Tisco buy above 502/507/512, target 539/565/625 sl 500/492/485

Simple patterns/channels
Probably lots of reasons to be bullish on tisco as long as 485 holds
Funda report by merryl
, investment rating C-2 (0-20% return over next 12 months given at a price of 515 when the acquisition of corus was announced), tisco proceeded to drop to lower channel after the news





Tisco bouncing from lower channel (you could call it a flat or a triangle with a false break of trendline in e leg whatever u wanna call it , it looks bullish to me :))
Setup is very similar to rel at 450
just needs to hold 485 for a significant upmove
Confirmation is above recent high 512 and broken trendline 507
(507 is also results day high so a break above it would indicate a lot more upside)

Buy Prithvi CMP 360, target 440 by april 07

No stoplosses for investments:
Raja Kumar: Prithvi: investment buy for t2/t3
405/468 by april 07
no stoplosses only targets for investments
sell if fundas turn sour.
http://0301.netclime.net/1_5/2/O/U/Prithvi%20Information%20.pdf
my view: all investments should be backed by fundas
anyone who sends an invesment call would do well to also send a detailed funda report alongside the investment call . this will help to get an idea of valuations with respect to peers/growth potential etc

PRITHVI:9/21/2006
Close/cmp:322.55
Swing : Up=Buy ( 12.000% sensitivity)
Targets Active above:331.664
T1:365.654 T2:405
T3:468.654 T4:508
LastPivot302 TrailingStop:39.346
0.618 sl:286.346
Lower:302.607 Upper:0
Risk/Reward T1=2.09752
Risk/Reward T2=4.01217
Risk/Reward T3=7.10969

Relpetro fresh move possible

RPL Trade summary:
Buy 66, sl 63, target 68.55/70/72
Summary: buy over 3 days, sip for traders
66/65/64 entry area
sell after 5 days
do not risk > 5% of capital wide sl is 63 use that level to compute acceptable risk


Raja Kumar: as long as rpl doesn't have to subsidize as per govt policy this could be gr8 news. If govt continues heavy subsidies and oil prices remain high then this venture could go sour.

udayabhaskars (11/6/2006 10:34:13 PM): RPL has plans to set up 504 retail outlets (ROs) across the country, including in remote and low service areas, within the next three years....... This clearly indicates RPL's balance sheet with profits will roll from 2007-08 by marketing the RIL products........ cheers...

Raja Kumar: rpl has given a gap up
if gap is not fully closed out within 2-3 days it will make a massive move
for other examples of this phenomenon (news+gap up + no fill) plz see ifci/dr.reddy which were picked recently
ifci 10.7 and reddy at 750
rpl lets say that half the gap can get filled that would be rough entry area, sl below rim of gap or last low
can trade in delivery
Raja Kumar: rpl entry 66/65/64
sl narrow 64(intrada) wide 63 (wide=trend sl)


Flirterboyca g: tell me best level 2 buy rpl
Flirterboyca g: not fro trading
Flirterboyca g: for FD purpose
Raja Kumar: buy at closing
Raja Kumar: next 3 days
Raja Kumar: average
Raja Kumar: u will not have a loss
Raja Kumar: in 5 days
Raja Kumar: because in a bull market
Raja Kumar: corrections run 2-3 days
Raja Kumar: and rallies run 3-5
Raja Kumar: and rpl looks ripe for a new bull move
Flirterboyca g:
Raja Kumar: sip for traders

Importance of booking profits

Taurian: counter-view: by booking profits, we may be throwing the baby out with water.....applies only to investments of course...
Raja Kumar: yes
Raja Kumar: have u read reminiscences of a stock operator?
Raja Kumar: if u sell your long position u have no position
Raja Kumar: in a bull market
Raja Kumar: buttttt
Raja Kumar: here's how it works imho
Raja Kumar: sell excess leverage longs
Raja Kumar: or trim them
Raja Kumar: a bit
Raja Kumar: this puts people in the right frame of mind
Raja Kumar: when u have booked 30-50% of your profit
Raja Kumar: on a trade
Raja Kumar: then u will be willing to move sl to break even or a small loss on remaining
Raja Kumar: and let the market do what it wants
Raja Kumar: but if u are holding full position
Raja Kumar: then u will behave like a manic depressive
Raja Kumar: extremely happy as market swings up
Raja Kumar: and sad as it swings down
Raja Kumar: because emotions are relative
Raja Kumar: to your position
Raja Kumar: if u have sold half then if market tanks
Raja Kumar: u will be 50% happy
Raja Kumar: that its down
Raja Kumar: and 50% sad
Raja Kumar: that u didn't book other half

P.s : By book profits i usually mean book near t2/t3 in a bull market and not at t1 or random points :)
t2=1x target, t3=1.618 target