Some Good Steals...

[AMITBE]

Amit

Jphydro...I see a slight bearish divergence in RSI and a pronounced one in TRIX...

regards

karthik

Hi Karthik, thanks for the input.
My remarks to Alok were on funadmentals, and hardly on techs. Seems he is an investor.
This counter is still new, and a good punting area...look at the huge volume every day.
It's certainly a wait and watch...and the confirmation either way will come with the result.
Thanks.

 

[AMITBE]

Hi Amit,
2 stocks which i have been tracking gave breakout today..
Mrotek-facing resistance at 71-73 levels--cmp 84
HMT-in congestion from 85-93 levels....CMP-101
Shriram Transport again consolidating at 138-143 levels...
Can i take a call in MRO and Hmt?
Thanks
Madhura

Hi Madhra...some great picks here.
Mrotek, yes a breakout with volume. Just tookout 84, a previous week high.
HMT, very nice...92 was blown out and going higher from yesterday.
Shriram...is still a watch and must consolidate above 132-135 for a new upside. Still looks good.
Very well done, and keep it up, Madhura.

 

[AMITBE]

Very often i think myself unfortunate as i did not come to know about this forum earlier.Amit, i really appreciate your timely, valuable opinions.I have 500 sunflag iron bought at around 24/ .I can hold it for medium to long term.What should be my strategy?Should i exit or hold it?

Hi suprdebr4...your word have touched a poignant, sensitive note in me.
The greatest beauty about life and all that it contains is its impermanence and its transient nature. We all have to walk the walk of destiny, there's nothing unfortunate or otherwise about it. It's ever so transient. That's what it is. You are here amongst all of us today, enjoy it, cherish it, and participate in it. Along the line this too will pass but for the treasure of memories and the experience. I wish you luck along the journey.
Hold Sunflag for now. It's a bad day at the market today but it's hanging in with a small dip. It is likely to come back closer to your entry at some point, and once there watch for 26. If there is weakness here, at 24 off again, come out.
Good luck.

 

[madhura]

Hi Amit,
Is is time to enter Mro-Tek of Hmt today?
I have not taken the call in these yet?
is this a false breakout of will go more ahead?
Madhura

 

[AMITBE]

Hi Amit,
Is is time to enter Mro-Tek of Hmt today?
I have not taken the call in these yet?
is this a false breakout of will go more ahead?
Madhura

Hi Madhura...it's possibe that both will go higher still. Don't know about Mro-Tek, but with HMT there has to be news in the background. There's not a lot in the company at this point, except a lot of real estate perhaps.
Also they are both trading close to their highs today and have climbed sharply since yesterday. It's a difficult call at these levels, and the market so far is not giving a positive sign. It's not a good day for positions regardless of strongly trending counters. If we get caught in a short term bearish move over the next few sessions, you'd be trapped at high levels. Enter if you like but be very cautious.
Thanks.

 

[AMITBE]

Amit
If you get time please look up this one...
GSFC closed 12 points up at 157.9 past the previous resistance of 153 with good increase in volume. Sustaining above 160 will take this higher.
Thanks regards karhtik

Hi Karthik, a good one indeed, good firm trend over a period of time. Nice find. Finding it difficult at 162 both yesterday and now. Will surely go higher past here.
Thanks.

 

[mail2joshi]

Hi Amit,
I was looking for SAIL somewhere around 62-63 and today I got the chance @63.
Now I am owning 200 of SAIL, but looking at the market correction and share market is dampening, did I make some mistake entering at this level of market.

Please advise me.

Regards
sjoshi

 

[AMITBE]

Hi Guys
Is this a good time to enter into Indraprastha Gas for long term 6-12 months ?
Me holding on to Matrix too since @192 Thanks Narayan

Hi Narayan...IGL is now in the midst of some congestion from a couple of years ago. 129-133-135-139 are the resistance levels, so watch for these. Past this expect 150 plus.
To the down, 112-116 are good supports.
I'd say wait for a pull back to enter. Should do very well in your time horizon.
Stay with Matrix too for now. Once it enters a trend, will make good progress. Some good media in the past few days too.
Regards.

 

[avinash]

The greatest beauty about life and all that it contains is its impermanence and its transient nature. We all have to walk the walk of destiny, there's nothing unfortunate or otherwise about it. It's ever so transient. That's what it is. You are here amongst all of us today, enjoy it, cherish it, and participate in it. Along the line this too will pass but for the treasure of memories and the experience. I wish you luck along the journey

Truly a great forum with the likes of Amit,Saint,nkpanjiyar,Jaideep among others coming out not just with great trades,but great philosophy,poetry and wisdom.

Thank you all so much!
Avinash

 

[alokdaga]

Hello Amit,

Your views on Jet Airways. Somebody recommends me this as a long term investment.

Alok