Some Good Steals...

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AMITBE

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#1,891
#1,891
cjsheth said:
AMIOTBE,

I am holding GTL for quite sometime some 1 and half years. Every time I get the news from the Media that It will go up handsomely but that just does not happen. Will be able to guide me as I have purchased the shares @ 128/- when CNBC Had suggested that it is is sure to go up and there is no question of Stop Loss on this stock. Its financials are all good still It does not move. What should be the strategy now.

Chandu
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Hi Chandu...do give the symbol, ticker and the full name please.
 
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AMITBE

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#1,892
#1,892
chopra said:
Dear Amit,
I like to get your advice regarding. The symbol codes are of icicidirect.
Essar Steel(ESSSTE) @65 cmp 48/-
Ispat India(ISPIND) @30 cmp 19/-
Uni Abex Alloy(UNIABE) @156 cmp 114/-
Tele Data(TELDAT) @32 cmp 26/-

I am willing to wait for long term or will it be better to take cash and put into some other scrip.

And is it right time to re-enter Ultra tech(ULTCEM) cmp 394/-

Please suggest,

Regards,
Ashish
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Hi Ashish, the steel sector is trailing the rally so far and this is world wide.
Essar is surviving the currection so far as it never really rallied. However your entry seems pretty far from here. To the down, 45 is a crucial mark. Below it could go deeper. Looking range bound in 47-60 for now. A break above 62 would set it up for a move up.
You have taken Ispat around its highest. From here the wait may be long. As in Essar, this too is holding out in a range, and below 18 could run into trouble. Watch for this level.
Uni Abex...don't know the cmp but is not looking good. Below the 107 support line can slip further. This one is not looking good at all.
Teledata should come in for a rally, it's long over due...and the company is strong is what I hear. The danger level is 22.
Ultratech is a fair counter in the segment, though GujAmb is believed a better buy. At 407 cmp it's hanging above an important support at 403. It may go deeper, so wait for now.
The call to sell in losses is yours, my friend. Essar and Ispat are good counters and once the steal sector picks up, these should see higher levels. A lot will depend on the numbers at SAIL and TISCO to lead the sector.
All the best to you.
Regards.
 
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AMITBE

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#1,894
#1,894
ashimindia said:
hi amit
can u look up at TATA METALIKS and tell me the reasons for its sharp fall recently ,especially today-more than 11%
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Hi ashimindia...I'm unable to say why this is dropping, but then whole market is being drubbed badly.
The long term trend has been on the rise, but a close below 130 and 127 would negate it. It may likely stay above this however as the chart has not generated a clear reversal sign...yet.
Thanks.
 
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usha

Member
#1,895
#1,895
Hi amit,
I am holding still my long in escorts @101 levels(2400 shares oct futures 1 lot) Today again it dropped 3% trading around 84? why is it happening? when is its buysignal generates? I believed from 84 it shoots up, because it is the least price anybody can see in escorts. What is the support level of this? How long should I have to suffer this? should I have to exit here and invest in Bharathi tele? (my broker says buy bharati tele @319 it may reach 334 in a week, he is also saying me to hold escorts for 10 days and it may reach 101 or more, is he rightly advising me?) I donot know whether I am bothering you or not but please help, and guide me how to recover my huge piling up losses, if possible.

bye,
usha
 
A

AMITBE

Well-Known Member
#1,898
#1,898
usha said:
Hi amit,
I am holding still my long in escorts @101 levels(2400 shares oct futures 1 lot) Today again it dropped 3% trading around 84? why is it happening? when is its buysignal generates? I believed from 84 it shoots up, because it is the least price anybody can see in escorts. What is the support level of this? How long should I have to suffer this? should I have to exit here and invest in Bharathi tele? (my broker says buy bharati tele @319 it may reach 334 in a week, he is also saying me to hold escorts for 10 days and it may reach 101 or more, is he rightly advising me?) I donot know whether I am bothering you or not but please help, and guide me how to recover my huge piling up losses, if possible.
bye,
usha
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Hi Usha...understand your anguish..
At this point it's not just Escorts but the market in general is extremely weak.
The charts show 80-84 as a good support area for Escorts and strength would come at a close above 91-92. Below 80 you are likely to see lower levels. Looking at things I'm not certain if 101 will come by the expiry. However if the market shapes up a bit you should see some upside before covering your position.
Bharti is good, but just keep off anything for now. The time to recover losses will come, but not now...you may just end up with more trouble.
Do update on Escorts over the next few days.
Good luck.
 
U

usha

Member
#1,899
#1,899
hi amit,
Happy that at least you( and saint and other seniors, ofcourse) are there to guide me. Thanks a lot, I will keep on updating about escorts,

bye,
usha:
 
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