Fundamental study is to decide whether to apply to IPO or not? Technical study is after listing, when to BUY & when to SELL (whether profit or loss).
Technical analysis helps to cut traders' emotion. If we are biased that Talwalkers could fall just because it is over-valued, then it is suicidal.
However, technical is not perfect science & hence stop-loss is important. It is not that how many calls failed or clicked, what is important is when you are right how much you made & when you loose how little you loose. That is most important for traders' / investors' success.
NHPC, NTPC, NMDC, Nitesh, SJVNL, Indiabulls Power, Shree Ganesh Ji, Reliance Power. Yeh sabhi to LOOTERI company hai. Because all these are related to Swiss Bank of India. You will cry daily in all these like blood drinker.
NAME OF THE SHAREHOLDER NO OF SHARES PERCENTAGE AMIF (I) LTD 10203700 7.00 NOMURA INDIA INVESTMENT FUND MOTHER FUND 9355738 6.42 HSBC BANK MAURITIUES LIMITED 8049962 5.52 LIFE INSURANCE CORPORATION OF INDIA 6208422 4.26 BLACKROCK INDIA EQUITIES FUND MAURITIUS LIMITED 5328837 3.65 BANK OF BARODA 4048241 2.78 HSBC BANK MAURITIUS LIMITED 3616100 2.48 NOMURA INDIA INVESTMENT FUND MOTHER FUND 3616000 2.48 SILVER STALLION LIMITED 2186064 1.50 DSP BLACKROCK EQUITY FUND 1870089 1.28 THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE OF 1845912 1.27 HDFC TRUSTEE CO LTD 1808000 1.24 STATE BANK OF INDIA 1619262 1.11 KOTAK MAHINDRA BANK LIMITED 1619262 1.11
The Management is proactive and the future plans look good.This is high risk business.Even if the listing is not bumper, this company will do good in the long run.