BUY ABOVE 86.25 stoploss 84.50
for target of 92.20 ***
on 15th JUNE 2009
for intra-day.
***
Use strict stoploss while trading.
***
HAPPY TRADING.
Monday, June 15, 2009
Sunday, June 14, 2009
GWALIOR CHEM - is it a value buying?
Gwalior chem has sold his one unit at NAGDA,
MP for a net price considertaion of Rs.380 crs.
It will distribute Rs.100 crs among shareholders
for a capital of Rs.24.67 crs. It will retain Rs.280crs
for Power Plant and other related business growth.
Presend market captialisation is Rs.218 crs. The
co.'s other unit is situated in ankleshwar, Gujarat.
The co. has also declared a dividend of 12% for Mar 09.
**
Technically the price is moving above 50 DMA and
the 50DMA has also crossed 100DMA and 200DMA
which is very bullish sign. The 50DMA and 100DMA
are also in rising trend which are showing short term
trend UP. THE STOCK IS IN OVERSOLD ZONE AND
ANY TIME RECOVERY IS DUE.
**
So decide yourself and do accordingly!
MP for a net price considertaion of Rs.380 crs.
It will distribute Rs.100 crs among shareholders
for a capital of Rs.24.67 crs. It will retain Rs.280crs
for Power Plant and other related business growth.
Presend market captialisation is Rs.218 crs. The
co.'s other unit is situated in ankleshwar, Gujarat.
The co. has also declared a dividend of 12% for Mar 09.
**
Technically the price is moving above 50 DMA and
the 50DMA has also crossed 100DMA and 200DMA
which is very bullish sign. The 50DMA and 100DMA
are also in rising trend which are showing short term
trend UP. THE STOCK IS IN OVERSOLD ZONE AND
ANY TIME RECOVERY IS DUE.
**
So decide yourself and do accordingly!
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