bangalore. Rs 765 crores project. Let me know your thoughts and opinions on balance sheet of IDFC and profits from this. Very good company managed by professionals. Almost zero NPA's.

Has been languishing in 69-72 range for long time.

Thanks
Ramesh

 

[ramtrade]

Tried to get the operation profit margins of the company for 2005...but did not find the details. If we can find, i guess we can arrive at an approximate figure abt the EPS numbers. If anyone has the data, can they share it with us?

Thanks
Ramesh

 

[moneylaundrer]

Hi Saint,

Thanx sooo much..

Great call on EVEREST KANTO....

Though i was out of city and couldnt exit the scrip on the day..will do so on monday...

Wonderful day it was on friday...

Cheers
ML

 

[cube]

Hi Saint ji,

Would like ur opinion on the following scrips.

1. Gateway Disparks.
2. Suzlon Energy.


Thanks in advance ,
Cube

 

[ragh_ash]

hi saint,
what is your call on following:
a) Syndicate bank. : Graph is trending upwards. ADX and price crossover are in uptrend. plus white candle.
b) Manglam Cement: Same again plus MACD is bullish and no divergences
regards
ragh_ash

 

[ramtrade]

Hi Balaji,

I am sorry but I do not remember recommending Orchid Chem.The ones in blue are the ones that I find as yummy and am entering myself,and sharing with everybody else.The ones that are in black are just replies to queries on the stocks that they own.

But Orchid Chem ,I do not remember even saying that I liked it........

Anyway,the scenario now on Orch Chem is this.We are bobbing our head against resistance on this one and a strong one at that.That monthly down bar in October if not negated totally is a sign of things to come.

I'd get out here,at breakeven price.Maybe this is going to take out this high and go to new highs,but greater are the odds of a fall from here.

Your call to take................all the very best!

Happy Trading!
Saint

Saint,

Just the other day i was planning to come out of Orchid Chemicals. As you said the chances of fall were more than any uptrend. But all of sudden the stock started moving up and was wondering what changed in this stock. When searched for the news on the company, found that the US FDA has given approval for a drug Cefoxitin. As per the MD of the company Orchid is the second generic company to get the FDA approval and enter the US market. This changed the outlook of the stock to positive.

 

[ramtrade]

Hi Ramtrade,

RPG LIFESC :So far so good,still up trending on all time frames.Nice.

ESCORTS :All over the place kind of stock.Am sure there's money to be made in the short term.But longer than that,lots of resistance at every level.Frankly,ugly looking.........I'd stay clear as profit making is a strenuous process in this one as compared to many others.

Happy Trading!
Saint

Thanks Saint.

 

[ramtrade]

Hi Ramesh,

Manappuram Gen Fin :Of the low volumes variety.But if fine with that ,charts looking great actually.Interesting to see how this finishes off today.A finish over 28.5 and therefore taking out its previous pivot high on the weekly charts makes it a nice buy on Monday.........if aggressive,buy a portion here and add over this week's high on Monday or any day when that happens.Stop=24.2,1st tgt=40.

Happy Trading!
Saint

Thanks for the inputs Saint.

 

[cube]

Hi Saint ji,
Waiting for the reply of this .......

Hi Saint ji,

Would like ur opinion on the following scrips.

1. Gateway Disparks.
2. Suzlon Energy.


Thanks in advance ,
Cube

 

[Saint]

Saint,

Just the other day i was planning to come out of Orchid Chemicals. As you said the chances of fall were more than any uptrend. But all of sudden the stock started moving up and was wondering what changed in this stock. When searched for the news on the company, found that the US FDA has given approval for a drug Cefoxitin. As per the MD of the company Orchid is the second generic company to get the FDA approval and enter the US market. This changed the outlook of the stock to positive.

Agreed,my friend........with every passing day as this one makes new highs and that ugly down bar on the montly gets negated,things are looking more and more positive.And yet, am not too comfortable with the way the pattern looks.Still looks like too much supply to overcome before we have a move up.

Either way,if in,make sure you have stops in place.

All the best!
Saint