always watch any stock coming from top holds 136 to 145 level....if it holds it will go 50 points...if it breaks and it will go 100...add in 136 to 145 level
You may read earlier messages in the forum to get an idea about why the stock did not get listing gains.
Money goes where returns are. Currently there are so many other better opportunities in the market that this untested counter is finding it extremely difficult to find new buying. With no new buying coming in...the only direction this stock has followed is ...DOWN.
332. P M| Link| Bookmark|
March 13, 2018 10:35:58 AM
(1100+ Posts, 1100+ Likes)
Today again makes new All time low - 140.05 (26.28% below issue price)
331. P M| Link| Bookmark|
March 13, 2018 8:24:13 AM
(1100+ Posts, 1100+ Likes)
Makes new All time low on - 144.00 (24.21% below Issue price)
Today also it made a new low, so price discovery is still going on and we do not how low it will go.
I am not too hopeful of it crossing 195 in March. With low IPO subscription and unfavourable market sentiments, it is difficult to foresee new buying in this stock at this stage. I would expect some new buying to happen in the range 150-155 otherwise trend at this stage is further low.
This is just IMO. Please understand your risk profile and act accordingly.
- Forward looking, thinking , statements, marketing, promotion alone cannot jack-up the IPO listing price. - Analysis is good and valuation calculation has value......but IPO listing doesn''t depend ONLY on the analysis and valuation otherwise all analyst would have been billionaires. - Promises of 40-50% listing gain are only means for trapping un-suspecting small buyers and generate some initial demand. - Generally, known devil is better than unknown angel unless unknown angel is guaranteed to be an angel at reasonable cost. Whenever in doubt ....... known devil is more trustworthy. - IPO is not a guaranteed listing gain instrument.
If you have not sold the stock yet, must sell it now. IMO, the correct price of the share is 150-160 and this will see the same level in few days. So, if you are interested in long term hold, sell at current level and accumulate once it goes below 165
I am waiting for the time, wherein price come back around 190 rs n i would be come on no profit no loss. Would it be possible after wait of 1 2 days or what do u say .
320. Chem cho| Link| Bookmark|
February 26, 2018 9:51:10 AM
IPO Guru (2600+ Posts, 2700+ Likes)
IPO PRICE RS 190
MAY LIST AT RS 182
SELLERS MORE THAN BUYERS AT 9.50
LIKEKLY TO GO DOWN AFTER LISTING THIS IS FOR INTRA DAY TRADERS