Some Good Steals...

[ramram]

hi amitbe , saint ,........
excellent work guys! any information on "MORGAN STANLY GROWTH FUND "
ON NSE

 

[AMITBE]

Hi Amit,
here are a list of stocks I entered in recent past. Though I hate to bother you too much, but market climbed from 6000 to 9500 (since i started trading), my net portfolio is showing loss. Reason is, I do analysis in such a way that only i understand what I am doing (and ofcourse market doesnt understand that and so doesnt follow my prediction).I thank you and saint as I really made money on your reco (to compensate the loss I incurred on my self analysis )
In last few days I entered in few stocks:
MTNL - 140
Infy - 2855
Bongai refinery- 73
SAIL- 50
Ashok Leyland- 30
VSNL-370
Bombay Dye- 360
GAIL- 277
Visual Soft (your reco) - 240 (below SL described by u 232, but am holding as u too holding it )
Bharti- 333 again your reco
HIMSEI (ICICI code) - 142 -- Saint's reco
Escorts - 82 (perhaps my mistake. I am obsessed. Saint warned to touch this stock, but I couldnt resist)

Also, I am in heavy loss in:
Shyam Tele -- 123
Guj NRE -- avg 130 (now 94!!! Thinking of selling it)
IDBI -- 106
Bank Of India- 135 (crossed SL. Sold 1/3rd at 126. Now 123. )

Your view on these stocks pls.

Hi dinkerj...if I may, I'll do these in lots starting with the ones in heavy losses.
Shyam Tele: At 103 currently in the midst of a rather sideways but a distictly volatile move for now. Seems without a clear trend and could easily pass by as a bearish phase, but for the fact that it's major lows have been higher than the previous ones since August. Hold and wait as 95-96 support area appears to be firm. A close above 105 would lend a greater degree of safety and it's not too far from where it's now. A close above 109-110 would begin to look nice. Although here it's bellow some congestion, should it take 110-112 with volume you could see your price coming soon then.
GujNre: There's no justification for holding this so deep at 94 now where it's fallen below critical supports at 100-103. But as you have done so you could see it stablising around 85-90. Below this it'll go into prolonged consolidation. Taking the 106 mark is the only salvation at this time and 109 would be a gift.
Something's surely happening at this counter and I suggest you do some research and find out. Fundamentally there is no call for this kind of a drubbing.
Bank Of India is awaiting a good move which can come soon. You are fine here. A move above 131-135 will set it up nicely.
From my calls, you are up on Bharti and above 352-355 it'll move well. Since early September it's been in a sideways correction and holding well so far despite some technical weakness. I'd given s/l at 322-323, but as you entered at 333, keep it at 328...you are down in so many.
Visualsoft has gone above the s/l given by me, but should it threaten to break it again, please do exit. You can come back to it later lower down if 220 holds well. To the up, it needs to go beyond 244-247 to gain momentum and as and when it does, expect 250-258-264 first. If 264 is taken, 270-275-280 would be within range.
Will come back to the rest in a day or so.
All the best.

 

[AMITBE]

Hi Amit,

Thanks a lot.

I have been researching this stock Royale MAnor (bse code-526640; cmp 25.25;50 EMA ~ 23).

Facts abt the company -

1) Industry - Hotels
2) FY 2004-05 - turned around with a profit ~50 lakh after being in losses for 4 continuous years
3) Taj Hotels (the Tata grp - Indian Hotels) had taken a 20 year management contract for one of its hotels based in ahmedabad in 2001. goes by the name of Taj Ummed Residency
4) Seasonality - Business is best beween October to March. chked the quarterly results for lst 4 years

Think with a TATA parentage added to it and the upturn in the hospitality industry ..this stock is poised to do well in the coming few quarters...

Need some advice on the TECHNICALS of the stock

Hi Gaurav...Royale Manor looks pretty good to me for the reason that grave downside does not appear to be a major concern. The pre Diwali fall didn't break it down where the penny counters got a thrashing. That is strength enough, and what little it lost it swiftly regained and more. That's even stronger.
It's in a nice quiet sideways motion at 25.45 and above 27-28 will test 30-32-34. S/l here at 25 off is 22.50.
Follow up when you like.
Regards.

 

[AMITBE]

Amit, it seems Maruti is under breakout from the triangle formation. Can you plzzz have a look and comment.
Thanks,
nkpanjiyar

Yes NK...a winner of a move. It's been confined mainly to 645-665 since early December. Breakingout now if you're in, look for 712-716-722-726first. 726-736 can see resistance and if taken, 750-760 is a possibility.
680-687-694 are immediate crucial supports.
Cheers.

 

[Saint]

Originally Posted by sanjoy_roy
Hi Saint,

Would like to know the the future prospects of these companies. I am looking for a 3-month horizon.

