BHARTI - SHORT TERM: WEAK LONG TERM: WEAK PREVAILING BIAS:WEAK
Bharti has no price or volume trading momentum. It may be a value buy but it is not a trading play. If you have it hold it. If you are planning to buy it for a trade, Avoid till volumes go to 3-4 times 3 month average. The odds are Bharti is going to drift to around 300 levels. On the upside, it will need to break 370 before any real uptrend
http://www.ashudutt.com/
Sunday, October 31, 2010
BHARTI - www.ashudutt.com
BHARTI - SHORT TERM: WEAK LONG TERM: WEAK PREVAILING BIAS:WEAK
Bharti has no price or volume trading momentum. It may be a value buy but it is not a trading play. If you have it hold it. If you are planning to buy it for a trade, Avoid till volumes go to 3-4 times 3 month average. The odds are Bharti is going to drift to around 300 levels. On the upside, it will need to break 370 before any real uptrend
http://www.ashudutt.com/
Bharti has no price or volume trading momentum. It may be a value buy but it is not a trading play. If you have it hold it. If you are planning to buy it for a trade, Avoid till volumes go to 3-4 times 3 month average. The odds are Bharti is going to drift to around 300 levels. On the upside, it will need to break 370 before any real uptrend
http://www.ashudutt.com/
DELTA CORP - www.ashudutt.com
DELTA CORP - SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: NONE
There may be a day trade or a 3-4 day trade in Delta corp. Its starting to move again on strong volumes. And since this stock tends to move in patches but makes big moves in those patches, worth a short term trade with a stop loss 5% below the price you have the trade
http://www.ashudutt.com/
There may be a day trade or a 3-4 day trade in Delta corp. Its starting to move again on strong volumes. And since this stock tends to move in patches but makes big moves in those patches, worth a short term trade with a stop loss 5% below the price you have the trade
http://www.ashudutt.com/
ZYDUS WELLNESS
ZYDUS WELLNESS - Ashu's Call: Hold, Current Price:540, Target Price: 600, Holding Period: 6 months
The stock has very low flowing stock. 72% is held by promoters and another 20% by Institutional Investors. So any big purchase order will push this up
http://www.ashudutt.com/valuepickslive.aspx
The stock has very low flowing stock. 72% is held by promoters and another 20% by Institutional Investors. So any big purchase order will push this up
http://www.ashudutt.com/valuepickslive.aspx
BIOPAC
BIOPAC - Ashu's Call: Hold, Current Price: 16, Target Price: 25, Holding period:12 months
Biopac has expanded capacity by 50% and its product menu of disposable dinnerware is growing at robust rates
http://www.ashudutt.com/valuepickslive.aspx
Biopac has expanded capacity by 50% and its product menu of disposable dinnerware is growing at robust rates
http://www.ashudutt.com/valuepickslive.aspx
FINANCIAL TECHNOLOGIES -www.ashudutt.com
FINANCIAL TECHNOLOGIES- SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Financial Technologies is a trading and momentum dud. Its got neither price momentum or volume momentum indiating an aversion in terms of buying interest. Avoid if you are thinking about it. If it is a short term trading bet, let it go
http://www.ashudutt.com/
Financial Technologies is a trading and momentum dud. Its got neither price momentum or volume momentum indiating an aversion in terms of buying interest. Avoid if you are thinking about it. If it is a short term trading bet, let it go
http://www.ashudutt.com/
FINANCIAL TECHNOLOGIES -www.ashudutt.com
FINANCIAL TECHNOLOGIES- SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Financial Technologies is a trading and momentum dud. Its got neither price momentum or volume momentum indiating an aversion in terms of buying interest. Avoid if you are thinking about it. If it is a short term trading bet, let it go
http://www.ashudutt.com/
Financial Technologies is a trading and momentum dud. Its got neither price momentum or volume momentum indiating an aversion in terms of buying interest. Avoid if you are thinking about it. If it is a short term trading bet, let it go
http://www.ashudutt.com/
CITY UNION BANK - www.ashudutt.com
I already discussed City Union yesterday. Please check this linkhttp://www.ashudutt.com/stockupdate.aspx?StockUpdate=RHDFH45746HDGHDGH
May I request you to check at this link to see my latests comments
http://www.ashudutt.com/stockupdate.aspx
May I request you to check at this link to see my latests comments
http://www.ashudutt.com/stockupdate.aspx
IVRCL - www.ashudutt.com
IVRCL - SHORT TERM: WEAK, LONG TERM WEAK, PREVAILING BIAS: WEAK
This is not a trading stock. It will have to break very strong resistance at 170 and 180 to get anywhere higher. Right now the drift is downwards
