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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #766 Posted: Tue Feb 07, 2012 2:31 pm Post subject: Re: Hi, Sam your views on PTC and Biocon. |
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vishyvaranasi wrote: | psalm wrote: | vishyvaranasi wrote: | Sam,
had bot PTC Yesterday at 55.10 now CMP 54.00 and Biocon at 284.70 now cmp 282.50 can u give ur views upon these two. |
Sorry, I missed the stock PTC...
The stock PTC has good support in the range 53-51.5 range. However, below that level, the stock will be weak. On the upside the stock will have momentum once it crosses 55 levels again. The target would be 59.
Regards,
Sam |
Hi Sam,
Well will always conbfuse wether the lvls r to be considered on a closing basis on or any intraday basis. Pl. clarify me. |
I'll mention it if it is on closing basis. However, if not, consider it as intraday basis...
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #767 Posted: Tue Feb 07, 2012 2:33 pm Post subject: Re: Hi, Sam your views on PTC and Biocon. |
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psalm wrote: | vishyvaranasi wrote: | psalm wrote: | vishyvaranasi wrote: | Sam,
had bot PTC Yesterday at 55.10 now CMP 54.00 and Biocon at 284.70 now cmp 282.50 can u give ur views upon these two. |
Sorry, I missed the stock PTC...
The stock PTC has good support in the range 53-51.5 range. However, below that level, the stock will be weak. On the upside the stock will have momentum once it crosses 55 levels again. The target would be 59.
Regards,
Sam |
Hi Sam,
Well will always conbfuse wether the lvls r to be considered on a closing basis on or any intraday basis. Pl. clarify me. |
I'll mention it if it is on closing basis. However, if not, consider it as intraday basis... |
K SAM THNX
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #768 Posted: Tue Feb 07, 2012 2:33 pm Post subject: Re: BHEL |
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psalm wrote: | BHEL:
264 is a very good support for the stock....The stock is trading around 265 now...If interested, one can buy the stock at or around 265 with a stoploss below 264....
Sam |
STOPLOSS triggered for the BHEL buy call....stock is trading around 263 levels now...
SAM
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #769 Posted: Tue Feb 07, 2012 2:45 pm Post subject: RCOM |
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Reliance Communication:
RCOM has support around 88-89 range. The stock is trading around 90 now. One can buy the stock in the range 88-89.5 with a stoploss below 87.5. The target here is 104 and 114.
NOTE: If not interested in holding the stock or Futures, there is nothing wrong in buying CALLs.
Regards,
Sam
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #770 Posted: Tue Feb 07, 2012 2:49 pm Post subject: Re: RCOM |
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psalm wrote: | Reliance Communication:
RCOM has support around 88-89 range. The stock is trading around 90 now. One can buy the stock in the range 88-89.5 with a stoploss below 87.5. The target here is 104 and 114.
NOTE: If not interested in holding the stock or Futures, there is nothing wrong in buying CALLs.
Regards,
Sam |
sAM,
sORRY TO BOTHER U CONTINUOSLY THRE LVLS U HAV MENTIONED R FOR CASH LVLS RIGHT. EVEN THOUGH WE BUY IN FUTURES
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #771 Posted: Tue Feb 07, 2012 2:56 pm Post subject: Re: RCOM |
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vishyvaranasi wrote: | psalm wrote: | Reliance Communication:
RCOM has support around 88-89 range. The stock is trading around 90 now. One can buy the stock in the range 88-89.5 with a stoploss below 87.5. The target here is 104 and 114.
NOTE: If not interested in holding the stock or Futures, there is nothing wrong in buying CALLs.
Regards,
Sam |
sAM,
sORRY TO BOTHER U CONTINUOSLY THRE LVLS U HAV MENTIONED R FOR CASH LVLS RIGHT. EVEN THOUGH WE BUY IN FUTURES |
The levels, i'm mentioning here are all spot levels.....If not, I'll mention it....If you are interested in buying it in futures, change it accordingly......
Regards
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #772 Posted: Tue Feb 07, 2012 3:29 pm Post subject: Re: Chambal Fertilizer |
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psalm wrote: | psalm wrote: | ESNMURTY wrote: | Hi, Psalm,
How good is CHAMBAL FERT to buy @90 |
Hi Murty,
I had given my opinion about the Chambal Fertilizer around 2 months back. You can check the thread in the following link:
http://www.icharts.in/forum/chambal-fertilizer-t3966.html
I was expecting the stock to hit 65 levels with 84 as an important level to cross on the upside. The stock has gone to 72 levels and then bounced back. However, till the last day of January, the stock was not able to cross the 84 level on a closing basis. After closing above 84 levels for the first time in almost 2 months, the stock has spent almost 3 days above that level. The stock has now closed above another major resistance level of 88. It shows the strenghth. Now, one can think about buying it if there is a correction. Any correction upto 86-84 range can be bought. A target of 101 or 102 is possible for the stock within a few weeks. Immediate resistance for the stock is around 91.5-92. Immediate support for the stock is around 88 and then 84 levels. I don't expect the stock to go below 80 from here onwards. As long as the stock is above 80, the stock will be in an uptrend.
