Some Good Steals...

[hvram]

Hi
I have purchased a sizeable quantity of Maral Overseas at 55 . It seems to be going down further and further and ended up today at 34.50 . Can you please advise what to do? Should I sell now or should i hold on for better days

Regards
Hari

 

[vinsu]

Vinsu, brining this up again.
Kernex Microsystems had just tested support at 243.05 and attempting a pullback at 245.
This is the weakest I've seen it since your query.
If 240 looks like being breached, let it go though I don't see a lot of downside the way it's held on above 252 and 264.
Had started buying in small quantity on Friday, and adding some today. Over a period of time would build a decent position in this as it could be a dark horse over the next few months.
All this is to update you and not a buy call...in case you see it.

Dear Amit,,
Saw this and all your posts . I am your great fan . As for Kernex , it could be a multibagger . Started buying in small quantities from 252 ,, today added some at 243 .. Watching closely . Thanks for all the support and your attention on this .
Regards
Vinsu

 

[rahulg77]

Hi Amit,

I am a new member here. Just joined in yesterday. interesting to see hiw many people actually participate and a place to get value reading. I had a few queries. I had invested in Riddhi Siddhi at 171 levels and it went upto 210 and is again down to 185 levels. The company has given prefrential shares to a french comapany which is a euro 2billion company and they will be giving it strategic support. Riddhi Siddhi is into glucose and i found the financials decent and i see appreciation in the near future. Would like your view on the same as well as IPCL and Ankur drugs. I think ankur drugs will give us 20 to 30% return on our investment at current levels on a annual basis.

Rgds
Rahul

 

[AMITBE]

hi,

would like to know your opinion on these stocks

IVRCL INFRA. cmp 935 - split announced Rs 2- effective price Rs 185-190
strong results- Huge order bookings.Above Rs 4500 cr approx.

Subhash proj-FV Rs 2- cmp 145 Also good results and well order bookings

ABG SHIPYARDS cmp 345 very good results and order bookings.

Torrent Pharma cmp 970 - split Rs 2 announced-Effective price Rs 195
good results too.

Numeric Power cmp 335 --Good results- batteries inverters business.

Helios matheson cmp 215-- good results- bonus track record ( twice 1:1 in
2.5 years)

thanks

sharv

Hi Sharv...I suppose you've had a close look at the fundamentals of all these.
Mostly they all look decent on the charts too, on mid to long term, except Helios matheson which is taking some hammering recently.
If there is anything specific, do let it by here when you like.
Regards.

 

[srinivasud]

Hi Srinivas...I'm sorry I had missed this earlier.
Let's wait and see what happens in the markets over the next little while, before we think of taking new positions.
Do keep checking the various threads and if you have any issues with entry and s/l levels for any thing you fancy, do bring it up.
All the best.

Thanks Amit,

Eagerly waiting for.


Thanks & Regds
Srini
[email protected]

 

[AMITBE]

Hi Amit,

I am new to this forum ---- in a learning path. I want your comments in the
following. I am enclosing the daily line chart of STC india. Can the trend pattern
be called an ascending triangle? If it is, then should I wait for the breakout
or positions can be taken for short term, every time price come near the lower line?
Another thing --- it seems that for the last 8 months the scrip is in uptrend.
I don't know much about this company's business, only I have seen the results for the last few quarters ---- they look good. In the last quarter profit is higher than previous one on year basis, but sales figures dropped.

Regards,

Babun

Babun...will do this tomorrow please. Thanks.

 

[AMITBE]

Re: Agro Dutch

Hi Amitda !!

Hope ur doin real gud..
wonderfully explained.. amazin..
am sure lots of em cmng our way..

cheers
vizzie

Hey vizzie...and great going too. Been tracking your posts and see lots of TA there. Keep it up.
Cheeres.

 

[AMITBE]

hi amitbe good analysis...liked clarity

Thanks bharatk8.
I am more and more of the thought that TA is more to do with scratching below the surface of the basic price/volume chart, daily and weekly mainly. A lot of information can be gleaned from here itself.
Most indicators don't do a lot for me, and I hardly ever use them.
At a learning stage they are good that they open the eye to detail, but at a point can clutter the vision too.
This is my personal experience.
All the best.

 

[dinkerj]

Re: TA Books

Hi partha,
Its a good idea that ur going for TA seriously by reading a book.

Follow this thread
http://www.traderji.com/books/466-recommended-books-technical-analysis.html

Personally i have purchased "Technical analysis Explained" by Martin Pring..
U can get it from firstandsecond and if u bargain on their chat support u can get discount of 15%.

Best of Luck
ML

I purchased Book no.-1,2,3 of the suggested link in pdf. If you are comfortable with reading electronic book, we can share price.

 

[AMITBE]

Hi
I have purchased a sizeable quantity of Maral Overseas at 55 . It seems to be going down further and further and ended up today at 34.50 . Can you please advise what to do? Should I sell now or should i hold on for better days

Regards
Hari

Hello Hari...it seems Maral is technically quite weak, especially on the weekly where it's coping with a h&s, a bearish pattern. A break below 33 would confirm the pattern and 30 levels may form base support.
To the up, a close above 45-47 would negate this.
Check the results for a few past quarters etc to see if these is any fundamental strength here before deciding.
It may stablise around 30.
All the best.