Some Good Steals...
- Thread starter AMITBE
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Hi Vicky...the market is not looking too good in the short term.
For Shanti Gears, lets watch what it does tomorrow but it appears to be headed higher regardless of the market. However don't jump in first thing and observe first...it'll probably have a gap-up opening with quick volume build up. Should it come in for some profit booking after yesterday's climb, get in lower if it seems to be going against the market.
S/l is 58-59.
Good luck.
For Shanti Gears, lets watch what it does tomorrow but it appears to be headed higher regardless of the market. However don't jump in first thing and observe first...it'll probably have a gap-up opening with quick volume build up. Should it come in for some profit booking after yesterday's climb, get in lower if it seems to be going against the market.
S/l is 58-59.
Good luck.
Hi ragh_ash...been a while since you visited...been ok I hope.
Carborundum maintains it's good and steady up-trend and does seem set to go higher...was one of the few winners in Tuesday's fall. Infact this is probably the only stock that remained untouched during the pre-Diwali fall where the best lay in ruins.
Obviously there is a very strong fundamental story behind this. The chart suggests a safe and steady capital builder with only moderate moves in either direction.
However the breakout occured at 134 on Monday last week and it's maintaining the grip still. Results are expected quite soon and this is likely a pre-result rally.
As it's going from high to higher at a gentle incline with typically moderate volume over the past few months, it would not be easy to decipher a tear-away breakout. The average days up or down closing price volatility reamins minimal, so a very slight deviation from this would tend to skew indicator readings.
All that aside, it's a good defensive counter for the mid to long term with no apparent downside at this point. S/l at current closing is 133.
All the best.
Carborundum maintains it's good and steady up-trend and does seem set to go higher...was one of the few winners in Tuesday's fall. Infact this is probably the only stock that remained untouched during the pre-Diwali fall where the best lay in ruins.
Obviously there is a very strong fundamental story behind this. The chart suggests a safe and steady capital builder with only moderate moves in either direction.
However the breakout occured at 134 on Monday last week and it's maintaining the grip still. Results are expected quite soon and this is likely a pre-result rally.
As it's going from high to higher at a gentle incline with typically moderate volume over the past few months, it would not be easy to decipher a tear-away breakout. The average days up or down closing price volatility reamins minimal, so a very slight deviation from this would tend to skew indicator readings.
All that aside, it's a good defensive counter for the mid to long term with no apparent downside at this point. S/l at current closing is 133.
All the best.
Hi Shirish, 2790-2820 is an important area for Infy. As long as it maintains position here it's ok. 2885 is what it needs to be in safe territory and below 2760 would go deeper.
However being amongst the best of it's kind world wide, it should remain stable and more so with a little support from a few influencial majors in the index.
It'll sell like hot cakes closer to 2650-2680 if it goes that deep. By sell like hot cakes I mean they'll lap it up.
In the short term it could do with a little pruning down, but then, it'll get taken fast lower down.
In the current scene, it's not Infy alone doing this to itself for flat results.
The general conditions are bearish, and when this improves, perhaps early next week, it should be pretty stable.
Nothing more to say for now.
Regards.
However being amongst the best of it's kind world wide, it should remain stable and more so with a little support from a few influencial majors in the index.
It'll sell like hot cakes closer to 2650-2680 if it goes that deep. By sell like hot cakes I mean they'll lap it up.
In the short term it could do with a little pruning down, but then, it'll get taken fast lower down.
In the current scene, it's not Infy alone doing this to itself for flat results.
The general conditions are bearish, and when this improves, perhaps early next week, it should be pretty stable.
Nothing more to say for now.
Regards.
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