Please post your queries regarding any share you are planning to buy Also post your list of shares in your portfolio for a free analysis Analysis is by a fundamental and technical analysis expert of over 25 years experience in trading/investing
@bchandra2008, I have a few shares of IVRCL,GMR infra, Peninsula land - all in red. Is it worth continuing to hold these shares- if so for how long?
Asian Paints is a good share; Has been in a sustained uptrend almost for the last two years; The recent correction has seen that the price has broken an important support level of Rs 800/- Further downside is possible before it takes support in the 650-700 range Hold it for long term gains; the recent drop in Crude prices is a positive for the paint industry
All these are Infrarelated or real estate related stocks; The Sector is presently out of favour in the market Following is the observations from the weekly charts Peninsula Land is near its support levels IVRCL Infra is also trying to find it support near 15 levels GMR INfra is a clear market underperformer If you have patience hold the first two and try to switch from GMR Infra to a better stock
@bchandra2008, thanks for the guidance. Yes, i think i will come out of GMR infra. Even banking stocks are doing very bad although the fundamentals in most banking stocks are good. Could you tell me why? and whether we can expect an upturn?
Yes banking stocks , especially PSU banks have the problem of bad loans NPAs , so market is not very much enthused before you you take any decision pls consult your financial advisor,; what I post here - pls don't treat it as professional advise ; pls do your own homework
Thanks for the prompt reply. Will just bide my time for the moment - till there is an uptrend in the market.