If you have it as a trading play, let it go
http://www.ashudutt.com/
This is not a trading stock. It will have to break very strong resistance at 170 and 180 to get anywhere higher. Right now the drift is downwards
If you have it as a trading play, let it go
http://www.ashudutt.com/
GREAT OFFSHORE - www.ashudutt.com
GREAT OFFSHORE - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
This stock has absolutely no interest from institutional investors or traders. It is in a long term decline on pathetic volumes
Avoid
http://www.ashudutt.com/
This stock has absolutely no interest from institutional investors or traders. It is in a long term decline on pathetic volumes
Avoid
http://www.ashudutt.com/
GREAT OFFSHORE - www.ashudutt.com
GREAT OFFSHORE - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
This stock has absolutely no interest from institutional investors or traders. It is in a long term decline on pathetic volumes
Avoid
http://www.ashudutt.com/
This stock has absolutely no interest from institutional investors or traders. It is in a long term decline on pathetic volumes
Avoid
http://www.ashudutt.com/
PHILLIPS CARBON BLACK - www.ashudutt.com
PHILIPS CARBON BLACK - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
The stock is in a state of collapse. If it drops below 200, its next resistanc is 180. I doubt it will stop there. It has a strong resistance at 140. You see in stocks like this there is no volume. Which means any motivated buyer or seller who places an outlanding order (lets say buy 5 lac shares) can either take a stock to a upward or downward freeze
Such stocks then, don't make for good trading plays because you are at the mercy of whoever tries to muscle the stock
Avoid.
http://www.ashudutt.com/
The stock is in a state of collapse. If it drops below 200, its next resistanc is 180. I doubt it will stop there. It has a strong resistance at 140. You see in stocks like this there is no volume. Which means any motivated buyer or seller who places an outlanding order (lets say buy 5 lac shares) can either take a stock to a upward or downward freeze
Such stocks then, don't make for good trading plays because you are at the mercy of whoever tries to muscle the stock
Avoid.
http://www.ashudutt.com/
NOIDA TOLLBRIDGE - www.ashudutt.com
NOIDA TOLLBRDIGE - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
This stock has broken through the 34 support without a hitch. It has no support now till it gets to 26 and thats where it may be headed. Another sign of no trading interest is the falling in volumes and a continous and painful decline
http://www.ashudutt.com/
This stock has broken through the 34 support without a hitch. It has no support now till it gets to 26 and thats where it may be headed. Another sign of no trading interest is the falling in volumes and a continous and painful decline
http://www.ashudutt.com/
ANDHRA BANK - www.ashudutt.com
ANDHRA BANK - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Unless Andhra Bank gets to 160 and then to 140, the long term charts still look strong. What seems to be happening in the short term is there is some concerted selling of banking stocks by bigger investors. Its never a good idea to average and its specially not a good idea to average if a stock's been falling for a couple of days at higher volumes
You can hold the stock unless it starts to come close to 160. So, perhaps a hold with a stop loss at around 162 may be good for current holdings
http://www.ashudutt.com/
Unless Andhra Bank gets to 160 and then to 140, the long term charts still look strong. What seems to be happening in the short term is there is some concerted selling of banking stocks by bigger investors. Its never a good idea to average and its specially not a good idea to average if a stock's been falling for a couple of days at higher volumes
You can hold the stock unless it starts to come close to 160. So, perhaps a hold with a stop loss at around 162 may be good for current holdings
http://www.ashudutt.com/
BANK OF MAHARASHTRA - www.ashudutt.com
BANK OF MAHARASHTRA - SHORT TERM: STRONG, LONG TERM:STRONG, PREVAILING BIAS: NONE
Bank of Maharashtra's short term and long term charts indicate a strong uptrend. It may however not be a day trade or a 3-4 day trade. If you have it hold it. The trend is intact.
Immediate support is at 75. If you are a day trader, let it go if it goes to 75. Longter term supports at at 60. So it may be best to trade it for 30 day with a stop loss at 75 or at 70
Bank of Maharashtra's short term and long term charts indicate a strong uptrend. It may however not be a day trade or a 3-4 day trade. If you have it hold it. The trend is intact.
