ASK JATIN – 25/04/2008.
I am a regular reader of "INFORMED INVESTOR" and i am following your investment advice sincerely for the last two years. I would like to congratulate you and appreciate your advice that proves to be almost 95% correct in such volatile market conditions. I must thank you on behalf of all my retail investor friends who would otherwise have gained little and lost more.I have bought 1000 shares each of Indbank merchant (BSE-511473) at Rs 42 per share and CHD Developers (BSE-526917) at Rs. 34 per share. What are the near term (one month) prospects of these scripts. Kindly indicate the possible exit targets in near future. Also advise whether I should buy to lower the average at current price.I hope you will guide me with the help of professional expertise you possess.
Thanks for appreciating my efforts. I put in hard work only for the sake of my small investors and traders who look upon my article as something they can rely on, in such uncertain market conditions. I feel satisfied when someone like you who has been following my advise for the last two years, would certify that my accuracy is nothing less than 95%, it feels good. I go out of my way to help small and retail investors as in this market, there are very few people who give the right advise to small people and hence they suffer and lose whatever capital they have. I too was a small investor like you all and I too suffered a lot at the hands of so called experts who misled me most of the times even after paying them handsomely. Hence I am, as I am today because of what I was.
Indbank Merchant CMP-27: It has strong resistance at 30 levels and once this level is crossed, immediate target will be 36 and 41. It has given an inverted head and shoulders breakout and the target will be 34.
CHD Devlopers CMP-16: It has strong resistance at around 19 and 21 levels and it will gain momentum only after crossing those resistances. The targets then would be 25 and 31. This stock has like the previous one has given an inverted head and shoulder breakout and the target would be 21.
I,RAJESH BEING A REGULAR READER OF YOUR COLUMN ON FRONT PAGE OF INFORMED-INVESTOR WOULD LIKE TO CONGRATULATE YOU FOR PROVIDING PROFESSIONAL GUIDANCE TO SMALL-RETAIL INVESTORS LIKE US.VERY FEW PEOPLE PROVIDE UNBIASED ADVICE TO SMALL INVESTORS IN THIS GREEDY STOCKMARKET WORLD.SIR I AM HOLDING 1100 SHARES OF I.T.I. ( BSE CODE 523610)BOUHGT AT 78 RS IN JANUARY 2008. SIR I AM SITTING ON A HUGE LOSS.KINDLY GUIDE ME ABOUT THE NEAR TERM PROPECTS OF THIS SCRIP.SHOULD I SELL AT LOSS OR HOLD. I CAN HOLD MAXIMUMFOR NEXT TWO MONTHS.ALSO KINDLY ADVICE AS TO WHEN AND AROUND WHAT PRICE I COULD GET A CHANCE TO EXIT.
KINDLY INDICATE THE FEES FOR THE " TECHNICAL ANALYSIS" COURSE STARTING 11TH MAY AT DADAR.AWAITING AN EARLY REPLY.
Thanks for appreciating my efforts. My efforts were directed towards small investors and now it seems all my efforts are directly reaching them. ITI has witnessed a sharp fall from the price level of 88 to 28. In the pull back the retracement targets are placed at 53 and 59. On the way up, the zone of 50-53 will provide stiff resistance. Technically the targets for ITI will be 63 to 70.
The Technical analysis course will start from 11th May at Dadar. As there are limited number of seats, it is advised to reserve your seats in advance to avoid disappointment later. As far as the fees are concerned, you have to call the relevant number and get the details. Regards,
I am Manoj Bora from Ahmednagar. I am your client and I want to tell everybody that I am satisfied with the accuracy of your recommendations and also the people whom I have recommended are also very happy with you. I want to know about Inox, which I have purchased around 110.
Inox is in a down trend and has closed at 113. It has strong support at 108 and has resistances at 125-130-139. It will gain in momentum only on close above 148.