383 4 12
Whenever I check for investment stocks, most of the time I find rounding bottom or cup and handle pattern. Here comes another rounding bottom formation in Electrosteel steel ltd. Rounding bottom will get completed around the level 12 - 13. Break out after that will give gain of another 5 to 8 points. But this investment will take more than 2 years of time. A very long term investment. Always consult your financial manager before investing.
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The regulator has already shared the list of 50 biggest defaulters with the central government. The list included companies such as Bhushan Steel, Bhushan Power, Lanco, Videocon, Jaypee Group, Essar, ABG Shipyard, Punj Lloyd, Electrosteel Steels, Aban Holdings, Monnet Ispat, Prayagraj Power, and Era Group, ET reported earlier.

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+1 Reply
dravya riyase77
@riyase77, good thay you found the facts that this is a big defaulter. Saved me. Thanks.
Is it like the Golden hammer fallacy? :D
Suppose it is tempting, if the only tool you have is a hammer,
to treat everything as if it were a nail.

I hope it is it not so.
+1 Reply
vanathi TOP padiyaraa
@padiyaraa, A little bird said 2 major forces dumping money here. We should find the facts about it. I guess it a veryyy long term investment :)
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