Some Good Steals...

[nkpanjiyar]

Hi NK...all Part 2 releases as you must know turn out worse than the originals...you know...like Jaws 2 and Speed 2 etc.
Perhaps I should spare the members that kind of agony and look to bringing the 'now showing' to a hasty climax along the line, eh?

Thanks NK for all the support and wisdom from you.

Hey Amit, you are underestimating yourself. Only I know is that Godfather-II was as hit (to me more hit) as Godfather-I and Bond series movies are garnering huge success one after another. Suggestion was in light of thread getting too bulkier and lengthy to search, hope you too understand and faced the same scenario sometime or other. Nevertheless as a ardent fan I can go to Himalayas also for seeking knowledge.

Thanks,
nkpanjiyar

 

[VICKY_SEEKINGINR]

Hi Vicky...nice to see you again after a while.
Sorry about Ranbaxy...must have missed it amongst the pages here.
Satyam is a strong hold if in with stop at 711.
Closing above 748-752 would make a strong statement for the next leg to 765-770 plus.
I have no idea of your position on this so this is all to write.
Cheers.

Hi Amit
Thanks for Quick Reply, I am only with Ranbaxy.. from long time..
I read the Kotak's recommendation on Satyam.. That's why i asked about
it..

If possible. give some information on Ranbaxy

Thanks

 

[AMITBE]

Anything above 460 is a bullish area for Tata Power.
It's also strong resistance, and when taken out firmly, with some resistance at 473, it should be heading towards 481-489-497-505.
Entry when 460 is taken and strict s/l here is 434.

These calls are for when the market improves and may be noted as such.

Above is from January 10.
It's been testing 500 off now and closing above 505-509 would likely take it towards 515-523-531 in due course.
Hold if in with stop at 483-487.

 

[sanjoy_roy]

Hi Sanjoy...why, of course you are right.
Yes, those are all support levels for Aksh, but in this context we were discussing the s/l levels for Partha considering his entry.
Keep up the study and all the best.

Thanks Amit.

Its great to learn new things and better still to apply the learning and the icing is when a more experienced person give the feedback.

Regards,
Sanjoy

 

[ramram]

it seems that the current rally is powered by stocks from unexpected sectors or shall we call them contra stocks.
i request humbly if starting a thread in this subject by seniors willbe a good idea'
thank you and request positive response from all

 

[roneeth]

Hello Amit,

What are your view regarding Deepak Fertilizers.
Is it forming a Bull Flag in the daily. Flag pole being formed from 101 to 116 , with increased Volumes. Then till now there is consolidation with contracted volume.Can we give a price target of 127. Please advise, I just attempted to read this pattern…..
Please do correct me.

1.Franklin Templeton Mutual Fund has acquired 600000 shares aggregating to 0.68% of the share capital of Deepak Fertilizers And Petrochemicals Corporation Limited on January 24, 2006. The mode of acquisition is Market Purchase and the shareholding of Franklin Templeton Mutual Fund after the said acquisition is 48,97,406 shares aggregating to 5.55% of the share capital of Deepak Fertilizers And Petrochemicals Corporation Limited.

2.The major trigger on the stock is Ishayana, the retail store that's coming outside Pune

Regards

Roneeth

 

[AMITBE]

Hi Amitbe,

How you doing? I know you guys are really busy and replying to this threads must be time consuming as well. I am still waiting for the reply posted earlier.

Now since Bharti is closing above 363 (you said you will advise once it closes above 363), it closed at 372 last time, what do you think from here? Where do you see going from here. As per the info I got it is headed towards 400 by budget. But I like the way you explain things technically. I know it's a solid stock with good fundamentals.

Thanks man

Hi Kooldude...obviously missed your Bharti query earlier, friend.
Well...Bharti did move past 363, attempted 370 plus levels on insignificant volume, and even closed around 370-372 for a couple of days. This is the area it's tested end November last and yet again has fallen back to 363 last close.
In the short term this is a weakness as it hasn't attracted buying interested at the old high...and then dipped again. It would come as no surprise if the price drifts southwards to test 358-362 again and hopefully not any lower. The pullback on Friday came on slightly increased volume.
From a short term perspective it does appear as if there is sluggishness at the line that extends from 358 to 385.
Volume is a must at this point to push it past the range it has been confined to since September. Volume plus resting above 370 for a few sessions should certainly get it through this range.
The assumption was that a move above 363 would draw buyers and volume of course, but it didn't come to be.
It has underperformed this rally since September and the latest results didn't quite shine as they normally do. But on the positive, it didn't quite get taken to the cleaners during the pre Diwali fall like so many other strong counters.
I don't know about 400 by Budget...it may or may not happen. But it will eventually...and well past 400. It's a great company to be invested in.
Don't know your entry so cannot suggest a stop, but around and below 340-345 is a bearish area.
Bye for now.

