Moneycontrol.com >> Messageboard >> Stocks >> Rei Agro >> dear mmaajid1970 i am not too clever but just going by market and logic,i told the same .But if you

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dear mmaajid1970 i am not too clever but just going by market and logic,i told the sa... Read full message

3.58 PM Feb 9th | Track

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mmajid1970

Platinum Member

11 Followers

I think the bear cartel is strong at the moment, the number of shares for sell is such large since last 3-4 months that the stock will not rise soon......

1.12 PM Feb 10th

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Guest

I hope this time we will be lucky,thanks for your study and i will take it.

5.11 PM Feb 9th

mmajid1970

Platinum Member

11 Followers

Dear Guest: Also be reminded that in last quarter the holding of FII has come down by almost 0.5%, I have been trying to find answer to this question and failed to get any Fundamental reasoning. however on the technical side, this stock has not made higher top ever since it touched 30.2 (intraday) and this is one reason why I feel the stock will move down further. I see a lot of support at about 12-13.5 but below these levels that stock will break all levels and may go down to Rs. 4 or Rs. 6 to fill the gaps. This is my study from the charts.

4.24 PM Feb 9th

mmajid1970

Platinum Member

11 Followers

Dear Guest: there is no question of anyone of us being smart, in share market we all learn new things every day. In this counter we are learning new thing that despite such heavy holding of promoter and FII the stock has only moved down, which is surprising and we are all searching for answers. I have 15K shares at about 16.8 now... last bought 5K shares at 13.5... there is something wrong which is happening and we are only trying to be biased towards this stock. I also want the stock to move up but its not happening.... so kindly be careful and watch the movement closely... my stop loss is at 13.5 (hope it dose not happen)...... but current trading in this counter is a big question mark.

4.18 PM Feb 9th

Guest

dear mmaajid1970 i am not too clever but just going by market and logic,i told the same .But if you see from June to DEC the fii share has increased from 42.33 to 42.49.I just told the market just not only goes by FII`s. think you got my point. as per my opinion it should go up only if market dont fall drastically and if go by fundamentals. again i am not too clever,,it is my opnian.

3.58 PM Feb 9th