Queries on BUY IN/ SELL OUT targets of your stocks

[Ashwani Bhatia]

Dear friends.
Ispat Industries Ltd. has informed the Exchange that the Register of Members of the Company will remain closed from September 15, 2005 to September 26, 2005 (both days inclusive) for the purpose of AGM of the Company to be held on September 27, 2005.
17-08-2005 Clarification of News : The press had reports on August 16, 2005 that a unit of Ispat Industries Limited, 'Global Steel Holdings Limited', has taken over Bulgaria's largest steel mill, Kremikovtzi. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Ispat Industries Limited has vide its letter inter-alia stated, "We wish to inform you that M/s Global Steel Holdings Limited is not a unit of our Company and our Company has not entered into any deal, whatsoever, for taking over any Steel Mill in Bulgaria".
Similar clarification was made by Tata Teleservices regarding the Korean deal.
So invest carefully.
Ispat I think has yet to announce its results. Please update

Ashwani

 

[ravi t]

Baffin Eng(exit Time)

Hi ravi thanx for the detailed answer to vishal exports.
I am holding baffin @ 3.05. NOW IT IS NEAR 4.00. Though it was evaluated earlier i wan tot know its movement with respect to its AGM which i have heard is in Septemebr end. Another rumour is that Reliance is going to buy it. Please see to it if u have any information. Another pick suggested by creeame was bhandari hos now near 12. He has suggetsed its target 18. Please also throw some light on it
Regards


Ashwani

Dea Ashwani
Rumors are always rumours. Neither can we trust them nor can we deny them. We as a small investors had no means to know whether these rumors have any substance in them or not.there is this human desire to always get maximum from minimum. Human Psyche is such that it always believes something which has all the possiblity to go wrong.
Technically Baffin seems a good candidate to square off here and close the shop. what far I can make out is that the selling pressur is mounting by each passing session.Now I may be wrong but it's always be safe to exit when your portfolio is showing profits.It do may reach the second target of 5.75 but seeing the present trend it seems a little difficult. better to exit at the earlier target (B/W 4.0-4.15),book some profit and let the momentum build up again for a future entry....
regards
RAVI T

 

[ravi t]

Tv Today

TV TODAY has posted a profit which was less than last year but still respectable in this time of stiff competition of media boom. the scrip has good EPS to support it's growth and maintain the interest of the investors.
The scrip was constantly falling in the past for some unknow reason. but a couple of months back started to turn around which warrent a close look on it.at present quoted around 105-108 it is in a reall consolidation phase. the stiff resistance is around 115 level which it tried to cross in immediated last session with good volume..just a little bit of correction might be needed here to give the much wanted thrust to jump ahead of this barrier. I forsee a strong buy B/W117-120 region if it continue to test higher highs and sustains that region. on the controray if bears decide to strike hard a buy is somewher around 95-98 for some quick harvest.....
regards
RAVI T

 

[natkarthik]

Hi Ravi,

I have entered ORCHID Chem today 100 @ 380. You have mentioned that the target is 500. Can you please tell me the period?

 

[samkul]

Re: Dena Bank

dear Sameer
DENA BANK is seems to be correctiing for a long time now. you have holding at 30 which too me appears a fair price for just a break even bargain. the daily charts had toped out and returning for a correction.
the resistance at 32.5 is difficult to break. but if crossd can take the scrip to 34.5 but i have a feeling it is not going above and beyond that.thus inthe present condition it's best to set a target of resistance level of 32.5 and exit when you are still in green. the scrip is falling for a long time correction and the fall from 32 seems to take it to somewhere around 24-25 range....
i hope these calculations might be of some help to you.
regards
RAVI T

Hi Ravi,
Thanks for the Help.
But at present the DENA BANK is running at 35.75(Todays Close). Will it go high or should i book the profit.
Please advise, and also on [email protected] & HEXAWARE TECH@105.

