Power Mech Projects: ₹ 440 is consolidating around, and may create a double bottom around ₹ 419. Watch for a better quarter is a good idea, is to find reversal time in confluence with the other indicators, currently showing divergence in indicators. The sector under performance is highly affecting this scrip very pathetically, otherwise a good runner up with a ₹650 Cr market cap and ₹1360 cr sales stands still for the last 2 years with consistent gain, it is worth buying at this level. The previous quarters were poor. Hope there will be an improvement in sales and gains.
@noumica, Definitely my dear. Not only that , once it breaks that resistance it will find new high.
i was not expecting such robust bullishness. but i can see that it can break that levels easily.
padiyara
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@noumica , and one more thing,
we poor expats doesn't get the right information, in right time, we are totally depends on media and internet.
what is happening in the company fundamentals is, known to the people associated with it first.
I was very much interested in investing in TTKHEALTH, but you know when i inquire about that, with my friends, they said the services are very poor.
tehn we cannot expect a performance in stock too. that is how it work.
Our Qasi is having the Almanac by Charley Mungger, you must read it,
how nicely they get in to stocks..... And one day you will become another Warren bahi. :D
In power Mech: we are at mid heaven now. No strong support. The sector is underperforming, so cannot expect a strong reversal soon, but definitely the trend line will support, around 360.
please watch the new posting on power mech:
mathewmathew
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@padiyaraa, ok anyway good for investors rt?
padiyara
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@mathewmathew, yes dear,
i will not insist, if i dont know about that.