Queries on BUY IN/ SELL OUT targets of your stocks

[trading_learner]

Hi Ravi T,

Dear Ashwani
when i look at the charts of GUFIC BIOSC, I cannot restraint myself from smiling in amusement. Technically the stock is in perfect buy position at current levels. having a support level of 26, a very little correction is left. if the stock is picked up at around 26 it has all the chances to shoot to a level of 44 where it may again stop for some correction.Futher the declarration of divident is the necessary fuel required for that northward journey.Once the target of 44 is successfuly crossed a further target of 55 can be set for a full term profit.
Friends, thanks to Ashwani, We have a new counter which is almost on the basement and has reached the staircase.good find ashwani...
regards
RAVI T

I wanted to know, how the targets like 44 or say 55, can be predicted? By technical charts or by fundamentals like P/E ratio etc.? In this case, can a time band be predicted?

Regards,
T_learner

 

[zen4all]

hi ravi,

have a similar query.
how are you able to come with absolute numbers.this is amazing.

regards

 

[ravi t]

hi ravi........
hope u r allright n in pink of health........
jus wanted 2 know ur views on orchid chemicals........is it still a buy??? as u suggested it sometime bac for a tgt. of 500+ ....tgt revised?????

dear Devansh
Thanks for your wishes. Though i have not fully recovered but still better than before.Thanks for asking.
Regarding ORCHID, as i had mentioned earlier the current price of 248 comes out to be somewhere 372 before split/bonus. And with the same rational it should reach atlease 330-335 for an equivalent earlier target of 500.if stillnot entered wait for a confirmation till 260. or if you wish you can buy here for a target of 300+
regards
RAVI T

 

[aman1973]

Dear Ravi
Glad to see you back in action
take a breather before making a break out ( dont over exert)
regards
aMAN

 

[ravi t]

Hi Ravi T,





I wanted to know, how the targets like 44 or say 55, can be predicted? By technical charts or by fundamentals like P/E ratio etc.? In this case, can a time band be predicted?

Regards,
T_learner

HI T_LEARNER
great to have you here. first of all there cann't be any 'predictions' in this world of stocks, only 'estimations' after simple mathematic calculations.saint and amit has explained in detail,in their threads, how to reach these targets.fundamentals are always a necessary part of analysis but technical charts help to give right entry and exit points.Price do not and cannot swing between extremes of high and low on its own.they always follow a trend.and we as a technician try to find out where is that trend at current time.different technicians might have different view of the same scirp, and there can be mistakes but then one learns with time and expereince.
once we find the trend we try to 'estimate' how long this trend might continue or in other words what is possible limit till this trend will continue before a reversal can occur this gives us an exit point.
for a starting take any technical chart and join two bottoms together and similarly join two recent tops together.and extend these two lines in future. thelower line(bottom line) is the support line price might not fall below this, the upper line is the resistance line, price may find it difficult to cross this....
only practice can make us perfect.
regards
RAVI T

 

[ravi t]

Dear Ravi
Glad to see you back in action
take a breather before making a break out ( dont over exert)
regards
aMAN

dear Aman
thanks for the wishes. Hope you are doing fine
regards
RAVI T

 

[karthikmarar]

HI T_LEARNER
great to have you here. first of all there cann't be any 'predictions' in this world of stocks, only 'estimations' after simple mathematic calculations.saint and amit has explained in detail,in their threads, how to reach these targets.fundamentals are always a necessary part of analysis but technical charts help to give right entry and exit points.Price do not and cannot swing between extremes of high and low on its own.they always follow a trend.and we as a technician try to find out where is that trend at current time.different technicians might have different view of the same scirp, and there can be mistakes but then one learns with time and expereince.
once we find the trend we try to 'estimate' how long this trend might continue or in other words what is possible limit till this trend will continue before a reversal can occur this gives us an exit point.
for a starting take any technical chart and join two bottoms together and similarly join two recent tops together.and extend these two lines in future. thelower line(bottom line) is the support line price might not fall below this, the upper line is the resistance line, price may find it difficult to cross this....
only practice can make us perfect.
regards
RAVI T

Very correctly said...nice one Ravi

regards

karthik

 

[caprice]

hi seniors..

as usual rocking stockumentry... guys.. i appreciate what you do so much.. i think it fell upon my good fate to stumble into this forum and come to know such excellent souls...

regards and regards

Nishant

* Ravi welcome back.. we missed you..
* Saint do take care... wish you a swift recovery...

 

[ravi t]

Marson

For quite some time MARSON is trying to test 9.00 but falling just short of it.. currently at 8.8 it may again make an attempt to do so and pass the hurdle.. once it reaches 9.5 it will be best to start making an exit as the road beyond that seems to be very bumpy and some correction might set in..Needless to say no fresh entry here.
regards
RAVI T

 

[dinkerj]

Re: Marson

For quite some time MARSON is trying to test 9.00 but falling just short of it.. currently at 8.8 it may again make an attempt to do so and pass the hurdle.. once it reaches 9.5 it will be best to start making an exit as the road beyond that seems to be very bumpy and some correction might set in..Needless to say no fresh entry here.
regards
RAVI T

No fresh entry at CMP. Right! So do u recommend no entry at all?