Rupesh ji- Based at the choice of the companies you’re asking (now and earlier), we have two requests for you
a) Please start reading about fundamentals of the companies either in one the threads here or via annual reports.Then you would just ignore these type of companies.
Keep in mind that the market is a serious place and like any other proffession, it rewards only hard-working people who are ready slog in for gathering knowledge and analyzing.
If we treat the market as a gambling place then the returns would also be similar to what a gambler gets. And most of the times, gamblers end up losing and house takes all the money.
B) Learn some basic technical -knowledge by studying about stage investing here.
This is very basic and very easy to learn for anyone having an average IQ.
If you can get even 10% of whatever is written in this article and can practice it, then 90 5 of your questions would be automatically answered.
We’re addressing two of the companies that you asked -but we would refrain ourselevs if you ask about penny or kachra stocks in future as these are just wasteg of time for us, for you as well as other readers.
Vodaphone Idea
CMP 6.90
It would keep moving in between these yellow lines untill Birla group or givernment does not take a fresh approach to the same.
Any significant movement can happen only of it breaks these yellow lines on either side.
Monthly Chart
GSFC
CMP 129
A stage 4 stock…if it does not stop at 114 ( yellow line) , then it can come to 95-100 range.
On upside, it has strong resistance near 151 and 170.
Weekly Chart
Disclaimer – Not invested.
This post is just an effort for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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