Chaman Metallics Limited IPO Message Board (Page 3)

Hi @Imhilli,
Please don't panic and never buy anything from anyone's recommendations, especially an SME stock.
Chaman should do well but it needs patience. If you can't wait longer, try to book small profits as nothing can beat PEACE OF MIND returns.

Imhilli

In the share market, never ever buy anything on any person's recommendation. Share market is a place of uncertainty. Always do your homework before doing anything in this world. Even Mr. Dilip Davda can go wrong here. His recommendation for KN agri was "apply" but see the condition of the share price of that company. On the other hand, his recommendation of eki proved perfect.
So, my point in this is that in this market, anybody can go wrong and anybody can go right but because its your money. So, the responsibility lies with you and that responsibility can only be completed by doing your homework before applying in any share.
Please ignore my message if you don't like it.

@Singh ji and Khosla ji
Thanks bro... for your response... I do agree with both of you that one should not go based on just recommendation.... but here we act and behave like a family... there's nothing wrong in getting opinion from the Guru's. It's basically for checking that whether my thought process is aligned with them or not. I always follow the mantra "Shuno sabki, karo manki"... Thus whether it is success or failure... responsibility solely lies with me...😊

Yes bro, We are a family here and people like us who are newbies in the segment should always listen to the experienced guys. I think Lokes ji, Mravi ji, SSingh ji, Noorul ji, Guru Mahadev ji have already said that they r bullish on this for long term.

Sorry due to office work can’t reply.
Few points for my analysis.
•      There is strong positive correlation between each day close v/s high, ltp, volume, No of trade & value -> INSIGHT:- it has created strong resistance from 55-60 range.
Correlation analysis      OPEN HIGH LOW PREV. CLOSE ltp-vwap 52WH VOLUME       VALUE       No of trades
close        0.12      0.92      0.31      0.07       0.99 0.96 0.55      0.73       0.74      0.73

•      Gone through some of the client’s profile like Rajesh steel, Gajakeshari steel & RK steel all are into “TMT Bars” manufacturing sector (it’s same as Rhetan TMT)
•      All of these customers located heart of the India, as all of us know Gati Sakthi project to connect all port, mining, manufacturing hubs via Logistic parks -> So this will help in long run
•      Rhetan, RBM all are shown reverse trend in 15-20 days timeline
•      One strange thing I have observed in Chaman is before 31st Jan data is not available in NSE website also in Zerodha before 31st Jan graphs are not visible
•      TEXT analytics of Chittorgarh site comment section: All recent multibaggar have lot of negative comments before it starts to fly
•      CONNECTING THE DOTS: ALL RECENT LONG TERM MULTIBAGGER HAVE CREATED STRONG RESISTENCE BELOW 10-15% FROM LISTING PRICE WITH LOTS OF NEGATIVE SENTIMENT @chittorgarh, AVERAGE BOUNCE BACK TIME OF 10-15 TRADING DAYS

Note: all above analysis purely data analysis perspective, do your own analysis and take decision.

Thanks,
Guru Mahadev
https://www.linkedin.com/in/gurum1/

@Gurumahadev sir you can find the data in trading view and also on zerodha (if you had added chaman in you watchlist from listing day). Search on trading view Symbol name " CMNL-ST" (16th Jan to 30th Jan)& "CMNL-SM"(31st Jan to till now). This usually happens when the circuit had changed from 5% to 20%. I've seen this in some other SME IPOs as well.

@ investor. Thanks 👍. Sure will check.

Guruji, what's the target you are expecting in 1 year? Holding 6 lots at 60+ levels.

Heavy selling pressure.I think retailers are doing trading, buying at 53-56 level and sell at 58-60 level. Operators are yet to Play their game. Rest seniors can tell what is happening

Chaman me abhi podhe lagaya gaya... bahar aane me time lagega... lekin phul zarur khilega 😄

selling Orders will remain high till it cross 68 (Listing Price).

Many have bought on listing day within range of 64 to 68 (which includes short term buyers).

Whenever it will cross 68, it is expected to give big upmoves.

There is no doubt that it will go up considering its expansion , however may take few days/weeks to settle the dust standing in selling side

Tata steel posted net loss of 2224cr. Do you guys think it will effect Chaman also?

@Mr.Investor. Nov 1st 2022 onwards Rhetan TMT price up irrespective of Tata steel QRT Negative result "Tata Steel's net profit plunges 90% to Rs 1,297 cr"
Read more at:
https://economictimes.indiatimes.com/markets/stocks/earnings/tata-steels-net-profit-plunges-90-to-rs-1297-cr/articleshow/95216885.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst.

Note: As I mentioned in my previous posts, all of these conclusions based on analytics model results. in this case have build Text analytics model to understand the market, sector sentiment by collecting all respective news in the industry. Few key words: Profit, Loss, Revenue, Metals Etc. Analytical model: Word cloud( sorry here can't publish any images, it's still disable to me).

Thankyou @GuruMahadev sir for your insights and analysis.
One thing more i just realised that Tata Steel's india business was profitable this quarter also. And CHAMAN mainly supplies in India thereby making my worry pointless.

@Mr. Investor

1) Tata steel is not the only steel company. You have seen the negative news only.
S. A. L gives 190% Operating Profit up YOY & PAT 999% up.

2) Even you can see a negative news as positive too. Just think, with loss/decrease profit, Tata steel P/E will increase, results in increasing average industry P/E. If industrie P/E increase, then chaman will be able to run on high P/E.

so, in conclusion, no effect of Tata steel will be there.

UC -70.15

@shanky bhai ye aapka conviction h kal uc lgega ya aap price bata rhe ho sirf?

I m just telling the UC price... Bro.

it means current 20% circuit will continue.?
till wch date?

@VIKKIJOHN

circuit limit changes when 2 20% cuircut hit.

Since earlier only 1 cuircut hit, thats why cuircut limit is not changed.

@Gaurav DD dimer

Is it 2 consecutive 20% hitting,
OR
if it hits 20% once more, will the circuit be changed?

Thanks,

Metal sector is presently under pressure. Once it eases, Chaman is the first one which will fly.

@ Guru
Are you using ANN model for your prediction? How do you train the model? You may highlight if you have carry out any validation exercises are done for the tool. This will bring more confidence and in future you can think about selling it in the market.😊

@Imhilli. parallelly API implementation going on. About your questions: Model building:-Hybrid model approach. Validation: 80:20 approach to validate the model; Accuracy:>90%.