Satyam is on support. A good time to risk a few bucks. But only a break above 800 will confirm the bull run towards 875. But keep a strict stop loss of 749.
I feel the downside in Satyam is limited. Though the results of this quarter were below expectations, the 1:1 bonus reflects the management faith on the future of the company. I would take this correction as an buying opportunity.
I feel the downside in Satyam is limited. Though the results of this quarter were below expectations, the 1:1 bonus reflects the management faith on the future of the company. I would take this correction as an buying opportunity.
The previous pivot low of Satyam is (756-4) and once it breaks then there is a change is trend. Normally we dont buy a stock that is not in uptrend but keep a risk and reward ratio then u need to keep tight stops.
Once it takes above 805 then it looks continuation uptrend.
The previous pivot low of Satyam is (756-4) and once it breaks then there is a change is trend. Normally we dont buy a stock that is not in uptrend but keep a risk and reward ratio then u need to keep tight stops.
Once it takes above 805 then it looks continuation uptrend.
Record Date for 1:1 Bonus is likely to be only in August..The prices should increase sharply in July end-August. to 52W high figure of 890 at least..so its time to accumulate!!
i'm a novice trader but.. if i can post some opinion then satyam .. looks attractive below 750 levels.. for medium term horizon(3-6 weeks)with a stop loss below.. 735..