1. BSEL Infrastructure
2. Diamond Cables
3. Monnet Ispat
4. DCM Shriram Industries
5. RTS Power Corporation &
6. G M Breweries

Thanks,
Sanjoy

Hi Sanjoy,

Am extremely sorry about this very late reply.......this is the busiest thread in our forum and sometimes things could get buried somewhere.Once again,sincere apologies.

BSEL INFRA :This one was going sideways for sometime but demonstrating strength on Friday.Nice breakout with high volumes.You could buy here and add over Friday's high of 51.If this does not take out the highs,you could add on a pullback.

DIAMOND CABLES :So far we have a weekly making higher pivot lows for now,but still in the middle of a pullback.Watchlist for now.

MONET ISPAT :Looking good as well.Would have prefferred it around the 189 area.If you are in,still looking great for a HOLD.If planning an entry,either on apullback or if it can go past 226.If you are entering at 226,place your stops at 196 and share size accordingly.

GM BREWERIES :Too extended for my comfort levels,would rather see how things pan out on a pullback before planning an entry into this one.

RTS POWER CORP :Here again a breakout on the weekly,buy the pullback or once it breaks over 81.

DCM SHRIRAM CONS : Once again,looking good.Put in a breakout on Friday.Buy the pullback.
As always ,the type of pullback has to assessed This weekly bar has an opening at 93,low of 88.45,high of 109.75,and a close at 109.05.The pullback cannot negate the wide range breakout bar,meaning if you get a pullback to 1/3rd-1/2 of the breakout bar and with relatively less volumes,this pullback is a continuation and a reaffirmation of this stock's bullishness.If we have a pullback to more than half,the bullishness of this breakout bar is in question.If we go back to the whole length of the breakout bar,this breakout bar has been totally negated.Not only is this not bullish,but a sign of bearishness to come.So,the type of pullback has to be assessed as well.

All great finds,my friend.Either you've been doing this for some time,or you have a great eye for a beginner.Either way,great going.

All the best!
Happy Trading!
Saint

 

[Saint]

Hi Sanjoy,

He usually replies promptly if you go to New Intermed Uptrend thread.He may not see your question here.

Regds,
Dhanya

Hi Dhanya,

Thank you for PM-ing to me about Sanjoy's question,had actually missed it.The replies to this awesome thread sometimes come at too alarming a rate that sometimes one tends to miss out on a few.

But thanks again!

Saint

 

[Saint]

hi amitbe , saint ,........
excellent work guys! any information on "MORGAN STANLY GROWTH FUND "
ON NSE

Thanks Ramram,

Thanx for that compliment,maybe the right forum for a reply to that question would be the MF Disc.Forum..........personally I do hold a few funds,but have no idea about the above.Maybe ColJaspal or somebody else with MF knowledge could help you out over at the MF forum.

All the best!
Saint

 

[rangarajan]

Dear Amitji,
yr analysis of Shyam tele is excellent.I was in this stock for the past 6 months with a resonable exposure for investment purpose for a horizon of 6-8 months.The target was 140-150.Relevent charts are available with me.Unfortunately,there was no momentum & hence exited ,making a small profit only.As rightly pointed out by u,the stock now is inside bar & gives buy signal above 106 & sell below 99.There is good support bet 90-92.If one has patience,profit opportunity is there.
Reg Escorts ,opportunity would come shortly to exit profitably.
While on the subject,i feel there is good scope in andhra bank & bharat bijlee with one yr 100% appreciation.
ranga

 

[kooldude]

Hi,

This is the best forum I have seen so far. I have been trading and learning about stock for quite some time now.

I would like to know and get your advice on couple of stocks:

1. IT People (India) Ltd. Formerly Balwas e-Com: I had entered into this during the IPO at Rs10.00, currently it is trading at Rs104+, I have already booked profits on this at Rs80.00 level, it will be splitting sometime soon now probably next month. Due you think it is still a hold or sell?

2. Bharti Tele: I entered at Rs160.00 and still holding. Though last week I entered again at Rs349.00, what do you think about this scrip?

3. PNB Gilts: Entered at Rs30.00, hold or buy more, I'm more of a long term investor.

4. Tata-tele: Entered @ Rs12.00, hold, buy or sell?

Thanks

Hi Saint/Amitbe,

I'm not sure if you missed on this one....thanks again

 

[Saint]

Hi Saint/Amitbe,

I'm not sure if you missed on this one....thanks again

Hi Kooldude,

Nice handle........

BHARTI TELE :Your entry was 160.BHARTI is now at 345.Great going.Raise your stop loss to 302,and enjoy the ride.

ITI :Once again,nice gains.Taken some handsome profits at 80.Now at 104 and looking higher.HOLD.

PNB GILTS :Since more of a long term person,wait for now.Buy over 25 to add to your current position.Also looking good.

TATA TELE:Raise ur stop to 25.Get out if triggerred.At present,it's forming a symm triangle on the monthly.A breakdown and a close below 25 and we may see lower levels.

Great going on all..........for long term investing,the fundamental take is vital which I am sure Amit or somebody with that knowledge could add.

Happy Trading!
Saint