Views about Satyam

#2
EquityTracker said:
Hi ppl,

I am wondering whether this is the right time to buy Satyam(CMP=762) with a short-mid term point of view.


Thanks,
EquityTracker
I think Satyam has a support at around 740... depends on market sentiment
 
#3
EquityTracker said:
Hi ppl,

I am wondering whether this is the right time to buy Satyam(CMP=762) with a short-mid term point of view.


Thanks,
EquityTracker

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.

Jai
 
#4
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.
 
#5
alok said:
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.

Hi Alok,

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.

Happy trading
Raj
 
#6
Totally Affirmative...

rajesh.sadhanala said:
Hi Alok,

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.

Happy trading
Raj
 
#8
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!!
 
#9
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..

regds.

sanefellow_213
 

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