 

[AMITBE]

Hello Amit,

What are your view regarding Deepak Fertilizers.
Is it forming a Bull Flag in the daily. Flag pole being formed from 101 to 116 , with increased Volumes. Then till now there is consolidation with contracted volume.Can we give a price target of 127. Please advise, I just attempted to read this pattern..
Please do correct me.

1.Franklin Templeton Mutual Fund has acquired 600000 shares aggregating to 0.68% of the share capital of Deepak Fertilizers And Petrochemicals Corporation Limited on January 24, 2006. The mode of acquisition is Market Purchase and the shareholding of Franklin Templeton Mutual Fund after the said acquisition is 48,97,406 shares aggregating to 5.55% of the share capital of Deepak Fertilizers And Petrochemicals Corporation Limited.

2.The major trigger on the stock is Ishayana, the retail store that they are coming out outside the Pune

Regards

Roneeth

Hi Roneeth...very nice. Yes, you could describe that formation on Deepak as a BF with a slight caution that the price action after the 'flagpole' climb had got a bit elongated. For the rest it seems ok. Another positive is the recent dip following the 'flagpole', had tested strength at 101 area which was the peak in mid September from where it had declined sharply to 74 low end October. That 101 off level has given a strong support and a bounce.
At 111 close on Friday, Deepak Fert has stopped a tad short of the high at the 'flag' which was 112.20. The high on Friday was 112 too. The volume increased too, but not the tearaway kind seen at the 'flagpole' climb. So these would be concerns.
As for your projected target, theoratically it is a possibility. On the other hand there may be some congestion going ahead above 116. Much would depend on volume. If there is a strong surge in volume comparable to the recent jump then nothing's going to be in the way except the wider markets of course.
The info on Templeton etc given by you is certainly helping, but if I remember right, the recent results were a bit jaded?

A great sighting, Roneeth. Keep it up.

 

[roneeth]

Hi Roneeth...very nice. Yes, you could describe that formation on Deepak as a BF with a slight caution that the price action after the 'flagpole' climb had got a bit elongated. For the rest it seems ok. Another positive is the recent dip following the 'flagpole', had tested strength at 101 area which was the peak in mid September from where it had declined sharply to 74 low end October. That 101 off level has given a strong support and a bounce.
At 111 close on Friday, Deepak Fert has stopped a tad short of the high at the 'flag' which was 112.20. The high on Friday was 112 too. The volume increased too, but not the tearaway kind seen at the 'flagpole' climb. So these would be concerns.
As for your projected target, theoratically it is a possibility. On the other hand there may be some congestion going ahead above 116. Much would depend on volume. If there is a strong surge in volume comparable to the recent jump then nothing's going to be in the way except the wider markets of course.
The info on Templeton etc given by you is certainly helping, but if I remember right, the recent results were a bit jaded?

A great sighting, Roneeth. Keep it up.

Hello Amit,

Thanks for the feedback, Its really been a wonderful experience being here at traderji and learning a lot from you ,Saint and the other members in the forum.

Sincerely thank you both for your time and efforts in answering my queries.

Regards

Roneeth

 

[kooldude]

Hi Kooldude...obviously missed your Bharti query earlier, friend.
Well...Bharti did move past 363, attempted 370 plus levels on insignificant volume, and even closed around 370-372 for a couple of days. This is the area it's tested end November last and yet again has fallen back to 363 last close.
In the short term this is a weakness as it hasn't attracted buying interested at the old high...and then dipped again. It would come as no surprise if the price drifts southwards to test 358-362 again and hopefully not any lower. The pullback on Friday came on slightly increased volume.
From a short term perspective it does appear as if there is sluggishness at the line that extends from 358 to 385.
Volume is a must at this point to push it past the range it has been confined to since September. Volume plus resting above 370 for a few sessions should certainly get it through this range.
The assumption was that a move above 363 would draw buyers and volume of course, but it didn't come to be.
It has underperformed this rally since September and the latest results didn't quite shine as they normally do. But on the positive, it didn't quite get taken to the cleaners during the pre Diwali fall like so many other strong counters.
I don't know about 400 by Budget...it may or may not happen. But it will eventually...and well past 400. It's a great company to be invested in.
Don't know your entry so cannot suggest a stop, but around and below 340-345 is a bearish area.
Bye for now.

Thanks Amitbe for the response and the great insight. I really appreciate it.

I have made entries at different levels @ 145, 160 and recently at 346. My average is 209.

What do you think about the HFCL counter for a 3-6 month perspective, it has moved pretty quickly in the past few days?

Thanks