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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #91  Posted: Wed Jan 11, 2012 10:46 am Post subject: BPCL - Update |
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| psalm wrote: | BPCL:
The stock appears weak as of now. However, I have a gut feeling that the stock is about to bottom out, at least for the medium term. I believe that a short term bottom around 445-450 levels will be formed in a few days. So, I'll be accumulating the stock in the range 465-450 with stoploss just below 445. However, if broken below 440, there is possibility of 370 levels, which i believe is a low probability thing.
Note: For the very short term traders, they can consider buying the stock between 455 and 448 with stoploss just below 445. The first target for them will be around 500. |
BPCL is trading around 494 now. One can look at taking profits in the range 495-500 else, they can modify the stoploss to a comfortable level and then can hold the LONG position further. |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #92 Posted: Wed Jan 11, 2012 10:46 am Post subject: ALBK |
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| ALBK Catching momentum |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #93 Posted: Wed Jan 11, 2012 10:48 am Post subject: ALBK |
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| It will test 149 soon murty....if broken, then the next level is 160....in fact, I expect it to test 160....i dont think 149 will offer much resistance...So, its a good stock go Long.... |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #94 Posted: Wed Jan 11, 2012 10:55 am Post subject: sesa goa |
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| How is SESA GOA on charts? |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #95 Posted: Wed Jan 11, 2012 11:03 am Post subject: |
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| hi psalm cn u giv me an idea on icici bnk cn it b shorted at 788 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #96 Posted: Wed Jan 11, 2012 11:12 am Post subject: Sesa Goa |
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Sesa Goa:
It wont be a bad stock to go Long I guess. Support for the stock is at 166.5. The first resistance will come around 195-202 range, above which 225 might be possible. That means if one can have a stoploss below 166.5, he can expect a target of 195, at the least. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #97 Posted: Wed Jan 11, 2012 11:34 am Post subject: ICICI Bank |
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| ragarwal wrote: | | hi psalm cn u giv me an idea on icici bnk cn it b shorted at 788 |
Hi,
If I was in your place, i wont be shorting ICICI Bank. However, if you are interested in shorting, then the resistance is in the area 791-800, especially 796-800 levels. Even if you short it around those levels, your target will be just around 760-750 levels. In my view, it is not much attractive. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #98 Posted: Wed Jan 11, 2012 11:41 am Post subject: SBI |
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| SBI has resistance in the range 1710-1725....if broken this level, one can go long in SBI... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #99 Posted: Wed Jan 11, 2012 11:47 am Post subject: Adani Enterprise |
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| psalm wrote: | | psalm wrote: | Vinod,
The stocks I have mentioned earlier with a negative bias are the ones which are at near their crucial resistances or supports. I have a Bearish View regarding the market. That's why I believe that these resistances wont be broken. Also, you can see that these stocks are not really participating the last up-move. This is my perception regarding these stocks. By saying all these things, I don't rule out an up-move. Another guy might interpret this scenario as a positive one. He might think that, "the resistance will be broken and then can have an up-move". It's up to you to decide which way you want to trade this market.
NOTE: Adani Enterprise is the one I'm very bearish about. The stock is currently trading around 315...if 330 is not crossed on the upside, you can DEFINITELY see levels of 260 (even 210) in a few days, I believe. |
The low made yesterday was 261 (Adani Enterprise). Since, it has achieved the first target, I'm expecting a pullback. One can buy the stock around 265 with stop-loss just below 260 for targets of 290 and 320. Please remember that keeping a stop-loss is very important. |
Those who are holding Adani Enterprise, can book partial profit now. However, if somebody wants to hold it for longer, then can have their stoploss just below 294.  . The stock is currently trading around 303. |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #100 Posted: Wed Jan 11, 2012 12:21 pm Post subject: |
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hi psalm
any timeframe for ur sesagoa tgt of 195? pl!
regs
ridinghood |
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r_venu
White Belt
Joined: 17 Jan 2010
Posts: 20
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| Post: #101 Posted: Wed Jan 11, 2012 12:59 pm Post subject: Jindalpoly and HFCL |
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give me your views on these stocks,please...
reg
Venu R |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #102 Posted: Wed Jan 11, 2012 1:08 pm Post subject: Sesa Goa |
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| ridinghood wrote: | hi psalm
any timeframe for ur sesagoa tgt of 195? pl!
regs
ridinghood |
I expect the stock to reach the target in another 5 to 7 trading sessions. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #103 Posted: Wed Jan 11, 2012 1:10 pm Post subject: Sesa Goa |
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| ridinghood wrote: | hi psalm
any timeframe for ur sesagoa tgt of 195? pl!
regs
ridinghood |
I expect the stock to reach the target in another 5 to 7 trading sessions. |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #104 Posted: Wed Jan 11, 2012 1:11 pm Post subject: |
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thnx psalm brother for ur kind response!
regs
ridinghoood |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #105 Posted: Wed Jan 11, 2012 1:29 pm Post subject: Re: Jindalpoly and HFCL |
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| r_venu wrote: | give me your views on these stocks,please...
reg
Venu R |
Hi Venu,
If the level 205 is broken, then you can expect another 25 rupees in Jindal Poly....I mean, i'm expecting 230 levels once 205 is broken.....
I'll give my opinion on HVCL in my next posting....
Regards
Sam |
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