Stock Watch-Bharti,Indiabulls Financial
Bharti cracked big time today and is now clearing turning bearish. Infact, in the morning as soon as I issued a short sell on Bharti at around 885 levels one of my clients immediately came up with a buy recommendation on the stock on TV !As expected the stock cracked and is now looking to test 800 levels. RCOM though not that bearish is also not looking very bullish in the short term. I plan to initiate some countertrend trades around 690 levels on the stock
Indiabulls is one stock which is showing great strength and touching new lifetime highs. We have been accumulating the stock ever since Religare IPO went through. Indiabulls still remains the best brokerage play-much better than the Religares of the world!
But the short term is certainly not up, so its a good time to wind up the short term longs and may be play for some downside.
plz tell me about the ups and downs and its growth in future
Hey Sage,
please let us know about the meaning/identifying of long term uptrend and short term uptrend in details.
It can be one of your topics in Investors education:)
Amol
As a sector, telecom looks relatively weak in medium term. Long term uptrend still remains in these stocks.
RCOM looks much better in terms of a stronger uptrend. 690 is a strong support for the stock.
Looks like investors are using the excuse of spectrum issue to dump telecom stocks.
Which is the best bet on Telecom space ? Is it Reliance or Bharti on a 6 month – 1 Yr outlook?
Salil Sharma is the guy who gave the buy recommendation on TV! My client told me about his recommendation.
Can’t even find his website or credentials. He seems like another E Mathew. I am not sure why Bharti came back but I covered half the position at lower levels and am still short on the stock.The stock can act as a good hedge in case the market slips.This is no longer a long-only market.
Bharti finally made a comeback. Why so?
Is the client Salil Sharma?
Regards,
If you are ready for a longer term ride, hold it.The stock is still in the uptrend.
Help! I have 200 Punjlloyd at 508! Will I book loss?