Q:I have purchased 100 shares of IDFC @ 98/- and 50 shares of SAIL @ 88/-. what is the future of these stocks. how much time will require to reach my buy price.
A:
IDFC (LTP 52.20) - Fundamentally it is a good stock.However, I dont think you could see your cost price in 2008.The stock will continue to remain weak/subdueded as long as it is trading below 65.The level of 45 is the final support floor for the stock. If it closes below 45 for more 3 days in a row, then the stock could see further weakness.I will suggest you to hold on with a minimum 3 month horizon to see your cost price.Keep a stop loss of 45 as mentioned above.
SAIL (LTP 66.75) - Again, it could take anything between 2-3 months to see your cost price.The stock is just above a crucial support level, it needs to stay above 66.20 and cross 77 to see a sustainable upmove towards your cost price.
Q:I have baught 10 shares of RCOM @ 445/- , 40 shares of SUZLON @ 59/-, 100 shares of IDFC @ 100/- & 50 shares of SAIL @ 90/-. What is the future prospectus of these stocks for short to medium term.
A:
RCOM (LTP 195.50) - RCOM as well as SUZLON get bogged down with negative news/negative sentiments very fast and then they take a lot of time to recover.
I dont want to dishearten you, but the stock could remain much below your cost price for many months.However, you can consider averaging at around 180 levels where it is an attractive investment buy.Incase you dont see 180 on the stock, then buy around 210 as 210 is an important resistance zone.
SUZLON (LTP 41.65) - The stock needs to stay above 41 to see a gradual upmove towards 44. There is resistance for the stock at 44 levels. The stock will continue to remain weak and subdeud as long as it is below 44.Keep a stop at 35.
IDFC (LTP 52.20) - Fundamentally it is a good stock.However, I dont think you could see your cost price in 2008.The stock will continue to remain weak/subdueded as long as it is trading below 65.The level of 45 is the final support floor for the stock. If it closes below 45 for more 3 days in a row, then the stock could see further weakness.I will suggest you to hold on with a minimum 3 month horizon to see your cost price.Keep a stop loss of 45 as mentioned above.
SAIL (LTP 66.75) - Again, it could take anything between 2-3 months to see your cost price.The stock is just above a crucial support level, it needs to stay above 66.20 and cross 77 to see a sustainable upmove towards your cost price.
You can mail your queries/questions on adv...@raghavs-picks.com
Yours truly,
Raghav @ Raghav's Picks