Immediate support is at 75. If you are a day trader, let it go if it goes to 75. Longter term supports at at 60. So it may be best to trade it for 30 day with a stop loss at 75 or at 70
NHPC - www.ashudutt.com
NHPC - SHORT TERM: RANGEBOUND, LONG TERM: RANGEBOND, PREVAILING BIAS: STRONG
NHPC is a "range" trading stock. So you will get a range of 28-32 or 28-34. But you are not going to end up making any money. Money is only made in strongly trending stocks (either day trending, swing trending or long term trending) and NHPC is not one of those
http://www.ashudutt.com/
NHPC is a "range" trading stock. So you will get a range of 28-32 or 28-34. But you are not going to end up making any money. Money is only made in strongly trending stocks (either day trending, swing trending or long term trending) and NHPC is not one of those
http://www.ashudutt.com/
GVK POWER
GVK POWER - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
GVK Power is very weak in the short term. If it breaches the support of 40,get out of this stock. For an uptrend to be established it will have to cross 45 and even if it does, it will get stuck at 50. Essentially a range bound stock making it difficult to make money. But given that it is falling on falling volumes shows a lack of interest in the stock and the odds are it will drift below 40
http://www.ashudutt.com/
GVK Power is very weak in the short term. If it breaches the support of 40,get out of this stock. For an uptrend to be established it will have to cross 45 and even if it does, it will get stuck at 50. Essentially a range bound stock making it difficult to make money. But given that it is falling on falling volumes shows a lack of interest in the stock and the odds are it will drift below 40
http://www.ashudutt.com/
INDIA GLYCOLS
already commented on India Glycols. Please see this link
http://www.ashudutt.com/stockupdate.aspx?StockUpdate=RHDFH45746HDGHDGH
May I request you to see if I have already commented in the last 2-3 days on your stock before posting your query. You can find all the stocks I commented on in this link http://www.ashudutt.com/stockupdate.aspx
http://www.ashudutt.com/stockupdate.aspx?StockUpdate=RHDFH45746HDGHDGH
May I request you to see if I have already commented in the last 2-3 days on your stock before posting your query. You can find all the stocks I commented on in this link http://www.ashudutt.com/stockupdate.aspx
UCO BANK - www.ashudutt.com
UCO BANK - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS:STRONG
UCO Banks still has very strong long term charts. If it breaks 120, we will have to review this but as of now the charts are strong. What I believe is happening is that one or two institutions have been offloading their UCO bank holdings for the past 3-4 trading sessions(the selling comes 2-3 large lots a day). Such selling gives the impression that a rally is over. But that may not be the case. So lets say the institution is out of the lot it wanted to sell. And tomorrow another institution starts to get in. You get the same effect of a strong upward move for 3-4 days(as UCO has demonstrated in early October)
If you have it, hold it. But you must review this at 120 and at 110
http://www.ashudutt.com/
UCO Banks still has very strong long term charts. If it breaks 120, we will have to review this but as of now the charts are strong. What I believe is happening is that one or two institutions have been offloading their UCO bank holdings for the past 3-4 trading sessions(the selling comes 2-3 large lots a day). Such selling gives the impression that a rally is over. But that may not be the case. So lets say the institution is out of the lot it wanted to sell. And tomorrow another institution starts to get in. You get the same effect of a strong upward move for 3-4 days(as UCO has demonstrated in early October)
If you have it, hold it. But you must review this at 120 and at 110
http://www.ashudutt.com/
RCF - www.ashudutt.com
RCF: PLEASE SEE COMMENTS ON RCF I MADE TODAY ON THIS LINK http://www.ashudutt.com/stockupdate.aspx?StockUpdate=RHDFH45746HDGHDGH
Please check if I have already made a comment on a stock in the past 2-3 days in this link http://www.ashudutt.com/stockupdate.aspx
Please check if I have already made a comment on a stock in the past 2-3 days in this link http://www.ashudutt.com/stockupdate.aspx
CENTURY TEXTILES - www.ashudutt.com
CENTURY TEXTILES - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Century Textiles in very weak in the short term and its made worse by a very sharp drop in volumes. It may head to 480. But I don't see it holding at 480 either. The next support base is 450. In order for it to make any real uptrend, it will have to cross 550 which seems unlikely in the short term