Note: This stock has been a relative outperformer. If the market goes to around 5700 or 5800, this stock has enough strength to reach 120-125 levels. Any changes in Govt Fertilizer policy might be the trigger the stock is waiting for now.
Regards,
Sam |
The high made today is 91.25...currently trading around 87 levels... |
The stock is trading around 86 levels. I hope, one will be able to buy the stock around 84 tomorrow....
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #773 Posted: Tue Feb 07, 2012 6:40 pm Post subject: |
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Sam
Posting RCOM Chart with fib.retracements.Today closed at 90.90
90 is 38.20% retracement level 87.6 is the 50% level ...so on.
Attaching a chart for your ready reference.
Now the question is at what level we can go long with what SL?
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #774 Posted: Wed Feb 08, 2012 8:30 am Post subject: |
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rk_a2003 wrote: | Sam
Posting RCOM Chart with fib.retracements.Today closed at 90.90
90 is 38.20% retracement level 87.6 is the 50% level ...so on.
Attaching a chart for your ready reference.
Now the question is at what level we can go long with what SL? |
Hi Rk,
The stock RCom has closed at 90.90 yesterday. That means the next support is around 87.60 as per your levels. I have checked the levels again yesterday. 83-84.5 is the range the stock has considerable support. If somebody can wait for those levels, then its fine. However, if someone feels that they might miss a good opportunity to go LONG in this particular stock, there is nothing wrong is going LONG around 88-89 levels. Today, I expect the stock to hit 89 at the least. Also, I have checked the levels with other pivot systems and I feel that 88-89 is a good level to enter the stock.
Another factor that I have considered is that the telecom sector has had some profit taking already. So, one can expect some LONG position from here onwards, if people are bullish about the overall market. That's why I feel that there is chance of a LONG trade in RCom.
NOTE: For a very conservative trader, buying around 84.5 with stoploss below 83 wont be bad. But I'm not sure, if the stock will reach there in this move.
Regards,
Sam
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #775 Posted: Wed Feb 08, 2012 9:17 am Post subject: Re: RCOM |
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psalm wrote: | Reliance Communication:
RCOM has support around 88-89 range. The stock is trading around 90 now. One can buy the stock in the range 88-89.5 with a stoploss below 87.5. The target here is 104 and 114.
NOTE: If not interested in holding the stock or Futures, there is nothing wrong in buying CALLs.
Regards,
Sam |
The low made today is 89.1....
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sachin2278 White Belt
Joined: 13 Jun 2011 Posts: 21
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Post: #776 Posted: Wed Feb 08, 2012 9:26 am Post subject: Gail |
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hi, Sam . Provide some view on Gail. i hve bought @ 388.......
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #777 Posted: Wed Feb 08, 2012 9:42 am Post subject: Re: Gail |
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sachin2278 wrote: | hi, Sam . Provide some view on Gail. i hve bought @ 388....... |
Hi Sachin,
Gail is trading around 384 now. Immediate support for the stock is in the range 380.5-382. However, for a positional trade, the stoploss should be just below 374. The stock has lots of resistances in the range 390-405. The stock can be termed bullish only when it breaks 405 levels.
Regards,
SAM
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #778 Posted: Wed Feb 08, 2012 9:43 am Post subject: Re: RCOM |
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psalm wrote: | psalm wrote: | Reliance Communication:
RCOM has support around 88-89 range. The stock is trading around 90 now. One can buy the stock in the range 88-89.5 with a stoploss below 87.5. The target here is 104 and 114.
NOTE: If not interested in holding the stock or Futures, there is nothing wrong in buying CALLs.
Regards,
Sam |
The low made today is 89.1.... |
Stock has found some support at 89 as expected and is trading around 91 now.
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #779 Posted: Wed Feb 08, 2012 9:46 am Post subject: |
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psalm wrote: | psalm wrote: | psalm wrote: | Reliance Infra:
Reliance Infra has support in the range 537-542. The stock is trading around 543 now. One can buy the stock in this range with stoploss below 535 for a target of 600/640. This is a bit risky if the market witnesses profit booking, but the risk-reward is tempting.
SAM |
The low made today is around 540....currently trading around 552..... |
Relinfra is trading around 557 now....the low made today is 542....and the high is aorund 560.... |
Reliance Infra is trading around its high now....current price is around 568...The high made today is around 569.
SAM
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #780 Posted: Wed Feb 08, 2012 9:54 am Post subject: Re: India Cements |
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psalm wrote: | psalm wrote: | India Cements:
The stock is looking good for a target 107-110. Immediate support for the stock is around 93. Immediate resistance is around 96.5.
SAM |
The stock is trading around 95 now...There is nothing wrong in buying the stock if it comes around 94 levels, I feel. One can buy it around 94 with a stoploss below 93.
Sam |
India Cements is not moving much now....current price is around 95 now.....If cautious, there is nothing wrong in modifying the stoploss just below 94.....Else, they can continue holding it with the same stoploss as mentioned earlier (below 93).
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