Some Good Steals...

atulrjoshi · #**1781** 9th October 2005, 11:35 AM

please give me some company names which are in the price band of Rs.20 to Rs.30 and good results in short or long term, waiting for your reply

srisara · #**1782** 9th October 2005, 12:59 PM

Quote:

Originally Posted by koolprakash

Hi Experts,

I had bought some OBC shares recently and have seen 7% appreciation in the past 2 weeks. Analysts advise not to trade in Banking and Steel stocks at the outcome of the Q results.Should I sell OBC or is it a good hold?

Please advise.

Thanks,
KP

If you would like to hold these shares and worried abt Q results, put a stop loss to your trades, any movement against you will minimize the risks and any upside will leave you with good profits.

Satya

sonzy · #**1783** 9th October 2005, 01:34 PM

Hi Amitbe,

Can you comment on ITC, post bonus and post split.
Its currently idle around 128 levels. I started accumulating it from 132 and more on dips and have about 600 shares now. People say the results are good, but would appreciate if you see any good long term targets in that.

Regards, Sonzy.

tomse · #**1784** 9th October 2005, 04:25 PM

Hai Amitji,

Can I have your advice on the following stocks.

1) GE Shipping

2) AArvee Denim and Exports

3) TV 18

4) Induj Enertech Ltd

Thanks
TOM

mail2joshi · #**1785** 10th October 2005, 09:38 AM

Hi Amit,
I have Allahbad bank @ 91 and Centurian bank @19.5
I was reading moneycontrol and this article says *stay away from banking sector*

http://markets.moneycontrol.com/stoc...183202&sr_no=1

Please advise me on my above 2 scrip. I am bit afraid on the market trend/correction now a days

Regards
sjoshi

AMITBE · #**1786** 10th October 2005, 09:54 AM

Hi all...the net connection is at last stable, and will post replies along the way today.
No fresh buying for now. This is the call.
Thanks.

AMITBE · #**1787** 10th October 2005, 10:04 AM

Results today for the ones I track are Indiabulls and Aztec.
Indiabulls numbers are out...quite impressive, and the counter is on the move.
Hope this will trigger the rally back.

brewin_vaz · #**1788** 10th October 2005, 10:15 AM

Quote:

Originally Posted by AMITBE

Hi brewin_vaz...that's a pretty good look you've had. Yes, there is a classy ascending triangle formation from 180 to 220.
About the rising wedge it's not easy to say. The wedge formation, rising or falling, appears very similar to the triangle formation, whether ascending or descending.
In ascending triangles, the line drawn at the top is horizontal, and the line joining it climbs at an angle. Conversely, with descending triangles, the horizontal line is at the bottom with the slanting line slopes down along the peaks of the traiangles to meet it.
With rising wedges, the two lines both slope upwards. The angle of the bottom line is normally steeper compared to the angle of the line at the top. Logically then, the two would convelge at some point.
In the case of the upper line, or the resistance line, a series of highs are formed where the price drops from. Below, the support line is formed on a series of higher lows.
Here the volume is most critical to assess any trend reversal. As the price rises to declining volumes, over a period of time, the higher lows at the bottom line begin to get lower, indicating the first signs of weakness, even as the upper resistance line drops off. The two lines are on a convelging path now.
The trend reversal comes with the clear breaking of the support line.

It's early to say if Bajaj Hindustan is forming a rising wedge. It may well be just a continuation of the trend. Only at a break past 225 with increased volume will the rally come. To the down, a break at 182 may turn it bearish.
BSE has a good charting facility which I use.
Great going, brewin_vaz. Keep it up!

Thanks for your encouragement and explanation, amit. I would definitely want to become a good trader like you guys. I will definitely keep an eye on this stock.

AMITBE · #**1789** 10th October 2005, 10:21 AM

Quote:

Originally Posted by mail2joshi

Hi Amit,
I have Allahbad bank @ 91 and Centurian bank @19.5
I was reading moneycontrol and this article says *stay away from banking sector*
http://markets.moneycontrol.com/stoc...183202&sr_no=1

Please advise me on my above 2 scrip. I am bit afraid on the market trend/correction now a days

Regards
sjoshi

Hi Joshi...can you post where you entered..

AMITBE · #**1790** 10th October 2005, 10:24 AM

Quote:

Originally Posted by sonzy

Hi Amitbe,

Can you comment on ITC, post bonus and post split.
Its currently idle around 128 levels. I started accumulating it from 132 and more on dips and have about 600 shares now. People say the results are good, but would appreciate if you see any good long term targets in that.

Regards, Sonzy.

Hi Sonzy...take a look at this post for ITC:
http://www.traderji.com/showpost.ph...&postcount=1466

Thanks.

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