Sunday, August 19, 2012
Syndicate Bank is seeing attractive compared to stock like SBI. Technically, MACD is about to make a positive crossover. The resistance at 98 is causing little hiccup rest. Secondly, we have seen little violation in trend line.
If syndicate bank is a bet know, it may help fetching some at least 9% profit.
Friday, August 17, 2012
Thursday, August 16, 2012
Jain irrigation according to me doesn’t look profitable and lack with upside potential. When I look over technical it is not bad until and unless it is below 76, if Jain irrigation manage to come below 76 it is going to break the latest bullish trend.
Jain irrigation is having a support at around 74-75. If it fails to manage that support. It is going to follow the downtrend as shown.
Jain Irrigations Ltd: JPMorgan has an underweight on Jain Irrigation and they have slashed the target to Rs 65 from Rs 105. The revenue flow from their micro irrigation business has started to shrink and the balance sheet matrix has not shown any improvement. As a result the debt on the books remains high.