Hi Yasir,
Can you please indicate app. holding period for Asian Oil Fields, Valecha Engineerig and XL to reach their target if I buy thenm now at your recomended prices
Thanks
sharantaka
Dear sharantaka,
I am looking at all three stocks from a 3 - 6 months point of view.
Asian Oilfield is finding support at 108 levels and has strong support at 100. If the stock closes above 120, it will shoot up to 140 very quickly. You can buy now and add more when it closes above 120. Stop loss at 100.
Valecha stop loss was triggered and I have exited. 275 seems to be holding for the moment and is a good price for an investor to buy part quantity. However, if you are looking at the short term point of view, i would recommend a buy on Valecha only above 300. That is when strength should come in. Instead of Valecha, you could look at buying Lanco Infratech or Educomp.
XL Telecom is rangebound and may take a while to breakout. I suggest you add part quantity now and add more on a close above 145 for target of 200.
Please look at a different post in the same thread where I've indicated good stocks for 6 months. I will post my technical view on these shortly.
Success,
Yasir.