Some Good Steals...

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AMITBE said:
Hi Joshi,
Hindalco is a strong hold. When it breaks past 152, expect 155-157-160 and possibly 163. This would be range of the move and when it gets there we'll follow up. It's slow moving and will take time covering ground.
S/l is 134.
SCI be cautious with if it breaks below 155 and exit at once.
To the up, if it breaks above 164 close, expect 167-170-173. A break above 176 will push it higher, and we'll follow up then.
Regards.

Thanks Amit for your kind support as usual.
I made exit from SCI at 167 yesterday and holding Hindalco.

Thanks once again

Regards
sjoshi
 
Hi Amit,
Please advise me on RAINCALCIN and PRAJ Industries.


Also is it right time to enter into market as market is on peak this time or should wait for some corrections.

Regards
Sunil Joshi
 

AMITBE

Well-Known Member
mail2joshi said:
Hi Amit,
Please advise me on RAINCALCIN and PRAJ Industries.


Also is it right time to enter into market as market is on peak this time or should wait for some corrections.

Regards
Sunil Joshi
Hi Joshi...no, not the right time...let's wait and see where things are heading.
Praj is consolidating after the strong move in the recent past. It needs to close above 115 and sustain it. The players seem to be looking for counters that have promise of an upside left in them, to enter...Praj would figure on several lists.
Raincal is up already and hanging at a breakout point. It's quite overbought and can see a slowdown if not a correction. The recent movement is likely in anticipation of the results and it's a good company. You may want to wait and see.
In the near future keen an eye on Gateway Dist.
Regards.
 

AMITBE

Well-Known Member
hvram said:
Hi
Can somebody let me know the prospects of these stocks

I was looking specifically for
Maral Overseas Bought at 55
GTC industries Bought at 97
FDC Bought at 55

Regards
Hari
Hi Hari...sorry, had missed this earlier.
Maral needs to close above 48-49 with strong volume to resume it's trend and to get your price. You may need to wait for a while but in this new move it will get there. You may want to pull out at resistance at your entry.
You're making a killing on GTC and I'd say pull out now. Way too overbought and losing ground today. Enter lower if you like.
FDC you came in at a longterm resistance point. It's trading just there today with a jump in volume, so wait for a breakout above here. Hold and trail stop above 59. S/l is 48.
Regards.
 
Hello Amit,

It would be great if you could throw some light on the prospects of the following counters in ST (a month or so) -

IndusInd Bank @ 61 (CMP 58.7)
Graphite Indus @ 326 (CMP 298)
Bharti Tele @ 348 (CMP 342)

Thanks in advance :)
 

AMITBE

Well-Known Member
AMITBE said:
Hi Joshi....
...In the near future keen an eye on Gateway Dist.
Regards.
Took the jump today. Was at 274 when the above was written. Now moving at 285.
This is another counter that has ways to go and should be on the list of many players now that good counters are running out.
Get in on declines.
S/l 266.
Regards.
 

AMITBE

Well-Known Member
cashgen said:
Hello Amit,

It would be great if you could throw some light on the prospects of the following counters in ST (a month or so) -

IndusInd Bank @ 61 (CMP 58.7)
Graphite Indus @ 326 (CMP 298)
Bharti Tele @ 348 (CMP 342)

Thanks in advance :)
Hi cashgen...IndusInd is not likely to travel too far. This is not on technicals but on the news that the next couple of quarters may go flat. This is what the management is believed to have said.
On technicals a H&S is being formed on the weekly charts and a break below 52 will confirm this. You may consider any rise to offload. It's a volatile erratic kind of a chart.
Entry in Graphite is at it's highest and there didn't seem a lot of room at those levels. The trend is not broken yet but a break below 285 would do it. It should still attempt an upside should the market hold in the next little while. Needs to rise above 305 and 311 to take it higher. Hang in and see.
Bharti Tele...no problems...will rally fine above 355. Another counter for the punters to play with...has lots of room left.
Regards.
 
AMITBE said:
Hi cashgen...IndusInd is not likely to travel too far. This is not on technicals but on the news that the next couple of quarters may go flat. This is what the management is believed to have said.
On technicals a H&S is being formed on the weekly charts and a break below 52 will confirm this. You may consider any rise to offload. It's a volatile erratic kind of a chart.
Entry in Graphite is at it's highest and there didn't seem a lot of room at those levels. The trend is not broken yet but a break below 285 would do it. It should still attempt an upside should the market hold in the next little while. Needs to rise above 305 and 311 to take it higher. Hang in and see.
Bharti Tele...no problems...will rally fine above 355. Another counter for the punters to play with...has lots of room left.
Regards.
Thanks a lot, Amit. I will exit INDUSBANK tomorrow the first thing. For Graphite, I will wait to break even. Accumulated some more Bharti today @ 342 :)

Thanks again.
 
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