Some Good Steals...

[ssnkumar]

Hi Nandan and Narendra...
From last night GatewayDistPrk is still good as is Bharat Forge.
Past 175, Rolta will head for 185 plus in the short term and more later.
Visualsoft as suggested last night and earlier today has broken past 212...up at 215...should be looking to 220 plus soon.
FINPIPE broke out today as well, past 82-84 is at 86 off now. 90 next.
Aftek at 124, up over 8% will consolidate at 127-129 and past this...135-145-150.
Unichem up 272...over almost 15%.
Cheers.

Thanks Amit,
I took Rolta.
Hope it will also fire and give good profits

Thanks,
Narendra

 

[AMITBE]

Thanks Amit,
I took Rolta.
Hope it will also fire and give good profits Thanks, Narendra

Hi Narendra...yes, Rolta consolidated well today and traded in a tight band. Should do well, and this is all subject to the market holding out. I presume you took it around 171-172. Keep a strict s/l at 169, or 166 final.

Strangely, in the last couple of hours a lot of the scrips on my watch list suddenly cooled off. Selling pressure at high index levels could be the main cause. Perhaps also there was money taken away chasing some rising index counters too.
Aftek closed up 10% at 126 off...and many other great moves.
Not a bad day at all

 

[game4trade]

Hi Ashish...looking at the last annual results, HOCL has registered minor profit as against some significant losses last year. The last quarter shows increased losses compared to the corresponding one last year.
On techs, there was a minor pullback today closing at 41, and a closes above 42-43 will provide some interim safety. A drop at 38 see could further downside.
If you wish to wait for a recovery do so, but watch 38. 49 looks far from here, and I would make use of any rise to decrease holding.
Wish you the best.

Hi Amit,

Many thanks for your input on this one. Your input is really appreciated.

Seems like it is gaining a bit. Well to me this is a good turnaround story but recent frenzy caused this stock to head sounthwards. Will try to offload my position in recent rise and will probably take position again at lower levels.

Do comment your view on my approach and thanks once again.

Regards,
Ashish.

 

[oldmirage]

Hi oldmirage...yes it has taken a beating recently. At 141 off today, it's hanging on to very little. If it can climb above 142-143 tonight there may be some recovery. Else it can drop sharp...no support till 137 which may not stand.
Watch close and exit at signs of weakness to keep some profit. If it goes up, trail stop tightly.
All the best.

Thanks for the reply. I will soon be taking my profits out.
Can you please tell me target on JM shares . right now it's 382.
I am not good at reading charts but upward trend seems to be going.

 

[AMITBE]

Thanks for the reply. I will soon be taking my profits out.
Can you please tell me target on JM shares . right now it's 382.
I am not good at reading charts but upward trend seems to be going.

Hi oldmirage...Genus Overseas has made some recovery and at 146 is better protected. Watch how it does...if it can climb over 148-150, you may see higher levels.
On JMShares, the trend still looks good despite the rather sharp run up. Where you entered I wonder, or wanting to?
If in, past 385 close it is likely to test 395, and on clearing this, a run to 410 is possible.
If you want to get on, I would suggest wait for some pullback and consolidation.
Thanks.

 

[oldmirage]

Hi oldmirage...Genus Overseas has made some recovery and at 146 is better protected. Watch how it does...if it can climb over 148-150, you may see higher levels.
On JMShares, the trend still looks good despite the rather sharp run up. Where you entered I wonder, or wanting to?
If in, past 385 close it is likely to test 395, and on clearing this, a run to 410 is possible.
If you want to get on, I would suggest wait for some pullback and consolidation.
Thanks.

You are amazing Amitbe. Working pretty long and not just for your own sake but for the good of others. Thanks much for answering this one.

I am in for JM Shares from littele past when it was on 399. It slipped back terribly and now consolidating. Hence I just wanted to know if I should pull out around my investment price.
Seems that I should hold for right now.

just one titbit for u: From it's fundamental analysis & tech. analysis ( mind well, I m just a beginner in this field) I was expecting it to go past 450.
Learning from my mistakes.

 

[AMITBE]

Hi Amit, Many thanks for your input on this one. Your input is really appreciated.
Seems like it is gaining a bit. Well to me this is a good turnaround story but recent frenzy caused this stock to head sounthwards. Will try to offload my position in recent rise and will probably take position again at lower levels.
Do comment your view on my approach and thanks once again. Regards,
Ashish.

Hi Ashish...HOCL closed very close to the safe zone mentioned earlier...At 41.95 now and a little more...143-45 will keep it from slipping should the market hold good. Keep watch and don't off load till the pullback is full. Should the market act up, pull out at any rise.
Good luck.

 

[AMITBE]

You are amazing Amitbe. Working pretty long and not just for your own sake but for the good of others. Thanks much for answering this one.
I am in for JM Shares from littele past when it was on 399. It slipped back terribly and now consolidating. Hence I just wanted to know if I should pull out around my investment price.
Seems that I should hold for right now.
just one titbit for u: From it's fundamental analysis & tech. analysis ( mind well, I m just a beginner in this field) I was expecting it to go past 450.
Learning from my mistakes.

Hi oldmirage...thanks for your words of appreciation.
The entry is high, and when I said, it could retest the levels it has attempted earlier, first at 395, and then 410, I was aware of higher targets in the mid to long term. That would be the logical progress of any well managed, profit making company. I'm not able to confirm the 450 tarrget set by you at this time. Perhaps at a close aboce 410 we could review the momentum/velocity etc.
Regards.

 

[karthikmarar]

Hi all...
The market would need to validate all the good moves today, and we are into a few crucial sessions ahead.
Subject to all going well, these are a few counters to watch with interest. They have all given confirmation of breakouts:
Unichem Labs at 237.
Gateway Distriparks at 225.
Bharat Forge at 362.70.
Visualsoft which I am in since 180, at 110 is likely to have another 25-35 Rupees in the short term ahead...perhaps more. Some now and the rest at 125 would be one way of entering. Strange looking inverse h&s on the daily chart.
Thanks.

Unichem Lab ....that was blockbuster breakout....Amit that one was a Bullseye....sharp shooter..

 

[naga2054]

Hi AMIT..
how does TajGVK and Voltas look to u ?

Please advice

Nagzu