iCharts Discussions

[psalm]

Most of the famous "Rakesh Jhunjhunwala Stocks" are under huge selling pressure. Orchid, Hind Oil Exp, VIP Ind, Delta Corp, Subex...most of them are under pressure now.

[psalm]

Orchid Chem has support at 101. Multiple supports are converging there at that level. I dont think it will close below 96 on a monthly closing basis. If it goes below 96, then there is another support comes around at 90. So, it is safe to buy between 101 and 96 for long term. If one wants to be a bit cautious, he can put a stoploss just below 90. For medium to long term, the risk-reward ratio will be really attractive at these levels, I believe. Fundamentally, the stock has some issues regarding Forex Losses. Other than that it appears to be a good company, fundamentally.

[vinay28]

RJ's stocks are falling because of a big game, psalm and it repeats every few years, the last being, I think, in 09. Remember, when elephants fight, only the ants die?

I feel we should not look at them till the dust settles.

[psalm]

hahaha....But I'm watching the fight from a long distance....so, i don have to worry......


By the way, if somebody wants to do any intra-day trade in orchid, one can buy it around today's low with stop-loss just below 111. If lucky, the stock can go to 122/123 levels. This is only for Risky Intra-day traders.

[nsk1371]

[psalm]

I'm not an expert to answer your queries. But I have found out a few links regarding this issue from the web. I believe they might help you. Checkout the following links:

http://www.moneycontrol.com/news/market-outlook/arresting-res-fall-needthe-hour-deven-choksey_634139.html

http://www.moneycontrol.com/news/stocks-views/sp-tulsian-commentsorchid-chemicals_633722.html

http://www.moneycontrol.com/news/market-outlook/where-is-jain-irrigationsintex-heading-tulsian-tells_634037.html

http://www.moneycontrol.com/news/market-outlook/power-grid-coal-india-suzlon-check-out-tulsians-take_634275.html

http://economictimes.indiatimes.com/markets/analysis/rakesh-jhunjhunwalas-stocks-fall-up-to-30-since-december-1/articleshow/11139946.cms


Hope, these might answer your questions...

[nsk1371]

thanks sir, very kind of u

[psalm]

Orchid came to the 113 levels again a while back. If anyone bought it around that price for any intra-day gains, they SHOULD keep a STOP-LOSS just below 111. The target for the day is 122.

[psalm]

Orchid Target Achieved. Currently trading at 124.

[pkholla]

[rosecomputers]

jujuwala ............is selling stocks from behind the screen.....
1. First of all at the base He is not comfortable in revealing his portfolio, becoz he fears terrorist would target his stocks.

2. So nothing useful for us in watching his 'so said porfolio'. You would end up in a mess. This is called 'herding' mentality....DEVELOP your own portfolio according to your risk profile....Jhujuwala may have large risk appetite..He may have large cash pocket to hold even heavy loss trade.....CAN YOU?
THINK.

3. For building portfolio watch people posting here in SB. Wait and enter slowly....Search for author VEERAPPAN. IT WOULD BE USEFUL.

4. DO NOT GAMBLE. TRADE OR INVEST.

[psalm]

Hi Rosecomputers,

I'm not concerned or bothered about the stocks Mr Jhunjhunwala holds or the ones he sells. I have heard that this guy is selling part of his portfolio. That's the reason why a few stocks are witnessing huge selling pressure. I wanted to share that information here. Orchid chemical was the worst hit today. So, I thought of checking its chart. I found that there is an opportunity for a trade there and posted that information here. It doesn't bother me if Mr Jhunjhunwala buys or sells his shares. I'm not going to follow him unless I'm convinced that the stock I'm investing is a very good opportunity.

Note: There is a gossip saying that Mr Jhunjhunwala had to bear a huge loss because of his Silver Trades. That's the reason why he is selling part of his portfolio. It shows that he also is prone to error.

[rosecomputers]

Hi psalm,
I think the following link would help u find your answer.I believe this would give a hint on the numbers....No offense with u in my comment...Opinions would surely differ between two traders becoz of the trading views.
ONLY THING I EMPHASIZE, WE ALL SHOULD END UP IN PROFIT.

Good luck in your trades. Bye.

http://businesstoday.intoday.in/story/100-firms-to-redeem-fccbs-next-year/1/16165.html

[vinay28]

In the market, reality is far from what is published. From what I hear, it is "others" who sold RJ's stocks to beat them down.