Some Good Steals...

[AMITBE]

Volumes continue to be poor, and so everytime the indexes take a dip, the a/d ratio takes a beating.
Happened towards the end again today...
Will get queries in later tonight.
Thanks.

 

[boppanavijay]

Rockwool is looking good technically and is a safe bet

 

[AMITBE]

Hi All,
How about Arvind remedies and Narmada Chematur Petrochemicals Ltd.
What might be the target for 1 month and so.
Thanks sjoshi

Hi mail2joshi...Not much to say about Arvind as it shows to be erratic in the present correction mode. Only a close above 4.50 may indicate a clear trend.
With Narmada Chem too the corrective phase does not appear to be complete. Looking quite volatile in either direction for now, and needs to clear 45 and then 48 for a positive sign. There's no guarentee it will hold on to gains if any.
Mostly it's when volatility becomes minimal that a scrip will establish a clear trend after a sideways movement.
Do update me on this again please.
Regards.

 

[AMITBE]

deepak Fert came outof its consolidation.. next move to 120.. Nagzu

Hi Nagzu...good one my friend. Deepak swung up sharply in the last week of Aug and climbing still for sure. Hope you came in?
Cheers.

 

[satdat]

request advice about ge capital bsecode 500398
thank in advance

 

[naga2054]

Hi Nagzu...good one my friend. Deepak swung up sharply in the last week of Aug and climbing still for sure. Hope you came in?
Cheers.

Yeah, i got in decently for dividend at 66
nagzu

 

[naga2054]

Rockwool is looking good technically and is a safe bet

the volumes look low.. amit, ne comments..?

Nagzu

 

[SSM]

Hi AMit
Got in KTK BANK @ 121.40 what shu be s/l. Shud I average
Thanx

 

[AMITBE]

Rockwool is looking good technically and is a safe bet

Hi boppanavijay...looking good yes, but watch out for 15-16 which has been attenpted thrice since end March and fallen back each time. Not particularly a liquid scrip, but needs more volume. I'd take it passing 16 to be safe with increased volume. Keep watch.
Regards.

 

[AMITBE]

hi amit...
can u check out on shrachi securities ( shrachi infastructure & finance). It did not do so gr8 today. My buy price 54.20... Is it a hold for the time being?

Hi talktoa...on weekly charts it is forming a classic double top which normally signals a trend reversal from bullish to bearish in at least the mid term.
Some times confirming a double top gets tricky as the price can turn around and climb up.
I'd suggest you leave the counter at the earliest opportunity and minimise loss.
Today it opened high at 59 from previous close of 56 then dipped fast. Should there be a pull back tomorrow, use it to exit and take your chances elsewhere.
As I had suggested earlier, there does not seem a lot in the fundaments of the company.
This is my take and I can go wrong too. Do be careful though.
I'd be happy to assist should you come up with something.
Should you ask for something mid-session, do give the code or symbol as we can save time.
Regards.