Blue Chip India/T Spiritual India/Wellworth overseas/Krishan lifestyle
BLUE CHIP INDIA is an interesting chip and required some attention here. From a peak of 10 in the month of june it has fallen continusly to it's present levels of around 4.5. Seems it is a victim of continuous Bear beating.
but from the last few sessions bulls has started to fight back..the stock has tried to turn around and gained some height.the volume build up is also impressive. now the indictors are in buy region and an entry can be planned if the movment goes on like this for some more sessions. in the immediated past it has tried to do the same but was not successful. the stock has some stiff resistance at 5.5 levels. further the stock has very high liquidity as more than 80% of shares are in the hands outside the promoters. it will be hard for the company to declare any divident as it has very meagre profits, but it still has good reserves to plan good for the future. it seems difficult to calculate Sell target right now but a Buy can be planned if the stock successfully crosses 5.00 with a S/L of 4.50. start tracking!!!!
T SPIRITUAL INDIA has just crossed it's resistance of 3.25.But whether it can sustain upthere is doubtful. the indicators are not in favour of any entry. Volume shows that, may be people have less of confidence at present. also to add up the problems the profits are continously declining. the moral of the story????? just keep away for now!!!
WELLWORTH OVERSEAS has lot of splits in the past makes it's charts quite confusing. No solid reason at the moment for the sudden spurt seen. a book closure at the end of sepetember might be the reason. but then again there is not enough fundamental grounds to give it any special consideration.!!!!restrain yourself from such stocks!!!!
KRISHAN LIFESTYLES is continously rising butwhy?? the company is in red all through out but the scrip is rising??? I personally keep away from such counters????
regards
RAVI T
(its your money invest it intelligently)
