DHAMPUR SUGAR.....52 Week low

#1
Hi Friends,
Any suggestions on this stock..

Dhampur Sugar on 17/11/06
Bse Close :95.05
Nse Close : 95.10
52 week high/low : 272/94
PE ratio : 7.7

NEWS:
Dhampur Sugar Mills - FY 06 results by Dec 31, 2006

Dhampur Sugar Mills Ltd has informed that the Company has decided to publish yearly Audited Financial Results for the year ended September 30, 2006 with in stipulated period of 3 months. Hence the Company is not publishing un-audited Financial Results (Provisional) for the quarter ended September 30, 2006.

Is it right to enter now?
 
D

darsh_goswami

Guest
#5
I Would Never Go To Catch A Falling Knief,... It Would Definately Hurt...

Better To Wait For Confirmation On Buying Side... If Ur A Swing Trader Then U May Use The Relief Rally In This Stock , Which Might Come Till 105 Or So In Next Upward Momentam...

But As Being A Ta .. I Cant Suggest Anyone To Have This Falling Stock. Its Better To Buy At Higher Price When Ur Confirm About It , Rather Then Buying Cheaper N Loose The Pants...

Regards,...
Darsh
 
#6
I Would Never Go To Catch A Falling Knief,... It Would Definately Hurt...

Better To Wait For Confirmation On Buying Side... If Ur A Swing Trader Then U May Use The Relief Rally In This Stock , Which Might Come Till 105 Or So In Next Upward Momentam...

But As Being A Ta .. I Cant Suggest Anyone To Have This Falling Stock. Its Better To Buy At Higher Price When Ur Confirm About It , Rather Then Buying Cheaper N Loose The Pants...

Regards,...
Darsh
Thank U very much for ur valuable time & information sir......
 
D

darsh_goswami

Guest
#8
I Didnt Check The Chart For Balrampur Chini Yet,...

Dont Even Know Any Fundamental About Sugar Stocks Too...

But In Today's Market All Sugar Stocks Flew ,... And As I Said About Dhampur ... It Went High Tll 102 Or Smething ,.. N Then It Couldnt Sustain Over It ....

Need To Check Charts ,.. Then May Be We Can Start Buying In This Stocks.... But Still Waiting Markets To Be Corrected More...

May Be 600-800 Points More ...

Lets See... When N How We End Up This Swing ...

Regards...
Darsh
 
D

darsh_goswami

Guest
#9
Well Charts Checked For Both Dhampur N Balrampur Sugars...

As Far As Dhampur Sugar Is Concern... Its Better To Wait For 2 More Days Before Entering This Stock.. If It Remains Above 95 Then We Can See Some Buying Along With Accumalation Too.. But If Breaks 94 The Slide Can Continue Till The Level Of 82 Even...

Balrampur Chini... I Dunno How U Enter This Stock @ Adviser...
I Dont Find Any Steam In This Stock At Currunt Levels... Everything Else Other Then The Rsi Is Against This Stock. Only Rsi Showz Its In Oversold Terretory... But We Cant Go Along With Just Rsi... Ya If U Have Any Fundamental Newz About It .. U May Go Long With It...

This Is My Personal View ,.. But Experts Comments R Welcomed...

Thanx
Regards...
Darsh
 

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