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Some Good Steals...

Discuss Some Good Steals... at the Swing Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by rajesh.sadhanala Hi Amit, Market looks very volatile today, can u provide me ...


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  #3191  
Old 13th March 2006, 03:57 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by rajesh.sadhanala
Hi Amit,

Market looks very volatile today, can u provide me the s/l for Ambuja cements. However volume looks pretty decent.

Need advice from u Amit. Need to work down more on charts.

Regards
Raj
Raj, from your first query on GujAmb a couple of days ago, it seems you gave entry at 93.
Reply to that query is here: http://www.traderji.com/36315-post3163.html
Nothing has changed on this since the reply and the levels are all valid. Today the cement counters are taking a day off.
Yes the market is volatile...keep a tab on Nifty Fifty which I update regularly.
Good luck.
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  #3192  
Old 13th March 2006, 04:04 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by AMITBE
Hi NK, and anyone in Bharat Forge,
It closed 416.75 last night and now at 433 off after high at 437.
Targets are on track, and raise s/l at 426, or 419 too. It's safe as such, considering your entry around 404.
All the best.
I missed this one as was out of station to my native for 3 weeks during that time. Amit bhai, Bharat forge helped to cross 2L mark. Thanks. CMP - 471. Nearly 50 points added as you mentioned. Great call. Thanks.

cheers,
nkpanjiyar
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  #3193  
Old 13th March 2006, 04:08 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by AMITBE
Hi again NK.
BF at 438 after 444 high. The 50 plus point rise is in line above 440 or 447 close, but possibly after some pullback/consolidation?
I'm still going with 426 s/l.
Cheers.
I'll sit tight

cheers,
nkpanjiyar
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  #3194  
Old 13th March 2006, 04:22 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by AMITBE
Raj, from your first query on GujAmb a couple of days ago, it seems you gave entry at 93.
Reply to that query is here: http://www.traderji.com/36315-post3163.html
Nothing has changed on this since the reply and the levels are all valid. Today the cement counters are taking a day off.
Yes the market is volatile...keep a tab on Nifty Fifty which I update regularly.
Good luck.
Hi Amit,

I entered GujAmbuja @100. Yes I could find the cement counters are taking , definately I will keep myself updated on Nifty Fifty.

At 100 entry, I am unable the calculate the pricestop, So want ur advice on S/L.

Thanks
Raj
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  #3195  
Old 13th March 2006, 10:24 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by pranaviitkgp
Hi Amit!! Hope you are in good health and fine spirits. Your inputs are very much appreciated here.

Well can you give a look at fsome counters:

POLARIS : It is trading at around 116. Is it exit or Hold??
MRPL: Trading around 43-44. Buy or wait??

Thnx and regards!!
Hi pranaviitkgp...This is the reply to your previos post recently on Polaris in case you missed it: http://www.traderji.com/35367-post3017.html
It's a long way from making positive moves going by readings. Watch and see what you'd like to do.
The charts on MRPL are no different from Polaris. Here is a recent post on MRPL: http://www.traderji.com/36297-post3157.html
All the best.
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  #3196  
Old 13th March 2006, 10:56 PM
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Default Re: Some Good Steals...

Quote:
Originally Posted by urcoolpal
hi Amit,

really thanx for your insight on IDBI, Vijaya Bank, Tatatel and Reliance natural. will look up the charts and try n follow.

a few more queries......
what do u see into ........

Mangalam timber---200 Nos. @ 32.10 - CPM 31.55
Ricoauto---50 Nos. @ 84.10 - CPM 81.25
RPG Transmission --- 50 @ 195 - CPM 195.50

what can the future of these holdings be.
what should be the targets for these companies...

