Ballarpur Inds:
An excellent cup and handle on the stock.
Accumulate at current levels and slowly add on declines to 38 or lower with a stoploss 36 on closing basis.
Target 52/60 in long term.
Disclosure: Recommended to clients in QuickGains today.
Regards,
Nooresh
09819225396
October 26, 2010
Hi Nooresh,
Yes, it seems to be a good opportunity. I have been tracking stocks of Paper cos and they seem to be doing quite well and valuations are attractive.
Have a look at J K Paper also. What I like is – comparatively its at cheapest valuations despite having brand and one of the best margins. Would like to know your technical view.
Thanks & Regards,
Ayush
October 26, 2010
Hi Ayush,
Yes Ballarpur is a technical cum funda pick. Also it has a subsidiary with high valuations.
J K Paper will face resistance around 80 levels which has been a top for many years now.
Regards,
Nooresh
October 26, 2010
Hi Noresh,
In one of my questions to you on this blog about a month back, i had asked your opinion on Ballarpur Industries. That time you mentioned that it is a laggard and you suggested to move out of the stock. I had bought it at 33 levels and exited at 36 levels. & suddenly i see this post on your blog…I’m not sure why did you suggest to exit?
Regards.
Pranav.
October 26, 2010
Hi Pranav,
Its always about relative returns in investing and opportunities available. We as a technical analyst doesnt matter whether buy price is 33 or 40. We are looking out for a investment with a low holding period and a good risk reward.
Regards,
Nooresh
October 27, 2010
Hi Nooresh,
I dont think your reply fits my question. Anyways, i will look to reenter BILT soon.
Regards,
Pranav.
October 27, 2010
Hi pranav,
Well i just give my view on certain stocks which may or may not always be right.
October 28, 2010
Dear Pravav,
In technical study we wait for clear confirmation, at the time you asked about the view it’s chart may not seem to have a good risk reward.
Thanks
Rohan Bhardwaj
October 26, 2010
hi nooresh ji ,
i am holding dptl(193) and easun reyrole (139)what price can i book profit in both
October 27, 2010
hi,
reduce on further rise beyond 210 and 150 slowly
October 31, 2010
Dear Nooresh Bhai,
Is it advisable to buy Jain Irrigation Systems and Prime focus ?
Regards
November 1, 2010
Hi Manish,
Jain Irrigation seems good not much idea on Prime FOcus