| View previous topic :: View next topic |
| Author |
GHCL and Prakash Industries is there more downside |
navendu78
White Belt
Joined: 29 Sep 2014
Posts: 4
|
Post: #1  Posted: Tue Mar 24, 2015 11:33 pm Post subject: GHCL and Prakash Industries is there more downside |
 |
|
From last few weeks i'm following the prices of two stocks GHCL and Prakash Industries. As per the technical chart they are in major down trend and i'm not able to decide to buy them or not at this level.
GHCL
CMP- 57.35
RSI has gone below 20 means in oversold zone.
Prakash Industries
CMP- 36.95
RSI has gone below 20 means in oversold zone.
Are these companies worth investing as GHCL when we look at the performance of the company for last 5 years it is making profits and paying dividends regularly. |
|
| Back to top |
|
 |
|
| |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #2 Posted: Wed Mar 25, 2015 2:58 am Post subject: |
|
|
| Why these two...... Are they in the best sectors ..... Are they the most hefty dividend paying companies.......are they consistently showing profit growth...... Have you regularly bought and traded them in the past....... If yes may be look to buy some other.......RSI can consistently remain below...... And even divergences can fail...... I have no knowledge of fundamentals of these companies and hence the above comments......search for VInays thread " individual stocks" and you shall find some......then you can do your own research on them or others as well....... |
|
| Back to top |
|
|
amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
|
| Post: #3 Posted: Thu Mar 26, 2015 11:10 pm Post subject: Re: GHCL and Prakash Industries is there more downside |
|
|
| navendu78 wrote: | From last few weeks i'm following the prices of two stocks GHCL and Prakash Industries. As per the technical chart they are in major down trend and i'm not able to decide to buy them or not at this level.
GHCL
CMP- 57.35
RSI has gone below 20 means in oversold zone.
Prakash Industries
CMP- 36.95
RSI has gone below 20 means in oversold zone.
Are these companies worth investing as GHCL when we look at the performance of the company for last 5 years it is making profits and paying dividends regularly. |
Both these stocks are showing no signs of reversal (as per my analysis)
GHCL can move below 50 say 48 before reversing (However IPO listing of INOX WIND can move it some what higher without any change in trend)
PRAKASH is having some corporate governance issues also better to stay away |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
