Some Good Steals...

[roneeth]

Hello Amit,

Cummins had a gap down opening today,price behaviour is very erratic.
If possible Could you please throw some light on this.Entered at 157.

Regards

Roneeth

 

[AMITBE]

Hello Amit,

Cummins had a gap down opening today,price behaviour is very erratic.
If possible Could you please throw some light on this.Entered at 157.

Regards

Roneeth

Hi Roneeth...long time no hear?
Cummins is the kind of stock one has to hold. It's not a trading space. It's one of the top companies in it's segment with a great blood-line. The profitablity is excellent.
Yes, it does tend to be erratic and rather slow, but it's day will come soon enough. We are only a short time away from the next round of results and you should get a good price on it.
Almost six months ago I had put a call on it at 128 I believe. After a long wait it had moved up to 162. Then it went up sharp a few weeks ago from 232 where it had fallen to in the pre Diwali fall, to 171 high. This is a correction to that steep climb, and the price action the last three sessions has been on depressed volumes. There is no cause for concern.
I had bought in again in the pre Diwali fall and now waiting to exit in the new year.
It needs to close firmly above 170 and hold there for a rally to 185 first. Twice in recent times it has closed at 171 overnight but couldn't hold.
Hope this helps and do get back with any queries when you like.
Regards.

 

[am_investor]

Hi Amit,

Can U please provide some info. on Sterling Tools curr. at 160 (530759) and prithvi info media curr. at 334/- (532675)

 

[roneeth]

Hello Amit,

Thanks a lot for clarifying my query.I am an ardent follower of your posts at Nifty Fifty,Thanks for the same.The charts you posts are very helpful they help us to understand Nifty s movements.Will definitely get back to you with my queries.As you had foreseen Elecon Eng crossed 900,now back at 850.

Thanks and Regards

Roneeth

 

[vizzie]

Hi AmitDa

Hope ur doing fine..
long since wrote 2 u directly..
Been going through ur posts all this while...
as always very informative..

best wishes..


cheers
vizzie

Hello Amit,

Thanks a lot for clarifying my query.I am an ardent follower of your posts at Nifty Fifty,Thanks for the same.The charts you posts are very helpful they help us to understand Nifty s movements.Will definitely get back to you with my queries.As you had foreseen Elecon Eng crossed 900,now back at 850.

Thanks and Regards

Roneeth

 

[AMITBE]

Hi AmitDa

Hope ur doing fine..
long since wrote 2 u directly..
Been going through ur posts all this while...
as always very informative..

best wishes..


cheers
vizzie

Hey there vizzie...nice to hear from you buddy!
It seems since I've gone passive on this thread, I've lost touch with many of my friends here, what?
Do keep in thouch more often. I'm at NIFTY FIFTY quite a lot these days.
Cheers and take good care.

 

[AMITBE]

Hello Amit,

Thanks a lot for clarifying my query.I am an ardent follower of your posts at Nifty Fifty,Thanks for the same.The charts you posts are very helpful they help us to understand Nifty s movements.Will definitely get back to you with my queries.As you had foreseen Elecon Eng crossed 900,now back at 850.

Thanks and Regards

Roneeth

Hi Roneeth, I'm glad you are getting something out of NIFTY FIFTY.
On Elecon, 920 is a major resistance it may need to spend some time regrouping before that level is attempted again. Then 937-946-955-964 would be the immediate levels.
850-843-836-829 is the support band.
The results coming on should be great as always though I've not looked into it for a while.
Do keep me posted on its progress.
Bye for now.

 

[AMITBE]

Hi Amit,

Can U please provide some info. on Sterling Tools curr. at 160 (530759) and prithvi info media curr. at 334/- (532675)

Hi am_investor...could you please leave your entry level if in. It would help working out your query which I'll try and post tomorrow.
Also, does Prithvi Info go by any other name? Couldn't see it in my BSE data here.
Thanks.

 

[roneeth]

Hello Amit,

Would like to have your advice on ,
Varun Shipping at 74 cmp 63 support at 60
India Cemets at 100 ,i can see an support at 88.5....then deep 77.5??
Ador Fontech 107,Is it the Cup and handle forming in the weekly as well as daily?

had taken for mid to long term,if time permits could you please post your views.

Thanks and Regards

Roneeth

 

[gandharvashu]

Hi Roneeth!

I am unable to see cup and handle in Ador Fontech as pullback is quite large.