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Chat Transcript

  • Ranak Merchant

    17 May - 03:00hrs

    What are technical indicators suggesting ?

    Ranak Merchant Technical Analyst - Strategies, Sushil Finance

Posted By: guest:

should i hold V Guard for next 2 years, I need to invest more into this share.

Posted By: Ranak Merchant

: Hi, VGuard Cmp 216 is not under coverage, but what is evident from chart patterns is that the stock has been in a fantastic upmove and scaling new life highs. While the short term oscillators do appear to head in the overbought zone, any additions done at declines would offer a better risk to reward ratio. But as mentioned earlier that the stock is not tracked, any additions, actions should be taken only after taking an informed decision regarding the stocks future performance.

Posted By: guest:

how do you read stock? what are the aspects you look in a company before you take the decision of buying the stock?

Posted By: Ranak Merchant

: Hi, I look at technical parameters only.

Posted By: guest:

I am 28 yrs old,unmarried with monthly in hand salary of Rs 42K. i am investing 8,000 per month equally distributed into below MF\`s --ICICI Value discovery fund --SBI Blue chip fund --UTI Long term equity fund (ELSS) --UTI retirement Benefit Fund. I have home loan emi of Rs.17000. I want to invest another 4000 a month, shall carry on with the same set of MF\`s or should I invest in any other instrument.Please suggest.

Posted By: Ranak Merchant

: Hi, since I look at technical parameters only on Equity stocks, request you to kindly contact our Mutual Fund desk for advice on the above mentioned Mutual Fund investments.

Posted By: guest:

I am Krunal from mumbai. I have bought 500 quantity of infosys @ 900 rs. Should i hold it or sell ? I have been waiting since long

Posted By: Ranak Merchant

: Hi Krunal, Infosys Cmp 951, has crossed above the monthly bullish point of 946 and is hovering just above the same.It has formed a double top at its 50 day EMA at 966. A move above 966 would pave way for 1006 levels. Stop loss can be maintained at 932 for conservative traders or at 918 for risk takers.

Posted By: guest:

Which bank now take invest.

Posted By: Ranak Merchant

: Hi, PSU banks showed some strength post PNB results but have given back some of their gains. From trading perspective Bank of Baroda CMP 192 looks good for 202 and stop loss of 187, also SBI cmp 307 is heading for first target of 315 above which 322 and 345 are possible, initial stop loss to be at 299 and to be trailed. From private banks ICICI Bank Cmp 310 is headed for 321 (1st target) to be followed by 345 stop loss 303 (to be trailed).

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