Some Good Steals...

[shrinivas]

hi amitda,

sorry sorrry sorrrrrry...just 3 consequtive post in a row.....
I had started investments bluntly from past some time..when I cross checked this in Nov., I saw that I made a profit of roughly 20000/- on investment of 50000/-...though god knows why I was not satiesfied (Grrreadddddd takes over concious)..then again poured in money (which was more than the earlier one)...made good profits...but I was you know, buying and selling in 7-8 days..now god knows why, but i was into profits all the time...I was doing all through HDFC (where you get no advise and have to use own brain)..then god knows why I opened account with indiabulls..these people asked me to buy some stocks which were wrong to choose at that time..they came down and still I held them and luckily got out at profits....they then asked me to buy mtnl which I bougt and you know the story thereafter...there advises proved hazardous and i brought down my profits drastically....when I look back, I feel that I could have made good profits if not gone on the line of their advise and was making good profits else....i brought down my profits due to some wrong buys and sells....still as always, I'm a happy man....amitda, but still, does this happen with everyone....and will i recover this year......what are the chances of appreciation this year...still waiting for your suggestions for buys...

ganeshhity

 

[AMITBE]

Hi amibe I have entered bilt at 132.6, bharti @ 377, escorts today @ 88.2. wouldappreciate your views. bye

Hi mkshekar, on BILT a crossover at 134-137-140 is important to get ahead though above 134 may seem bullish area. 122-124-128 is good support area.
For Bharti, see this recent post: http://www.traderji.com/35571-post3052.html
Escorts has nothing in the charts going for it. There is supply overhead, with supports between 80-85 and stop here. It's the kind of counter that'll loose more than a few teeth in a fall as compared to BILT or Bharti.
Wait and see how it does, as lately it has covered ground.
All the best.

 

[AMITBE]

Hi amitda,

Just another query...I had taken a lot last week (Bharti) at 401..cmp around 385, what is the future...I mean, though I'm very sure of recovery, what should be the price for me to sell...what should I expect from it.

ganeshhity

Hi Ganesh, yes it'll recover by and by and for now RCVL seems the favoured counter of the sector.
See this recent posting on Bharti: http://www.traderji.com/35571-post3052.html
The suggested s/l there is for those who came in lower. Your entry is high, but wait it out is all I can say.
All the best.

 

[rvgandhi]

Escorts has nothing in the charts going for it. There is supply overhead, with supports between 80-85 and stop here. .

Dear Amitbe

am a newbie and a learner of TA.. can you please explain how you analyze a stock and understand that there is supply overhead... have seen this term being used quite a bit and was always curious as to what TA indicators are used to determine this... your guidance is deeply appreciated

rgds

 

[ragh_ash]

hi amitbe,
how do we detect supply over overhead?
regards
ps: i have losing position in escorts

 

[jntrade]

Hi Amit,
I am a new member.Being afraid of the market fall i cleared all my scrips a week before.(balrampur chini @ 161,Hind lever @ 242 etc)Now sitting in cash seeing market going high and high.
I have gone through your thread and you are a good analyst!I also seen your Nifty Fifty postings.since you are watching market a long time can you tell me whether entering and holding these scrpis during correction is a good idea?
Also can you tell me what impact will a 10% index correction will do to my scrips?If i am a full time trader is it better to enter the market through strong scrips than to wait for a correction that may or may not happen?(I,m tired waitng!)
Help me

 

[rahulg77]

hello All,

A very happy holi to all the members of the forum. Amit i had a query. When u say gammon is a safe game. Do you reach this decision based on technicals or also do u refer to some fundamentals. Also what indicators do u use when u study the stock and also what ratios do you consider in fundamentals if you use them. Also if you would know a good site to get financial data for companies if you do use fundamentals. I am sure a brief explanation will help new entrants like me to see more important details. Not a relevant topic on this particular thread. However i would really appreciate if you could explain it here or on another thread.

Another thing I would like to ask and request of all senior members here is to start a thread with 4-5 case studies of listed companies. You all can give complete analysis of the company and how you have analysed it. I think this will be a great way to learn and help us develop our analysing skills with all your experiences. It would be time consuming and maybe for many a waste as they would like to discuss shares which will give profits but i think it will be a great help for all serious new learners here.

I would request all senior members to give their comments /suggestions /criticisms regarding my request. And if anyone viewpoint coincides with my viewpoint we can start a new thread with their help.

Regards

Rahul

 

[swapnil007]

hi amitbe
this is swapnil here agian after a long time i m hold a few good fundamental stock want your sugestion on it

1 A K capital @ 85 at a P/E of 3 to 4

2 vadilal enterprice @ 95

3 npr finance @ 27 a P/E of only 2

4 faze three exports @ 17

what do u say what should my strategy on this stocks do they look good to you and can i buy more of this sotcks.

 

[mail2joshi]

Hi Amit/All,
Wish you a very and colorful holi.

AmitDa one more query.. Union Bank of India

I entered into UBI@113 , so is there any target for this scrip.

Please advice

Regards
sjoshi

 

[AMITBE]

Re: NELCO, Kir Oil Engines and Asahi india glass

hI AMIT,

Am focusin on this new sector DEDENCe,,in india we do not have the likes of Raytheon and Boeing but the sctor might be an outperformer goin forward considering the uptick in defence budgets.

Couple of stocks which looked interestin in this sector were NELCO (504112)and kirloskar oil engines (500243)..the former is a supplier to indian army and the latter to indian navy..

Nelcos chart wer lookin ineteresting to me with a fair bit of consolidation for the last few weeks...

KOEL has a strong support at ~182...

Do u suggest taking positin in these stocks..


Another pick but fm a diff space is Asahi india glass..nedd ur views on that as well..

BTW am stil hodin on to Cummins India..thanks a ton
Regards
Gaurav

Hi Gaurav, this is a post from day before yesterday on Nelco while answering Vizzie:
http://www.traderji.com/36583-post3200.html
Not a lot has changed on the latest bar, a small 'Doji' in Japanese Candlestick parlance, for Vizzie's benefit. (It's a small bar, Vizzie, where open and close are about the same after a high/low of similar range. A Doji can be an important signal in a trending chart, which Nelco is not, and further there are several such bars in the vicinity, so no significance.)
Nelco is still sideways till the levels mentioned in the link above give confirmation of an upside.

Kirloskar Oil looks better as far as formations go...an ascending triangle. A close above 216-219 with volume is to be looked for.
Asahi is a stand aside for now. How it deals with supports at 102-105 should be watched. Closing above 113 can be looked in again.
Cummins is ok still, as long as it can hold above 240-245.
All the best Gaurav.