Some Good Steals...
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Hi Amit,
I have one more scrip which I am tracking for a long time.
Hindalco CMP 130
As you clearly indicated many times that its not good time to enter into market ,so can you please give some light on this scrip and also when should one consider to enter into it.
Also I am having AshokLeyland @28 but its not breaking its resistance 31-32 for lasst 3 month despite of good quater result ?
Regards
sjoshi
I have one more scrip which I am tracking for a long time.
Hindalco CMP 130
As you clearly indicated many times that its not good time to enter into market ,so can you please give some light on this scrip and also when should one consider to enter into it.
Also I am having AshokLeyland @28 but its not breaking its resistance 31-32 for lasst 3 month despite of good quater result ?
Regards
sjoshi
Hi Everyone
I do not know in what circumstance did I write this one.. bizzarely mistaken that the cost of Gateway Distriparks is @ 74.. it is actually 274 at that time..
I am sorry for putting out wrong information.. that did show me in poor light...
I hope amit you could spare me some thought on the scrip. Is there a rise in future here..
Thanks again everyone...
Thanks amit for your guidance
Nishant
I do not know in what circumstance did I write this one.. bizzarely mistaken that the cost of Gateway Distriparks is @ 74.. it is actually 274 at that time..
I am sorry for putting out wrong information.. that did show me in poor light...
I hope amit you could spare me some thought on the scrip. Is there a rise in future here..
Thanks again everyone...
Thanks amit for your guidance
Nishant
Hi mailtojoshi,
I am also holding Ashok Leyland. It is not moving as per expections. In fact it is one stock that underperformed other Auto stocks in last one year. But as the company is delivaring good results, I would hold this stock and add some more in case of weakness. I am looking at target of 35-38.
I am also holding Ashok Leyland. It is not moving as per expections. In fact it is one stock that underperformed other Auto stocks in last one year. But as the company is delivaring good results, I would hold this stock and add some more in case of weakness. I am looking at target of 35-38.
Hi Ashish...I've been tracking Gateway since it was 220 and had called it along with Unichem Labs and Bharat Forge a little before the market had tanked.
At this juncture Gateway is into a primary uptrend, as I see it, following good consoliation since August. It's looking very strong indeed and a certain hold for now, though I would hesitate taking fresh positions at these levels as technically it's way overbought. It's difficult to say when it'll correct and where it's heading. It's clearly a crowd favourite and can go higher...and probably will, tough some correction should come sometime soon.
It's not going to be easy setting a technical stop loss either, as any dip is going to bring in more buyers...perhaps till 255 holds.
Just hold for now, though you've come in quite high. Should it dip to 255 or even 267, it's most likely to bounce back again. I've position in this and tracking it too.
Good luck.
PS your chart reading is pending...will come to it soon...sorry for the delay.
At this juncture Gateway is into a primary uptrend, as I see it, following good consoliation since August. It's looking very strong indeed and a certain hold for now, though I would hesitate taking fresh positions at these levels as technically it's way overbought. It's difficult to say when it'll correct and where it's heading. It's clearly a crowd favourite and can go higher...and probably will, tough some correction should come sometime soon.
It's not going to be easy setting a technical stop loss either, as any dip is going to bring in more buyers...perhaps till 255 holds.
Just hold for now, though you've come in quite high. Should it dip to 255 or even 267, it's most likely to bounce back again. I've position in this and tracking it too.
Good luck.
PS your chart reading is pending...will come to it soon...sorry for the delay.
Hi Vishal,
For Mphasis there is no clear indicaton of any upside yet, as it continues to be in a trading range. A close above 135 would be an encouraging early sign for a break out above the present range. You've not mentioned your time horizon for holding, but in this you will do well in the mid to long term. Hold with a s/l at 121. It's a good counter fundamentally.
Sakti Sugar is attempting a pullback for now and still not quite into a safe zone. A close above 80 will put it in that zone, and a close above 85 will set it up for an upside. Below 74 would bring strong selling pressure. Watch for these levels.
Orchid will make you wait now that your s/l wasn't triggered. 217 is the first level to cross, then the hurdle at 232. Above 236 close there's every chance you should see your entry. It's still on danger levels and below 201 may push it further down. I don't know the extent of your exposure nor risk appetite, so the call is yours below 201.
Marico Subex...couldn't get this. Is that Marico Limited? Entered where?
Wish you the best.
For Mphasis there is no clear indicaton of any upside yet, as it continues to be in a trading range. A close above 135 would be an encouraging early sign for a break out above the present range. You've not mentioned your time horizon for holding, but in this you will do well in the mid to long term. Hold with a s/l at 121. It's a good counter fundamentally.
Sakti Sugar is attempting a pullback for now and still not quite into a safe zone. A close above 80 will put it in that zone, and a close above 85 will set it up for an upside. Below 74 would bring strong selling pressure. Watch for these levels.
Orchid will make you wait now that your s/l wasn't triggered. 217 is the first level to cross, then the hurdle at 232. Above 236 close there's every chance you should see your entry. It's still on danger levels and below 201 may push it further down. I don't know the extent of your exposure nor risk appetite, so the call is yours below 201.
Marico Subex...couldn't get this. Is that Marico Limited? Entered where?
Wish you the best.
Hi Joshi...as Prashant has rightly pointed out, Ashok Leyland is looked at as a great investment by the players at large, and a rank under performer too. It's beyond me to figure why. For me if a strong counter does nothing even in the midst of a strong bull market, it's a no-buy. It may do 35 at some point but then even 30 brings strong supply. It will certainly look attractive for an investment at a drop to 26, but to the up, not till 30-31 is sustained for a few sessions.
Hindalco will begin to look interesting above 139-142, not before. We can review then.
As for the market, we now need to wait further at these higher levels. It would be reasonable to expect a correction in the short term.
Regards.
Hindalco will begin to look interesting above 139-142, not before. We can review then.
As for the market, we now need to wait further at these higher levels. It would be reasonable to expect a correction in the short term.
Regards.
Dear Amit
Thanks a lot....I have been keeping a very close watch on Orchid chemicals from last one month. It came down 56 rupees in 3 trading session and now what i feel trying to make a very slow pullback. I feel it should be a best pick of all the stocks as it has performed best in this quarter results.
Thanks a lot....I have been keeping a very close watch on Orchid chemicals from last one month. It came down 56 rupees in 3 trading session and now what i feel trying to make a very slow pullback. I feel it should be a best pick of all the stocks as it has performed best in this quarter results.
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