Agree with Cashgen above.........safer to be in the sidelines for now on this one.Nice pullback on the daily,but the weekly is still iffy.Let a clear trend emerge,and let it demonstrate strength before we jump in.
hey thanks Saint and Cashgen for your valuable inputs. will wait for a visible trend to emerge in the stock.
BTW, is ITC a good entry point at this level? must tell you, i made the biggest mistake when i did nto enter at 125. now it has actually crossed that support level and is steadily moving up. is it worth to enter now or shall i wait for it to dip?
awaiting your valuable replies,
I agree with most of the comments but I feel it might be good from a long term perspective with good fundamentals. It is a major supplier in the original equipment market with its clientele including auto majors such as Tata Motors, Ashok Leyland, Eicher, Mahindra and Mahindra...
Their quarterly and YoY results look good fundamentally..but as experts have mentioned, wait for a momentum to creep in and then take a call.