Some Good Steals...

[AMITBE]

Hi Amit,
Had another query have been stuck with Welspun India....
had purchsed @124...now its at 110 odd....
could you please advise...

Regards,
Dheeraj M

Hi Dheeraj...chart's not a good sight. At 109 now the next support line is around 100, then 95.
The dropping sideways move on weekly is taking support at 106 and 100 so watch this area.
To the up, a break above your entry is the minimum required for any biggish move.
It's your call Dheeraj, you are a fundamentals player and would know what's going on there.
All the best.

 

[AMITBE]

Hi Amit,

Would like to know your views on PIRAMYDRET. It looks to be forming an ascending triangle ready to break out if it closes above 220.

Regards
chachi

Hello Chachi...trendlines again.
See daily chart, and the descending triangle. (Black trendlines)
Breaking above this, Piramyd has begun to form what looks like early days of an ascending triangle.
Yes, the top line is 220.

The same is visible on the weekly too, and in addition, a close above 215 on a weekly basis turns the trend to favour the longs.

I'm not sure if you saw the last reply to you on SonaSteer.
Will be uploading another chart on it tonight.

All the best.

 

[alok]

Dear Amit.. still waiting your views on 'Emami'... Somehow, I entered in it at 241 with small quantity.. it is moving with a steady rate and today it was quoting 265... More Lights Please...

Dear Amit,

One more counter of some interest but not talked about in the forum is 'Emami'... I want to get your view before entering in it. I thought of entering at about 190 levels couple of months ago but somehow I did not.. and now it is quoting around 240.. but charts is still looking good. Your comments would be ultimate.

Thanks.

 

[saamy]

I hold 150 pricol at 50.63. From the past two days it has moved up on quite good volumes due you think its a positive breakout for the stock.

 

[ssnkumar]

Hello Amit,

Can you please let me know the prospects of Valecha engg (BSE Code: 532389)?
I have few shares about at Rs.341 and today it is at 358.
So, do you think it will do good in the near future?

Regards,
Narendra

Any views on this and also on K.S.Oils (BSE Code: 526209)?

Regards,
Narendra

 

[AMITBE]

Dear Amit.. still waiting your views on 'Emami'... Somehow, I entered in it at 241 with small quantity.. it is moving with a steady rate and today it was quoting 265... More Lights Please...

Hi Alok...sorry to have missed this earlier, and a great trade panning out for you.
Ride it out as far as it'll go...I'd say a first target of 300 and the stop also coincides with your entry.
Some step up levels from cmp 274 are: 283-289-295-301-307-313. Once price is above a mark, it acts as a strong support.
Do track and let me know.

Main concern is volume. The last 100 points have come on diminishing volume.
Other than this there's nothing on the down side in the charts as of tonight.

Great going and all the best Alok.

 

[chachi]

Hello Chachi...trendlines again.
See daily chart, and the descending triangle. (Black trendlines)
Breaking above this, Piramyd has begun to form what looks like early days of an ascending triangle.
Yes, the top line is 220.

The same is visible on the weekly too, and in addition, a close above 215 on a weekly basis turns the trend to favour the longs.

I'm not sure if you saw the last reply to you on SonaSteer.
Will be uploading another chart on it tonight.

All the best.

Hi Amit,

Thankyou so much.

I am sorry I didn't acknowledge your comments on SonaSteer, though I saw it as soon as you posted. After all I was not known to be a loyal student in responsive terms . Sorry to dissapoint you. But I assure you I am one of the very keen student of you, always trying to learn and always waiting for your replies.

Looking for your further lessons.

PIRAMYDRET close price - 210.5. Below 215. Does this mean taking longer time than expected to come out of triangular formation???

Regards
Chachi

 

[shrinivas]

amitda,
bags cleared again...what do you suggest now...what should i take in my portfolio........please suggest asap.....and is elder a buy at current levels (430)...

all investments are in a target of 2-3 months...

thanks in advance.....

ganeshhity

 

[chachi]

Hi Amit, I started to love this. Love to trouble you

I came across SREINTFIN through a google group. It caught my attention and I am able to see a descending triangle formation. The last trading day seems to have broken the descending trend and an upward move/breakout may be on the card. Support is at 52. MACD Histogram, Stoichastic and EMAs all indicate them on Weekly and Daily charts (thats what I read). If I make an entry at current price how can I set the target for the trade? To me 80, should be the first target. Am I right? Please correct me where ever I am wrong.

Regards
Chachi

 

[ragh_ash]

Hello Chachi...trendlines again.
See daily chart, and the descending triangle. (Black trendlines)
Breaking above this, Piramyd has begun to form what looks like early days of an ascending triangle.
Yes, the top line is 220.

The same is visible on the weekly too, and in addition, a close above 215 on a weekly basis turns the trend to favour the longs.

I'm not sure if you saw the last reply to you on SonaSteer.
Will be uploading another chart on it tonight.

All the best.

hi amitbe,
thx for analysis for piramyd. am in too. also waiting for stock to show movement.
can u look at AIA engg please.
regards