Queries on BUY IN/ SELL OUT targets of your stocks

[Saint]

Re: 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

Hi Ravi,
Agree with you,my friend.....there's a support somewhere around here at the 20 area.Will it bounce from here?Maybe.Can it resume its uptrend?Possibly.But,for me,this pullback is bit over done.....being a trend player,the break in uptrend ,and I am out.My money goes into some other play where patterns look great.

Good to know that fundamentals are rocking......once this signals to me an uptrend,I will be all over this one.For now,there's just too many better ones out there.

Wishing you all the very best!!
Happy Trading
Saint

 

[doobyanil]

Hello Ravi,
Could you please let me know the outlook for Ultratech Cemco Ltd.
Your help is much appreciated.
anil

 

[kodange]

Dear Ravi & Saint,

Sharing an interesting piece of news:-

Vishal Exports Overseas Limited has informed that Smt. Sonal D Mehta, shareholder of the Company has sold 25,50,000 equity shares aggregating to 2.125% of the share capital of the Company, the details of which are as follows: (i) sale of 450,000 shares on June 29, 2005; (ii) sale of 450,000 shares on June 30, 2005; (iii) sale of 450,000 shares on July 05, 2005; (iv) sale of 450,000 shares on July 13, 2005; (v) sale of 450,000 shares on July 18, 2005; (vi) sale of 300,000 shares on July 22, 2005. The shareholding of Smt. Sonal D Mehta after the said sale is 47,51,335 shares aggregating to 3.96% of the share capital of Vishal Exports Overseas Limited.
source : Asian Cerc
looks like the promotors have offloaded /are offloading the shares!

 

[neeraj4u]

thanx Ravi and Saint for providing your valuable guidance.
I had bought the stock at 20.25 and now i am keeping a stop loss of 19.00.

rgds
neeraj

 

[roneeth]

Hello Ravi!

What is your view regarding Indian Acrylic?? If time permits could you please go through this scrip.....

Thanks..... appreciate your efforts in maintaing this thread.

Happy Investing

Roneeth

 

[sujarouf]

Hi neeraj,
I know the question is directed for Ravi.......but looking at the charts,couldn't help but give my add on this stock.

VISHAL EXPORTS broke its trendline when it fell below the 24 area.....at present it is still in a downtrend,the weekly looks ugly for continued fall........careful,my friend!!It is now at 20 and sitting at its previous pivot low and threatening to take that out as well.Once again,caution best advised....!

All the best!
Saint

Hi Saint

Your analysis is absolutely correct. The big players are playing this scrip. The reason is Bonus issue of 2 shares for every 1 held as on record date 25/08/05. These big players want to take advantage of this bonus issue and also the company has decalred div 40% same record date. Best thing is to hold this stock and sell after bonus issue.

Best wishes

Suja

 

[akvbhaskar]

would you please tell the fate of hexaware,ceat,bhusan steel and bag films

 

[ravi t]

Ultratech Cement

Hello Ravi,
Could you please let me know the outlook for Ultratech Cemco Ltd.
Your help is much appreciated.
anil

dear doobyanil
ultratech cement is currently at 388.05. the bad news of scanty rainfall is over. and the company is bouncing on good results posted this quarter/year. moreso the declaration of the dividend and a book closure from august 13 to august 24 is very tempting indeed. technically the scrip is somewhat correcting on daily charts. but on weekly charts it looks good to hold on for some more time. exit seems atleast above 415 for now. if already entered at lower levels wait for the sell signal. but if planning to buy please be cautious since most of the rally seems to over for now!!!!!!!!
it's your money invest it intelligently
regards
RAVI T

 

[ravi t]

Indian Acrylic

Hello Ravi!

What is your view regarding Indian Acrylic?? If time permits could you please go through this scrip.....

Thanks..... appreciate your efforts in maintaing this thread.

Happy Investing

Roneeth

Dear Roneeth
indian acrylic posted a excellent results this year. each quarter is improving from the previous one or at least maintaing the profit. the EPS is also around 3.00. thus fundamentally its a sound share. technically also the indicators are in perfect buy mode in daily charts. though weekly charts are not as promising as daily charts but a sell is not indicated at any cost. i have a feeling the crucial point is 14.10 which the stock may test soon probably in next 1 or 2 trading sessions. after that there is a strong possiblity of it bouncing to 18+ something.if unfortunately it dips further than might test 12.50.
my suggestion here is if already invested then sit tight for some real fast action. or if planning to enter then just wait for couple of trading sessions to look out for some clear signal......
One more request to you. in future please write your position(i.e. if entered than at what level or if planning to enter what is the minimum return desired). this will help to calculate targets easier for me!!!!!!! also please do let me know how much this calculation was helpful to you........
regards
RAVI T

 

[doobyanil]

Re: Ultratech Cement

dear doobyanil
ultratech cement is currently at 388.05. the bad news of scanty rainfall is over. and the company is bouncing on good results posted this quarter/year. moreso the declaration of the dividend and a book closure from august 13 to august 24 is very tempting indeed. technically the scrip is somewhat correcting on daily charts. but on weekly charts it looks good to hold on for some more time. exit seems atleast above 415 for now. if already entered at lower levels wait for the sell signal. but if planning to buy please be cautious since most of the rally seems to over for now!!!!!!!!
it's your money invest it intelligently
regards
RAVI T

Thanks for your valuable advise Ravi,
I was planning to buy this , but if the rally seem over i better go to some other counter.
Thanks once again.