Help:Sasken and rolta

[koolfriend4u]

rolta stopped out by sharekhan too today.

Happy trading

-koolfriend4u

 

[TRADERSHIVA]

Hi all..

What is 123 agreement...
So that which cause the Rolta to fell down..

 

[koolfriend4u]

Hi shiva

yep rolta is one of the company which is going to get benefitted by this agreement.

but recent fall may be due to short covering i hope. it is script with 40% promoters so dont go panic.

I believe in the next month (after its results) it will come to 509- 549 level.

To me for a long term it is a good script.

but for short term it will test to 400 level.

http://www.traderji.com/attachment.php?attachmentid=6437&stc=1&d=1190047946

Happy trading

-koolfriend4u

 

[n_datar]

Sir,
I bought sasken for rs 382 and rolta rs 511, since then it is falling.What should i do. is their any fundamental changes had occur in these scripts? Please guide me.

Thanks in advance
pankaj

I can answer from a fundamental perspective.

Sasken had a very bad quarter in Q1-FY0708 where there profits dropped by 30% both on the operating profit side and the Gross profit side. Hence the stock got hammered thereafter and broke the all time support level of 490-500. It is a high PE stock so hold it with caution else exit.

Rolta has had good result and does not too expensive. However the entire sector is out of fancy so Rolta is also suffering as a result of that. You will need to have patience on this if you are a long term investor.

Regards
Nikhil

 

[koolfriend4u]

Dear nikhil

U r rit... but have u observed rolta today ?

The support @ 432

As per fibonacci chart i expected to boom from 432 levels...even tried to buy at that level within that it went to 444 & 450+

I hope it will reach the near target of 466 level.

if it goes beyond 432(down side) 411 a strong support is thr.

Lets hope for the best

Happy trading

-koolfriend4u

 

[TRADERSHIVA]

Thank You all Guys..


Shiva...

 

[koolfriend4u]

Syn 2020

U Can Hold Rolta Further For A Tgt Above 510+

Happy Trading...

-koolfriend4u