Skumars Nationwide Ltd......58.1

Hello Everyone,

SKNL today has closed at 58.1. Since last 25 trading days stock is making higher bottoms. Stock is moving with constant line of supply and rising line of demand. Here I am presenting the technical chart of SKNL.

{Click the chart. After opening of the chart page, click icon below the chart on the right side. This will expand the chart to normal size for best view}

The pattern which I have underlined is of "Ascending Triangle". Still some blank space has to be filled or the stock has to cross this level of 58 with volumes and conviction. That will be a "Breakout".

Strong close above today's level will propel the stock to 62 plus.

Kishore

Hanung Target 155 Achieved.

Hello Everyone,

Hanung did achieve target of 155 last week itself. It even crossed 160. Still it is ruling above 150. Any close above 160 with volumes will give a sharp upsurge in the price.

Kishore

Buy Hanung Toys.......Target Price 155.

Technical Call: { 29/6/2011 }

Hanung Toys & Textiles today has closed at 143.35. Stock has closed up 14% by huge volumes.

Stock should cross 155 in coming days.

Buy Hanung in two tranches for a target price of 155.

 

Kishore

GTL LTD.............CLASSIC CASE OF FAST-FURIOUS FALL.

GTL LTD........CLASSIC CASE OF FAST-FURIOUS FALL.

Hello Everyone,

This is not the first time that a "stock" has fallen so fast and furiously. Let me remind few instances which became history in Indian Markets.

Few years back United Spirits had fallen in one single day from 800 levels to 500 levels and recovered in few days.

Few quarters back Orchid Chemicals had fallen to two digits and recovered in same way.

Reliance Infra had fell 23% in one single day and recovered all its losses in few days itself.

Same was with Core Projects, stock had fell to 151 levels and recovered to 235 on the same day and still trading much much above it.

SKS Microfinance fell to 260 levels and recovered and even crossed 400 in these days. Today too the stock is 377.

Same fate was with Sun TV and recovery too is so fresh in our minds.

Now it is GTL.

On Thursday 16th June stock was 408, on Friday 338, on Monday it fell to 127.95. Tuesday, after making high of 148 closed at 123.30. Wednesday, 22nd June, it has closed at 116.

Fundamentally, nothing is wrong in the company. At this rate the valuations are very attractive. Stock is available below its Book Value! Stock available at 5-Year Low.

So many rumors floating in the market. That might be Mauritius treaty, inability to raise funds, default on FCCB's, sell-off on pledged shares and many more. 

What I could understand the basic selling first came from Fear, Speculation, which got converted into proprietary selling. Clients and Big Boys who had got funding in front of this share who were unable to meet the margin requirements were forced of "automatic" selling. Now this type of selling can happen at any rate irrespective of the fundamentals

Such are the cases where we get so ridiculous valuations. During Ketan Parikh era GTL had made high of 3500 and low of 48. At that time GTL was something different, today it is alltogether different. Today stock is available at very low PE multiple. Such are the opportunities for "Accumulation". In today's time hardly any house will recommend. First they will accumulate and then come with "Buy" Report.

I will go with Sir Warren Buffett and his follower Shri Raamdeo Agrawal. Pay a Fair Price to your company. Such opportunities dont come everyday, but when coming grab them.

It is what Price you are paying for a good company and how much time you are holding will determine the rate of return.

I dont mean here that stock cant fall more. Markets can behave irrationally. Stock can fall more, but do use now these rates for accumulation.

Stock should be ACCUMULATED at every 20/- fall.

When accumulating in such cases one should give a decent time period, atleast 2-3 quarters of HOLDING.
I strongly believe at some depressed "Price" all the "uncertainties" and even "bad" news gets discounted. Somewhere the "Value" emerges.

Happy Investing

Kishore

Accumulate Bombay Dyeing.........369.

1/06/2011...........1:40 pm

Hello Everyone,

Since last one month plus Bombay Dyeing was in falling mode. Stock was falling from 415 levels. Stock made a bottom formation at 330. With some consolidation, now the stock has started moving up.

Since last three days stock is making White Candle. Volumes too are supportive. On Technical Charts it looks something like "Saucer Formation".

With start of "saucer formation" one should definitely Accumulate the stock.

So my strong advise would be to Buy Bombay Dyeing in two tranches. First at CMP of 369 and second at 350's if available.

One can expect a Price Target of 393 plus in coming days.

Happy Investing, Safe Trading

Kishore

Target Price for Oracle Achieved!!!

Hello Everyone,

Oracle { OFSS } recommended a fortnight back has achieved its Target Price of 2200 plus. The stock today is up by some 14% plus, trading at 2240 with good volumes.

Good day to book major Profits. Keep small holding for coming days.

Kishore

Accumulate Oracle Financial Services Software Ltd.......2105

15:10, Monday, 25/04/11

Hello Everyone,

Oracle Financial Services Software Ltd { OFSS} is up by 5% and is now available at 2105.

Stock was first in downward mode but now has given a good bottom of 1950. It has bounced back from that level making it a very strong support.

Stock should be accumulated in two tranches, first at these levels and second in the range of 2040 to 2060.

Stock should give a Target of 2200 plus. Now only worry here is this stock carries very low volumes. So my advise would be to accumulate in small-small quantities only.

ACCUMULATE ORACLE WITH TARGET OF 2200 IN SHORT TERM.

Happy Investing, Safe Trading

Kishore