http://www.ashudutt.com/
Century Textiles in very weak in the short term and its made worse by a very sharp drop in volumes. It may head to 480. But I don't see it holding at 480 either. The next support base is 450. In order for it to make any real uptrend, it will have to cross 550 which seems unlikely in the short term
http://www.ashudutt.com/
INFOSYS - www.ashudutt.com
INFOSYS - SHORT TERM: WEAK, LONG TERM:FLAT, PREVAILING BIAS: STRONG
If Infosys cannot hold at 3,000 (i.e. it trades below that for 7-10 trading sessions) on the kind of low volumes it has, then its going straight to 2700-2750. If it has to go higher, it will need to stay above 3000. That seems unlikely. I don't like the selling patterns I noticed on candlesticks. Rows of candlesticks each lower than the other (usually showing a wave of selling from institutional investors). So 3000 is the level to watch
If you have it, hold with a stop loss at aroun 2900
http://www.ashudutt.com/
If Infosys cannot hold at 3,000 (i.e. it trades below that for 7-10 trading sessions) on the kind of low volumes it has, then its going straight to 2700-2750. If it has to go higher, it will need to stay above 3000. That seems unlikely. I don't like the selling patterns I noticed on candlesticks. Rows of candlesticks each lower than the other (usually showing a wave of selling from institutional investors). So 3000 is the level to watch
If you have it, hold with a stop loss at aroun 2900
http://www.ashudutt.com/
WIPRO LTD - www.ashudutt.com
WIPRO - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS:STRONG
I did not like the chart patterns on Wipro today. They were almost identical to Infosys. That would indicate a fund (or funds) are selling out of technology or Wipro and Infosys. If thats the case, the stock's headed for 400. And thats the risk. Once it falls below 400, its anybody's guess how low it goes. And its falling on falling volumes which means any big order will find it difficult to get absorbed. Only if it crosses 500 on strong volumes will I find an uptrend to trade on
http://www.ashudutt.com/
I did not like the chart patterns on Wipro today. They were almost identical to Infosys. That would indicate a fund (or funds) are selling out of technology or Wipro and Infosys. If thats the case, the stock's headed for 400. And thats the risk. Once it falls below 400, its anybody's guess how low it goes. And its falling on falling volumes which means any big order will find it difficult to get absorbed. Only if it crosses 500 on strong volumes will I find an uptrend to trade on
http://www.ashudutt.com/
HOTEL LEELA - www.ashudutt.com
HOTEL LEELA - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Hotel Leela has been dropping at very low volumes. If there is a big sell order, it will not be able to absorb the order and so the falls could accelerate. The stock has a support at 48 and then at 45 and then at 42. The odds are it will head that way. If it crosses 54 on strong volumes, we can give it another look. At the moment, its best to avoid. It has lost its momentum
http://www.ashudutt.com/
Hotel Leela has been dropping at very low volumes. If there is a big sell order, it will not be able to absorb the order and so the falls could accelerate. The stock has a support at 48 and then at 45 and then at 42. The odds are it will head that way. If it crosses 54 on strong volumes, we can give it another look. At the moment, its best to avoid. It has lost its momentum
http://www.ashudutt.com/
NECTAR LIFESCIENCES - www.ashudutt.com
NECTAR LIFESCIENCES -SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Nectar Lifesciences seems poised to go to 25. The issue with a stock like this is that it cannot produce trading gains on pure chart watching. This stock will move in concentrated spurts when price and volumes will suddenly shoot up. If an when that happens, ride it for a couple of days. But that time is not now
http://www.ashudutt.com/
Nectar Lifesciences seems poised to go to 25. The issue with a stock like this is that it cannot produce trading gains on pure chart watching. This stock will move in concentrated spurts when price and volumes will suddenly shoot up. If an when that happens, ride it for a couple of days. But that time is not now
http://www.ashudutt.com/
TEXMACO
TEXMACO - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE
