Queries on BUY IN/ SELL OUT targets of your stocks

[roneeth]

hello Ravi!
Thanks for taking time and Replying.It was definitely very helpful.Actually i have not entered yet.... could it be held for short term and what could be the possible target?

Regards

Roneeth

 

[mejo]

Hi Ravi,

Give me your suggestion on JK Cement ..I have 125 shares @ 137 .....Should I buy more or sell it now ? what isthe future target in next 6-8 months ?

 

[neeraj4u]

hi Ravi

I wanted your suggestion about Mawana sugars. I bought it at 97. I took it on account of booming sugar stocks. But now people are talking about a correction coming in the market. What do you think about it's chances.

thanx
Neeraj

 

[khan]

what the news about Mphasis BFL Ltd and Amtek auto ltd. I have 250 and 100 stocks respectively. What the target for these stocks ? Please reply.

 

[ravi t]

hello Ravi!
Thanks for taking time and Replying.It was definitely very helpful.Actually i have not entered yet.... could it be held for short term and what could be the possible target?

Regards

Roneeth

dear roneeth
please wait for atleast 2 trading sessions before confirmation on buy of indian acrylyic. to me it seems very good for short term buy but you have to be patient with small fluctuations
regards
RAVI T

 

[ravi t]

Jk Cement

Hi Ravi,

Give me your suggestion on JK Cement ..I have 125 shares @ 137 .....Should I buy more or sell it now ? what isthe future target in next 6-8 months ?

Dear Mejo
jk cement posted a profit of 51 million this quarter. the indicators are good for buy at the moment. the stock is at its support level at 119 and i don't think it will go down and beyond 112. further it has a resistance at 128 which when broken will take it to A probable hight of 145.if you wish you can buy some here and take down your average.
regards
RAVI T

 

[ravi t]

Mawana Sugar

hi Ravi

I wanted your suggestion about Mawana sugars. I bought it at 97. I took it on account of booming sugar stocks. But now people are talking about a correction coming in the market. What do you think about it's chances.

thanx
Neeraj

Dear neeraj
Mawana sugar posted a better quartely results compared to last one with an good EPS of 4.5. the yearly profit was rather low than the previous year. on technical charts the run seems to be over and indicators are begging for sell. now i feel it's very hard for it to reach 110, whih was its privious high. its better to sell of b/w 105-107 and move to some other counters...
regards
RAVI T

 

[AMITBE]

Re: Jk Cement

Dear Mejo
jk cement posted a profit of 51 million this quarter. the indicators are good for buy at the moment. the stock is at its support level at 119 and i don't think it will go down and beyond 112. further it has a resistance at 128 which when broken will take it to A probable hight of 145.if you wish you can buy some here and take down your average.
regards
RAVI T

Hi there ravi t...sorry to be getting in on your thread, hope you don't mind. Coming in only as mejo had put this to me as well.
To me it seems the downward correction is still not complete as it has dipped further on increased volume. As such there is very little liquidity in the scrip and the chart suggests erratic movement. Some indication may come at 115 levels to suggest consolidation and reversal.
In my opinion, let it slide a little more and become stable. Then on the up, once past 125, fresh exposure could be taken to average out.
From what I have seen, not always does a scrip turn direction at once on the back of good results. Also, it may be prudent to wait for a sure and positive buy signal before increasing exposure.
Thanks for the stay and again, I hope you don't mind.

 

[ravi t]

Re: Jk Cement

Hi there ravi t...sorry to be getting in on your thread, hope you don't mind. Coming in only as mejo had put this to me as well.
To me it seems the downward correction is still not complete as it has dipped further on increased volume. As such there is very little liquidity in the scrip and the chart suggests erratic movement. Some indication may come at 115 levels to suggest consolidation and reversal.
In my opinion, let it slide a little more and become stable. Then on the up, once past 125, fresh exposure could be taken to average out.
From what I have seen, not always does a scrip turn direction at once on the back of good results. Also, it may be prudent to wait for a sure and positive buy signal before increasing exposure.
Thanks for the stay and again, I hope you don't mind.

Dear Amitbe
why should i mind your comment on my thread. NO not at all!!! infact i take you as one of my guide... it's always a pleasure to have some valuable add on from a knowldgeable person like you. you are always welcome to come and make your views inthis thread...
regarding jk, you are right it may slide a bit or two but not more and yes it may consolidate around 115. seems you also agree that it might not drop beyond 112 as i have already calculated. now when one has made some positions at 137 and really stuck up in the storm, in my view it's better to average around much lower level. if mejo decides to average here at 115-119 and increase his total holdings to 200 shares the average comes out to be below 130. but if he avg around 125 levels his avg will come out to be 132+. now if the target is set around 145 it willgive mejo a good 500/- + benfits when he decides to average here.this is the reason i suggested mejo to average here. but whether he do so here or at 125 is totally mejo choice
apart from above stuff it is a reaaly good feeling to have you here amit. thanks and regards
RAVI T

 

[AMITBE]

Re: Jk Cement

Dear Amitbe
why should i mind your comment on my thread. NO not at all!!! infact i take you as one of my guide... it's always a pleasure to have some valuable add on from a knowldgeable person like you. you are always welcome to come and make your views inthis thread...
regarding jk, you are right it may slide a bit or two but not more and yes it may consolidate around 115. seems you also agree that it might not drop beyond 112 as i have already calculated. now when one has made some positions at 137 and really stuck up in the storm, in my view it's better to average around much lower level. if mejo decides to average here at 115-119 and increase his total holdings to 200 shares the average comes out to be below 130. but if he avg around 125 levels his avg will come out to be 132+. now if the target is set around 145 it willgive mejo a good 500/- + benfits when he decides to average here.this is the reason i suggested mejo to average here. but whether he do so here or at 125 is totally mejo choice
apart from above stuff it is a reaaly good feeling to have you here amit. thanks and regards
RAVI T

Thanks for the warm reception, Ravi.
Yes, all of the above may be true, but it an old rule of the market that averaging out should only be done at a clear buy signal rather than in anticipation of it.
Rather like not throwing good money after bad.
It a depends on individual risk appetite.
Thanks.