Alstom Projects India Limited

renga73 · #1 9th November 2004, 09:49 PM

Dear Traderji,

I Bought Alstom Projects For Rs140/- And Now It Is Coming Down.

Advice Me Whether I Should Hold This Stock Or It Is Better To Sell Off Now And Enter At Lower Price.

Regards,

Renganathan.c

Traderji · #2 10th November 2004, 10:07 AM

Quote:

Originally Posted by renga73

Dear Traderji,

I Bought Alstom Projects For Rs140/- And Now It Is Coming Down.

Advice Me Whether I Should Hold This Stock Or It Is Better To Sell Off Now And Enter At Lower Price.

Regards,

Renganathan.c

Please indicate as to what were your inputs that made you buy this stocks and for what time frame (holding time).

The above info will help me answer your question specific to you rather in a more general way.

renga73 · #3 11th November 2004, 11:51 AM

Dear Traderji,

ALSTOM RESULT:

April-04 - Sept-04 NPAT -2360 LACS
APril-03 - SEPT-03 NPAT – 1315 LACS

I bought the shares based on the above information.

Growth of profit

Listing of NTPC

My holding period 30-45 days

C.Renganathan

Traderji · #4 11th November 2004, 12:07 PM

First of all you should not buy stocks based on results.

Since you have already bought this stock keep your stoploss at 125.00. This stock recently made a high of 143.00 but was unable to cross its previous top of 145.00. Only above 145.00 will this stock begin a new uptrend.

So hold on to your position and keep a tight stoploss.

renga73 · #5 12th November 2004, 01:09 PM

Dear Mr. Traderji,

Tell me what are the factors to be considered before one decide to buy a share at current market price.

Renganathan.

Traderji · #6 13th November 2004, 06:53 PM

Quote:

Originally Posted by renga73

Dear Mr. Traderji,

Tell me what are the factors to be considered before one decide to buy a share at current market price.

Renganathan.

There are two primary analytic methods for deciding when to take a position in the markets: fundamental analysis and technical analysis. Fundamental analysis involves using economic data and company results to forecast likely future price action. Technical analysis involves analyzing past price action of the market itself to forecast the likely future price action.

While there are differences of opinion about the relative merits of the two approaches, almost all successful traders emphasize technical analysis. There are a number of reasons for this. First and foremost is the difficulty of obtaining accurate fundamental data. While various analyst and research companies these numbers are gross estimates at best. With the current global marketplace, even if you could obtain accurate current information, it would still be impossible to predict future supply and demand with enough accuracy to make profitable trading decisions.

Technical analysts argue that since the most knowledgeable participants are actively trading in the markets, the current price trend is the most accurate assessment of future supply and demand. If someone is correct that for fundamental reasons, prices will likely move up strongly in the future, the participants who have the greatest knowledge and influence on the markets should certainly be moving the price upward right now. If price instead is moving down, a lot of very knowledgeable people must think price in the future will likely be down, not up.

For this reason, almost all successful speculators learn to follow price action and not try futilely to predict turning points in advance. They seek to trade in tune with the large participants who move the markets.

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