Core Education & Technologies closed at 295.25 on 22nd February 2013. In 3 trading sessions has fallen to Rs. 60 a drop of 5 times its price value.
Some of the points we can discuss here wherein we will try to bring into light was the selling expected ?
From December 2010 - 22/02/2013 stock traded int he range of 250 to 350.
The questions to be asked here is ?
Did the fundamental analysis predicted the Buy/Sell for the stock ?
It's a question for me because I am not much into fundamentals as I believe price action (i.e., supply demand) and technicals. Fundamentals is the common sense one should apply what is the business ? what is the market cap ? competition or peers ? Potential growth ? according to me.
Although I can read basic balance sheets over past five years company has shown a consistent rise in Net profits and EPS. The book value has been increasing consistently over past five years along with the debt and total liabilities over the years have been a concern.
Did the technical analysis predicted the Buy/sell for the stock ?
To be precise Yes. Technical analysis applied in an appropriate way would have at least protected investors capital. It was a clear distribution pattern most of the bigger players sold off. Only one of many technical indicators indicated it was not a buy at all, If the investor would have done proper research applying technical analysis they would have not entered or exited the holding positions. From past 2 years mostly retailers got stuck and now near the budget most of them have been trapped are in a disarray.
Why wasn't the circuit for the stock being capped ?
This is the Indian system anything can happen feeling sorry to say this. It happens only in India. Although SEBI is investigating the probe of sell off. The results of it in the coming days only can tell us.
But my only question here is, will the investors get their money back what ever the technical flaw for capping the lower circuit has happened ?
Any of the fundamental or general views will be appreciated as comments.
Its had a multiple support zone @ 46 - 54 made a low of 49.65 and the stock has bounced back to 71 odd levels giving a returns of 40% from lows. can bounce up to 90 odd levels in coming days.
so price action is the ultimate thing as short covering can be seen in the counter
To know more about your existing and future investments contact us on www.fortunfin.com or e mail us on rvangadi@fortunfin.com or +91 78291 55900.
Disclaimer: The above expressed view are individual basis. So solely consult your individual financial advisers to buy/sell/invest in stock markets consult your personal financial advisers. Also the article is written and published in general. The author is no where liable to any of the calamities as its opinion based.
Some of the points we can discuss here wherein we will try to bring into light was the selling expected ?
From December 2010 - 22/02/2013 stock traded int he range of 250 to 350.
The questions to be asked here is ?
Did the fundamental analysis predicted the Buy/Sell for the stock ?
It's a question for me because I am not much into fundamentals as I believe price action (i.e., supply demand) and technicals. Fundamentals is the common sense one should apply what is the business ? what is the market cap ? competition or peers ? Potential growth ? according to me.
Although I can read basic balance sheets over past five years company has shown a consistent rise in Net profits and EPS. The book value has been increasing consistently over past five years along with the debt and total liabilities over the years have been a concern.
Did the technical analysis predicted the Buy/sell for the stock ?
To be precise Yes. Technical analysis applied in an appropriate way would have at least protected investors capital. It was a clear distribution pattern most of the bigger players sold off. Only one of many technical indicators indicated it was not a buy at all, If the investor would have done proper research applying technical analysis they would have not entered or exited the holding positions. From past 2 years mostly retailers got stuck and now near the budget most of them have been trapped are in a disarray.
Why wasn't the circuit for the stock being capped ?
This is the Indian system anything can happen feeling sorry to say this. It happens only in India. Although SEBI is investigating the probe of sell off. The results of it in the coming days only can tell us.
But my only question here is, will the investors get their money back what ever the technical flaw for capping the lower circuit has happened ?
Any of the fundamental or general views will be appreciated as comments.
Its had a multiple support zone @ 46 - 54 made a low of 49.65 and the stock has bounced back to 71 odd levels giving a returns of 40% from lows. can bounce up to 90 odd levels in coming days.
so price action is the ultimate thing as short covering can be seen in the counter
To know more about your existing and future investments contact us on www.fortunfin.com or e mail us on rvangadi@fortunfin.com or +91 78291 55900.
Disclaimer: The above expressed view are individual basis. So solely consult your individual financial advisers to buy/sell/invest in stock markets consult your personal financial advisers. Also the article is written and published in general. The author is no where liable to any of the calamities as its opinion based.
Its had a multiple support zone @ 46 - 54 made a low of 49.65 and the stock has bounced back to 71 odd levels giving a returns of 40% from lows. can bounce up to 90 odd levels in coming days.
ReplyDeleteso price action is the ultimate thing as short covering can be seen in the counter.