Individual StocksDiscussion Forum for Individual Stocks. If you have query/suggestion on more than one stock, which are UNRELATED TO EACH OTHER, USE SEPARATE THREADS.
I think more important is to watch the NIFTY, as NIFTY still has not reversed and found support
If nifty keeps falling like the way it is now, 2000 on nifty is talk of market.
Unitech will go much lower than what it is available today!
We are in full bear market, take your informed decisions. We are seeing challenging times of 3 years!
Friday selling in UNITECH and SUZLON was panic rumor selling the kind I saw in Bears Stearns, FORTIS, Lehman....before they became penny stocks & Bankrupt!
Last edited by man4urheart : 26th October 2008 at 03:15 PM.
No Brother, U r the Man, it is due to your analysis and hard work that people like me understand market better. But yes in this market i am not seeing any analysis, if company is good it is going to come up no matter what happens, what charts says, at this time market is beyond any supports etc. I am buying for long term only, just buying stocks and dumping them for approx 2 years. I bought Rcom, RIL, Adlabs, Sterlite, Tata Steel, Onmobile Global, Rel Cap, Rel infra, L&T and Siemens. If any good stock is in your mind please feel free to share it with others as your and other members input is really valuable for making decision. And yes also bought Suzlon energy as blade accident was just a minor one and one isolated case in US. Thanks to all members for putting light on the path of safe and better investing.
Be aware to lose all investment in this share if it goes to 26 again!
In short-term Fibonacci's targets are 66 and then 80.....
I don't know your plan......so take informed decisions!
Just read on moneycontrol, they do have some trouble as they sold land bought against the loans from TATA Realty Investments so as to return their loans!
Who they sold it? Guess.....TATA Realty Investments!
Basically they have trouble raising cash as of now!
There is another angle and don't have guts to take this step.
We already have Core projects Bleeding on portfolio!
Alchemist maybe you can input!
I somehow have a feeling this will hit soon to blue line 50 EMA at 100 in coming days!
Check the volume behind the bounce!
Looks to me Orchid Chemicals Kind of Story
Bullish piercing pattern
Quote:
In the Bullish Piercing Pattern, the greater the degree of penetration into the black real body, the more likely it will be a bottom reversal. An ideal piercing pattern will have a real white body that pushes more than half way into the prior session’s black real body.
A confirmation of the trend reversal by a white candlestick, a large gap up or by a higher close on the next trading day is suggested.
In this case we fell short by 1 Rs, other wise we had confirmed this pattern. But Amount of Volume is very convincing!
Honestly today's and tomorrow action would be something good to watch!
Sometimes they say no position is better than having a position thus, keeping this one for study purpose!
Last edited by man4urheart : 28th October 2008 at 05:02 PM.
Hey Man, i checked ur link for moneycontrol. Both Unitech and Tata reality denies of any loans and that everything has been paid back. don't understand to believe them or the moneycontrol. For unitech will be selling today half of my shares.
Unitech had a bad day today even while the markets rallied. Anything wrong with this stock or is it worth a buy for 30 Rupees on Monday for a short term considering there will be a pull back soon.
Unitech had a bad day today even while the markets rallied. Anything wrong with this stock or is it worth a buy for 30 Rupees on Monday for a short term considering there will be a pull back soon.
All real estate stocks are going down the drain.
The only index that was in the red today was the real estate index.
Real estate companies are facing a serious cash crunch.
Buyers aren't interested in buying real estate and banks aren't lending to real estate companies.
Most companies in real estate sector already have a lot of debt. If the sector doesn't pick up in next two quarters, some companies may default.
I have no idea when these stocks will bottom out.
I think it's better to have a minimum exposure to real estate stocks.
Unitech is trading around 30% lower than my purchase price.... What shall I do now???
Shall I average?
I came across the news about demerger of Unitech
Quote:
In a move to unlock value in the non-core business, India’s leading real estate developer, Unitech is considering to demerge the business, sources told CNBC-TV18's Nayantara Rai. The demerged entity may include telecom, hotels as well as special economic zones (SEZs). However the final decision or announcement is likely to be made in three to four weeks.
I myself don't hold the shares but always wanted to hold for trading purpose at average buy price of 35.
Fundamentally Right now the biggest problem with the company is realty sector is hit badly it by rate hikes. Plus Swan and Unitech are embroiled With ADAG in 2G scam.I am sure in order to save his neck Anil Ambani will tie the neck of number 2 and that might fall on Unitech's leg. And that ay more than 5% almost 10% or lower circuit might hit. Also getting money from people will also get tougher for it.
I'll say wait for that trigger. Company won't be finished as it being number 2 company after DLF in the sector.
I'll enter any price below 33 but mostly at 30 with a trading target of sell at 40. For you i'll suggest try to buy at levels so that your average goes below 40. If you still want to buy on same price I guess you will have to buy too much quantity which I won't advise as again the share can see 22-24 levels which it showed in recession as fundamental of the company will be hit by the case. But being a realty sector company I am sure bribing and gifting lands they will come out of it.
Note::Sorry if i hurt anyone sentiment with my personal opinion but sadly that's the true fact of this country.
Last edited by magnet : 10th May 2011 at 07:37 PM.
Today I entered the stock at approximate 32 price. 50 shares bought. Ultimate target is to buy 250 shares and exit once it touches 40% return from my average buy price.
Unitech
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Bought At 54
Linear Mode