Sameer

 

[ravi t]

Re: Baffin Eng(exit Time)

one more scrip which come into my notice is Baffin Eng which closed today at3.09 with a volume 6 lakh. now it is again a turn around candidate and seems heading for 4.15 soon with a further high target of 5.75. so the update list for today
22/july/2005 17.00 hrs
Stock ; Entry (today close); Possible exit Target ; Date of recomd
1.WELSPUN SYNTAX; 11.45(11.03); 13.30/16.25; 20 july 2005
2. ISPAT INDUSTRIES; 20.25(21.00); 23.25/25.50; 20 july2005
3. VARUN SHIPPING; 43.85(43.15); 55.00 ; 20 july 2005
4. ZENITH COMPUTERS; 31.50(32.10); 43.00 ; 21 july 2005 (t'day low 31.60)
5. BAFFIN ENG ; 3.00(3.09) ; 4.15/5.75 ; 22 july 2005

Seniors please comment and please correct the data if you don't agree and give your observations....
Regards to all

Dear Ashwani
Rumors are always rumours. Neither can we trust them nor can we deny them. We as a small investors had no means to know whether these rumors have any substance in them or not.there is this human desire to always get maximum from minimum. Human Psyche is such that it always believes something which has all the possiblity to go wrong.
Technically Baffin seems a good candidate to square off here and close the shop. what far I can make out is that the selling pressur is mounting by each passing session.Now I may be wrong but it's always be safe to exit when your portfolio is showing profits.It do may reach the second target of 5.75 but seeing the present trend it seems a little difficult. better to exit at the earlier target (B/W 4.0-4.15),book some profit and let the momentum build up again for a future entry....
regards
RAVI T

Baffin is seems to cross its 1st target in 1month with safe volume. Seems to be heading for its second target Which to me appears doubtful at present. One who are still holding might keep on doing so or best way is liquidate some of theIR positions for a reentry at a lower level.
Regards
RAVI T

 

[ravi t]

Vishal Exp

Dear Saint
It is always a pleasure to have an honorary observation/viewpoint from such a senior and experienced member like you. It really gives us a chance to learn those few things which make all the difference between an ignorant investor and a smart trader. Please always come back here once in a while to enlighten us with your knowledge....
Encouraged by your comment on VISHAL EXP, I did some research myself on this scrip. Fundamentally the company is doing really well. As posted on BSE the net sales for the apr-june quarter is 8698.29 million and a net profit of 121.56 million on an equity capital of 120 million. The AGM held on July 25 approved a handsome dividend of 40% and a bonus of 2 shares for every 1 share held. Probably this might be the reason why this stock freezed consequently for two days on 1 and 2 august. So far so good but there is one caveat which is somewhat troublesome. More than 71% of shares are with promoters and out of the remaining only 13.75% are with the Indian public. Now from last few trading sessions the price are falling continuously (after two freezes on 1 and 2 aug).now does this price fall is because of offloading by the promoters some other reason is difficult to find out at the moment but important thing which cannot be missed here is that this stock is one of the volume toppers at the same time when sensex is rising. So where does this high volume (read it interest) came from FII, general public or just promoters, it is a wild guess at the moment. thus on fundamental grounds buoyed by good results, dividend, bonus issue and high interest in the stock, it seems to me that it is BUY for VISHAL EXP at the moment.
Technically on daily charts the price is falling but again the indicators have not shown any clear sign of sell. %R, stochastic, OBV, RSI are certainly not showing sell if not buy. I am sure you will agree that the stock has a support at 20.50(almost near to its current price) so there is a strong possibility of bounce back from this level. On weekly charts again the indicators are not showing clear sell. Seems the stock has been accumulated for long and looking for some breakout in the upside. Thus technically again I feel it is a BUY for vishal exp from current levels.
Thus overall to me there is green signal of BUY for vishal at the moment.
Sorry Saint!!!! But i somewhat disagree with you over here. But then again I might be overlooking some important point which only an expert eye like yours can pick out. So I will eagerly wait for your critical review of my observation!!!!!!
Regards
RAVI T