Thanx and Regards
coolpal
Hi coolpal...you don't really need to disclose how many stocks you hold, it's personal info. Entry levels are fine.
Mangalam Timber needs to move above 34-36 at least to retain safe grounds, and it's been drifting down on feeble volume. You may just want to pull out close to your entry along the line. I'm sure you'll find decent counters for that price.
Rico recently broke its sideway motion to the down and at this point looks bearish. 76-77 is crucial support and also stop. Above 85-87 will look better.
RPG Trans you got on to a fast moving train and it closed 190.60 tonight. It's a good idea to check how far a counter has been climbing from to figure somewhere along the line it would pullback, to seek entry.
No support levels on the charts in near vicinity, but 76-81-86 could be a support line. The momentum is good, the sector is favoured, so little risk if you hang in.
All the best.
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  #3197  
Old 14th March 2006, 12:23 AM
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Default Re: Some Good Steals...

Quote:
Originally Posted by vizzie
Hi Amitda !!

Nelco is lookin gud.. has taken a beatin today though...
but it is smwhat a risky counter.. on circuits many a time..
But yes gud consolidation it has undergone at current levels..


Also, Taj GVK hotels looks gud for an upmove frm here..
pls do hv a look when u find time..

N yes Amitda, do post the solution to that congestion query I asked u bout.. remmeber IDBI at 95 levels..

Lookin forward to ur reply on that..

cheers
vizzie
Hi Vizzie, a big gapup on Nelco spoilt the party today and closing very near the day's close wasn't a good sight.
You'll notice this kind of a wide range bar (the range between day's high and low) would normally appear at the end of a trend, or at the end of the current leg of a bigger trend. It indicates a temporary topping of the trend where a gapup opening is attempted, doesn't find buyers, the price tests a deep low and closes somewhere there. It doesn't matter that the current bar's low is higher than the low of the previous bar.
Now, what is different here is that Nelco is not in a trending mode but has been sideways since end Dec. So price exhaustion is not an issue here.
Now look at the previous bar. It's also a long range bar, high being 158 and low 145. Open was 152, and close was 158. This was a bullish bar where after opening at 152, the price was driven down to 145, but regaind ground to close right at the day's high. The bulls won the day. This is also the highest since mid Feb.
So the gapup today was likely on account of an attempt at raising the price higher after the previous bullish bar, but it was a high gapup throwing the players into confusion, the volume didn't come in to support the gapup, and finally the gap of even the previous bullish bar got all but filled today: The bar before that bullish bar had closed at 150 off, exactly the same as today.
Possibly the buyers are not yet convinced to pay higher, and the price may drift along sideways for longer. On the other hand the gapup may also indicate an increase in volatility after the recent sedate movement and the price action over the next few days should be watched. A close above 156-161 (see weekly chart) are to be watched before assessing an entry.

TajGVK looks really good with 152 and 158 being the levels to take out from cmp 147.
Will come back with the congestion query soon Vizzie!
Kind of late now.
Cheers.
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  #3198  
Old 14th March 2006, 12:49 AM
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Default Re: Some Good Steals...

Hi...

Gammon India has dropped upto Rs 510 through the sales for the construction sector has been good. Indiabulls has also touched Rs 208 while the Bombay mill case has been in its favor.

Is this a right time to enter in these stock? Please suggest.

Thanks...
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  #3199  
Old 14th March 2006, 02:54 AM
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Default Re: Some Good Steals...

thanx amit ...
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  #3200  
Old 14th March 2006, 10:12 AM
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Default Re: Some Good Steals...

Quote:
Originally Posted by imbrainfever
Hi...

Gammon India has dropped upto Rs 510 through the sales for the construction sector has been good. Indiabulls has also touched Rs 208 while the Bombay mill case has been in its favor.

Is this a right time to enter in these stock? Please suggest.

Thanks...
Hi imbrainfever...some levels for both Gammon and Indiabulls have been given yesterday, do look up the preceding pages please.
Gammon is relatively a risk free counter, but a hold for mid to long term to get the best from it.
Indiabulls has ways to go from here but needs to settle in and consolidate. It's too volatile for entry I'd say, unless from a long term perspective.
All the best.
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