The long term charts are good and volumes are good. So if you have it hold it. In the immediate term though, the stock's has lost some momentum. It is at a critical point. If it holds above 160 with strong volumes and for 7-14 days, that wil form the base for a very strong uptrend. But if it collapses below 160 on low volumes and holds below that for 10-15 trading sessions, it could start its drift back to 120
http://www.ashudutt.com/
The long term charts are good and volumes are good. So if you have it hold it. In the immediate term though, the stock's has lost some momentum. It is at a critical point. If it holds above 160 with strong volumes and for 7-14 days, that wil form the base for a very strong uptrend. But if it collapses below 160 on low volumes and holds below that for 10-15 trading sessions, it could start its drift back to 120
http://www.ashudutt.com/
Saturday, October 30, 2010
AHLUWALIA CONTRACTS
ASHU DUTT VALUE PICKS LIVE - http://www.ashudutt.com/valuepickslive.aspx
AHLUWAILA CONTRACTS - ASHU'S CALL-HOLD, CURRENT PRICE:175 , TARGET PRICE:240, HOLDING PERIOD: 12 MONTHS
- Floating stocks is low which is good (73% is with promoters and about 13% with Institutional invesors). That leaves just 14% in public float
- Once Infrastructure stocks pick up as a group, this one will also rise
- Execution record with CWG should help in getting orders
AHLUWAILA CONTRACTS - ASHU'S CALL-HOLD, CURRENT PRICE:175 , TARGET PRICE:240, HOLDING PERIOD: 12 MONTHS
- Floating stocks is low which is good (73% is with promoters and about 13% with Institutional invesors). That leaves just 14% in public float
- Once Infrastructure stocks pick up as a group, this one will also rise
- Execution record with CWG should help in getting orders
RELIANCE POWER
VALUE PICKS LIVE - PLEASE USE THIS LINK FOR QUESTION ON INVESTING ON FUNDAMENTALS - http://www.ashudutt.com/valuepickslive.aspx
RELIANCE POWER, ASHU'S CALL - SELL,CURRENT PRICE:157 TARGE PRICE:N/A, HOLDING PERIOD:NONE
Reliance Power is already overvalued given its track record and the amount of MWs added. It has still to fulfil what it said in its IPO. Till I don't see an execution record, I won't consider this stock a buy
RELIANCE POWER, ASHU'S CALL - SELL,CURRENT PRICE:157 TARGE PRICE:N/A, HOLDING PERIOD:NONE
Reliance Power is already overvalued given its track record and the amount of MWs added. It has still to fulfil what it said in its IPO. Till I don't see an execution record, I won't consider this stock a buy
BARTRONICS
VALUE PICKS LIVE - PLEASE USE THIS LINK FOR QUESTION ON INVESTING ON FUNDAMENTALS - http://www.ashudutt.com/valuepickslive.aspx
BARTRONICS, ASHU'S CALL - PASS,CURRENT PRICE:100 TARGET PRICE:N/A, HOLDING PERIOD:NONE
- Even in value picks, one of the first things you should look at is the holding of the promoter and the Institutional investors. The promoter holds 29% and institutons about 6%. That leave a floating stock of around 65%. Thats too high for any stock(and I would like a promoter who believe in this company to hold more)
- Cash flows from operating activies are negative. I never like this indicator no matter what sales or profits a company reports
BARTRONICS, ASHU'S CALL - PASS,CURRENT PRICE:100 TARGET PRICE:N/A, HOLDING PERIOD:NONE
- Even in value picks, one of the first things you should look at is the holding of the promoter and the Institutional investors. The promoter holds 29% and institutons about 6%. That leave a floating stock of around 65%. Thats too high for any stock(and I would like a promoter who believe in this company to hold more)
- Cash flows from operating activies are negative. I never like this indicator no matter what sales or profits a company reports
http://www.ashudutt.com/books.aspx
EXCERPTS FROM "ASHU DUTT'S TRADING FOR A LIVING"
TO ORDER, PLEASE GO TO http://www.ashudutt.com/books.aspx
Traders also undermine performance by cutting profits on good positions. This is usually a self-denial issue, in which we understand at a subconscious level that we're in a great position. But for some reason we don't want the winning experience and exit with a small profit just before the trade would pay off in big bucks.
- Richard Wyckoff
TO ORDER, PLEASE GO TO http://www.ashudutt.com/books.aspx
Traders also undermine performance by cutting profits on good positions. This is usually a self-denial issue, in which we understand at a subconscious level that we're in a great position. But for some reason we don't want the winning experience and exit with a small profit just before the trade would pay off in big bucks.
- Richard Wyckoff
Friday, October 29, 2010
Thursday, October 28, 2010
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