Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

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  #1  
Old 29th April 2008, 11:15 PM
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sagesurya is on a distinguished road
Thumbs up Stock Watch- Glenmark Pharma, Aban Offshore,Rolta



Glenmark pharma remains my favourite pick in the pharma space as it continues to trend up nicely. Watch out for the stock.

Similarly Aban Offshore is one of my favourite stocks in the oil exploration space. We had traded the stock last time from 3000 to 5000 and it seems that the stock is ready to make some explosive moves in the coming times.

In IT ,Rolta looks promising once it crosses 330-340 levels.

Still I would be cautious around 5050 levels. We need a strong momentum on the upside to really take a dash at 5300 levels. One good thing is the abundant “scepticism”,so that might limit the downside.

For aggressive traders,there are many good short term trading opportunities. If you are good in managing your risk, you can make some decent money.

- SageCapital
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  #2  
Old 30th April 2008, 10:40 AM
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Default Re: Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

Glenmark looks like it has got legs to go up much more right now,looks like it will outperform the market....keep it on your radars
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  #3  
Old 7th May 2008, 11:20 PM
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Default Re: Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

Glenmark is performing OK. Rolta might take some more time to go up. Aban is stuck in a range. Once it crosses 3750 it might reach 4120 - 4150 very quickly.
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  #4  
Old 7th May 2008, 11:54 PM
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Default Re: Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

Glenmark may consolidate at this level, enough run.
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  #5  
Old 9th May 2008, 10:45 AM
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Default Re: Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

Aban offshore has broken out and looks set to reach 4200 in short term and if that level is crossed 4500 is possible(next 1-2 weeks).
A stop around 3700-3750 is advised.

-SageCapital
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  #6  
Old 9th May 2008, 05:15 PM
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Default Re: Stock Watch- Glenmark Pharma, Aban Offshore,Rolta

Quote:
Originally Posted by sagesurya View Post
Aban offshore has broken out and looks set to reach 4200 in short term and if that level is crossed 4500 is possible(next 1-2 weeks).
A stop around 3700-3750 is advised.

-SageCapital
Stop Loss hit and heading back to 3400. Whats the advise now? Can this be termed as a false upmove?

- Hitesh
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