any prophecy regarding Vishal expo is quite risky... seems lot of people have stake in it.. the scrip goes for bonus on RD on 26 august. the Exbonus date is 24th August. that leaves us with two days 22 and 23 to decide for our action.first and formost if not already in then play it very safe and forget it.crucial question is if already entered then what to do????
the biggest problem is it is reallyhard to fix entry and exit in a situation like this when the comapny is near it's RD and promotors are ofloadng. there is all the chances that you can always go wrong but somehow i manage to do some of my calculations on my own. the indicators are currently in total sell mode.so if one sells now(when entered at some lower point) he is totally happy to book atleast some profit. the charts indicate that the scrip is finding it very difficult to cross 23.95 mark..Whenever it tried crossing it, it was pushed back.so we have to take 23.95 as our signal point. it also appeared to me that there is lot of volume build up at this level.seems lot of people are still in the hope that the scrip is going to perform or may be they are interedsted in the divident.on Monday if the stock successfully cross this 'signal point' with a volume roughly above 6.5 lakh it might be safe to go for the bonus.if it don't cross signal point then it will be better to sell off and go home happpily.if it rise but with volume b/w 4-5 lakh there are lot of chances that someone is ling the thread with not good intentions. so in that case it's again better to square off on tuesday.
once the scrip goes into bonus there is always a chance for some sudden price spurt and then the stock settlles down to some reall valuation.thus the decision totally depends on you whether to get it bonus or sell on monday and tuesday..Please be reminded that in doing above calculations i have to assume various things..and assumptions can always go wrong in real life!!!!!
I know the above comments are very contradictory but unfortunatly this is the best i can suggest at the moment for this counter....
regards
RAVI T

VISHAL EXP took a high of 24.85 before settling at the signal point of 23.90 with volume less than 6 lakh..to me it would be good to square of Vishal on tuesday and not to go for bonus.
regards
RAVI T

 

[aman1973]

Hi Ravi
Any call for tommorrow
regards
aMAN

 

[ravi t]

dear Sameer
DENA BANK is seems to be correctiing for a long time now. you have holding at 30 which too me appears a fair price for just a break even bargain. the daily charts had toped out and returning for a correction.
the resistance at 32.5 is difficult to break. but if crossd can take the scrip to 34.5 but i have a feeling it is not going above and beyond that.thus inthe present condition it's best to set a target of resistance level of 32.5 and exit when you are still in green. the scrip is falling for a long time correction and the fall from 32 seems to take it to somewhere around 24-25 range....
i hope these calculations might be of some help to you.
regards
RAVI T

Dear Sameer
DENA BANK looks too hot to be handled any further.
regards
RAVI T

 

[ravi t]

Re: new entry and exit target

one more scrip which come into my notice is Baffin Eng which closed today at3.09 with a volume 6 lakh. now it is again a turn around candidate and seems heading for 4.15 soon with a further high target of 5.75. so the update list for today
22/july/2005 17.00 hrs
Stock ; Entry (today close); Possible exit Target ; Date of recomd
1.WELSPUN SYNTAX; 11.45(11.03); 13.30/16.25; 20 july 2005
2. ISPAT INDUSTRIES; 20.25(21.00); 23.25/25.50; 20 july2005
3. VARUN SHIPPING; 43.85(43.15); 55.00 ; 20 july 2005
4. ZENITH COMPUTERS; 31.50(32.10); 43.00 ; 21 july 2005 (t'day low 31.60)
5. BAFFIN ENG ; 3.00(3.09) ; 4.15/5.75 ; 22 july 2005

Seniors please comment and please correct the data if you don't agree and give your observations....
Regards to all

Dear Aman
if you wish you can try your luck in Zenith computer or Ajanta Soya.
regards
RAVI T