Some Good Steals...

[AMITBE]

Dear Amit
My primary consideration around BoR was
1. Risk of correction is minimal
2. Good fundamentals
3. Comparitively low RSI/MFI
4. Intertia indicators above 50 and trending upwards.
I agree that this might have resistance all the way back up to 75 but in this market my main concern is around getting in with minimal risk of correction.

On Yes Bank, as always your thoughts are correct. It is currently trading just inches below its MACD and with sustained volume for the next couple of sessions will indicate a clear upward trend.
Another factor in Yes bank was the Fibonacci timezone indicators say we could be close to a major movement either ways.
Thank you for your feedback. Will add a little more meat into my threads.Best regards. Kishore

Hi Kishore, just to add a couple of points...risk of downside and good fundaments aside, as far as the RSI/MFI go, you would find many scores of counters in that kind of a state at any given time. Same with the inertia and Fibonacci indicators too.
What's important to see as you have rightly pointed out, is whether there is a trend or not. For this, a simple and an effective indicator is the Simple Moving Average.
If you saw the 20-50-200 DMA of Bank of Rajasthan, you will find it to be below all the three. This counter is bereft of a trend at this point, since March this year, and except for a quick upward blip last month, has been sideways...since March.
Again, minimal risk of correction aside, I personally don't see any virtue in taking position in a counter which is not in a trend. You may still find more than a few which are trending, and would simultaneously also satisfy your other citeria.
On YesBank...69 did prove to be difficult for crossing today, from yesterday's post. However, the trading range is pretty tight...which is a good sign for an upside.
Regards.

 

[AMITBE]

RanaSug has peaked intaday at 37 quite recently from where it fell sharply. I would be cautious here. You could keep an entry at 35, but only if the momentum is strong and the volume surging. If going in at 35, keeping in view the threat at 37 where another sharp decline may possibly come, I would stop out at 31 if in for a quick trend-trade. For a longer hold, 29 would be it.

Amit, Madhura
The charts seem to indicate almost a cyclical pattern as opposed to a trend (assisted by volume) which is needed to push it above the resistance level. What do you feel?
Does Rana Sug have significant FII investment or institutional support? regards Kishore

Hi Kishore, that was more of an exercise and discussion on Rana Sugar, and not a suggested entry.
I'm not sure what you mean by cyclical pattern. Since last month there have been some strong moves in either direction and again trying for an upside today with better volume...would this be what you mean?
I'm not aware of the holding pattern here.

 

[jmenon]

rumour has it that JCT Ltd. is on a turnaround path and the share is expected to move.
the stocks has been going around in circles between 15 & 19

any word of advise reg investing in the company?

 

[anilsharjah]

Dear amit


Please take same serious approach for your advice because lot of money invested in share market on the basis your advice.( even myself )



Take care


Regards


Anil Sharjah

 

[mail2joshi]

Hi Amit,
Please help me out in this situation
I had 400 stock of GLFL at 18 and after its downfall and your suggestion, I sold it @16.5.
I dont know how it happened but by mistake I also sold extra 400 stock of GLFL @15.5 ( I was in impression that I cudnot sell the quantity which I dont own, I mean if I have 400 , I can sell only 400 , so I really didnot notice if something wrong had happened)

Now I got a mail "Delivery Shortage" of same scrip and its settlement is 3rd Oct.

So whats the workaround of it. My clever agent told me if I wud have told him yesterday ,he can manage but nothing can be done now so let the scrip go into Action.
If I purchase 400 stock of GLFL today so will it be used to square off my shortage ?

Also he told me that if at the time of Auction or one day later , if its rate is still down as compare to @15.5 (I sold by mistake), you will get benefit, but its really like taking a chance , if price goes up, I have to pay the difference along with the penalty...

I am just a newbie (I mean 1 month old in this market) and facing this prob at the starting point.
Please advice me and also any precation link you might be having which will be helpful for all newbie.

Regards
sjoshi

 

[sam]

Hi Amit,

Do u track Helios & Math? If yes - how does it look on the charts...and there is going to b a stock split very soon. Just throw some light on this scrip.

The Fundamentals of the company looks strong to me - any insight on this from you or any other member here also would be great!

-Sam.

 

[AMITBE]

Hi Amit,
Please help me out in this situation
I had 400 stock of GLFL at 18 and after its downfall and your suggestion, I sold it @16.5.
I dont know how it happened but by mistake I also sold extra 400 stock of GLFL @15.5 ( I was in impression that I cudnot sell the quantity which I dont own, I mean if I have 400 , I can sell only 400 , so I really didnot notice if something wrong had happened)

Now I got a mail "Delivery Shortage" of same scrip and its settlement is 3rd Oct.

So whats the workaround of it. My clever agent told me if I wud have told him yesterday ,he can manage but nothing can be done now so let the scrip go into Action.
If I purchase 400 stock of GLFL today so will it be used to square off my shortage ?

Also he told me that if at the time of Auction or one day later , if its rate is still down as compare to @15.5 (I sold by mistake), you will get benefit, but its really like taking a chance , if price goes up, I have to pay the difference along with the penalty...

I am just a newbie (I mean 1 month old in this market) and facing this prob at the starting point.
Please advice me and also any precation link you might be having which will be helpful for all newbie.

Regards
sjoshi

Hi Joshi...All I can say is for now your best bet would be wait and see if it will fall further, which would put you in profit.
If it seems to be making a smart recovery, you may want to buy back 400 shares again for squaring off.
There is a faint, a very faint suggestion of levelling out at the current level, so watch close.
Do track and update later.
Good luck, hope it will work out.

 

[AMITBE]

Dear amit
Please take same serious approach for your advice because lot of money invested in share market on the basis your advice.( even myself )
Take care
Regards Anil Sharjah

Hi Anil,
I am rather taken aback at this post of yours.
It seems you are insinuating here that I don't take my work seriously and found by you to be flippant, indifferent and cavalier?
To the best of my mettle, integrity and honour, have I taken utmost care and deliberation in making buy calls or answering queries.
That been said, I would hate to occupy any further data space of this precious forum in answering your post.
Yours sincerely.

 

[mail2joshi]

Hi Joshi...All I can say is for now your best bet would be wait and see if it will fall further, which would put you in profit.
If it seems to be making a smart recovery, you may want to buy back 400 shares again for squaring off.
There is a faint, a very faint suggestion of levelling out at the current level, so watch close.
Do track and update later.
Good luck, hope it will work out.

Hi Amit,
Thanks a lot for your kind reply.

Regards

 

[naga2054]

Dear amit


Please take same serious approach for your advice because lot of money invested in share market on the basis your advice.( even myself )



Take care


Regards


Anil Sharjah

Anil,
This is a raw statement which u have made without any weight to it. If u are a reasonably regular member to this forum, u shall know how much AmitBe cares about the forum members.
His selfless service and his passion to help others not only in stock tips but also in giving technical insights is what each of the members of this forum appreciate.

Please refrain from making such POTA statements..

Nagzu