Some Good Steals...

[Saint]

Hi Amit/Saint,

Also, I want to know about the prospects of PNB.
I got the shares during IPO and I want to know whether to hold or comeout?

Thanks,
Narendra

Hi Narendra,
Your entry point into PNB was 390.Presume it is for a longer period.Stop losses now at 366.No reason to sell.Not stopped.Tgt not achieved.Is a hold.So far so good.

Saint

 

[AMITBE]

Yes it was news related. Eicher Motors, the mother company is restructuring the group to bail out Eicher, which has been making losses. The jump came on the back of this news, and also on the news that Eicher Motors had made an acquisition of Design Intent Engineering, a Detroit based engineering services provider. This was the trigger, and the breakout did not materialise on weak fundaments of Eicher alone.

 

[Anupama Singh]

Hi Narendra,
I am not sure what really happened with EICHER .....was it news related drop?But charts wise,I presume you entered somewhere around May end.Was a nice breakout on neat volume.....then as expected,it began pulling back.Okay,no problem,so far so good....the problem was when the pullback became a bit too overdone.Once the low of that breakout bar was taken out,this play is no more valid.Once the low of 149.05 was taken out,that's it....we're out,stops triggerred,we look for something else.Technical books will even tell you that this qualifies as a false breakout,and once the low of the bar is taken out,we not only sell but looking to short especially below the base of 145.

Just sharing......so that once this pattern occurs again to us,we'll be ready the next time!

Happy Trading!
Saint

Hi Saint,

Thank you again for the education!

Anu

 

[ssnkumar]

Yes it was news related. Eicher Motors, the mother company is restructuring the group to bail out Eicher, which has been making losses. The jump came on the back of this news, and also on the news that Eicher Motors had made an acquisition of Design Intent Engineering, a Detroit based engineering services provider. This was the trigger, and the breakout did not materialise on weak fundaments of Eicher alone.

Yes, suddenly it raised steeply on this news.
But, anyway, I don't have that shares now and no worry!

-Narendra

 

[ssnkumar]

Hi Narendra,
Your entry point into PNB was 390.Presume it is for a longer period.Stop losses now at 366.No reason to sell.Not stopped.Tgt not achieved.Is a hold.So far so good.

Saint

It is going to 425 and coming back to 390 levels!
That was the reason for my worry.

Anyway, thanks to you and Amit, I have made up my mind to wait for more profits

-Narendra

 

[ssnkumar]

Hi Narendra...PNB you've done very well with taking it at the IPO. It's a great scrip amongst the banks, and an upside will come soon enough. Not going into techs here, but it's a hold at least till the coming result season. Take it from there, is what I would do.
What's up...you've been missing lately?

Thanks for the encouraging words Amit.
I have decided to hold it.

I have been visiting the site regularly and also getting email notifications (which is very helpful).
But watching silently
I am waiting to get some money to buy some more stocks.

All your posts have been very helpful in creating a profitable portfolio.

Thanks,
Narendra

 

[ssnkumar]

Hi Narendra,
I am not sure what really happened with EICHER .....was it news related drop?But charts wise,I presume you entered somewhere around May end.Was a nice breakout on neat volume.....then as expected,it began pulling back.Okay,no problem,so far so good....the problem was when the pullback became a bit too overdone.Once the low of that breakout bar was taken out,this play is no more valid.Once the low of 149.05 was taken out,that's it....we're out,stops triggerred,we look for something else.Technical books will even tell you that this qualifies as a false breakout,and once the low of the bar is taken out,we not only sell but looking to short especially below the base of 145.

Just sharing......so that once this pattern occurs again to us,we'll be ready the next time!

Happy Trading!
Saint

Saint,

That was a helpful tip. I need to learn this analysis.
I don't have much time to study these and hence depend completely on the tips posted here

Thanks,
Narendra

 

[AMITBE]

KtkBank now attempting to take out 123 with a burst in volume...Target is 135 first.
Indiabulls needs to clear 129 which was attempted earlier without success...fallen back but the volume is good.

 

[ragh_ash]

Thanks for the encouraging words Amit.
I have decided to hold it.

I have been visiting the site regularly and also getting email notifications (which is very helpful).
But watching silently
I am waiting to get some money to buy some more stocks.

All your posts have been very helpful in creating a profitable portfolio.

Thanks,
Narendra

hi ssn
how does one get email notifications?
i have registered but don't seem to get any?
ragh_ash

 

[dinkerj]

GV Film was much talked abt. I bought at 2.14, 1.94, 1.79. Its falling continuously.Any hope to go up in near future?