Wannabe-savvy investors like you and me have the onerous task of not only keeping an eye on the fundamental aspects of a stock but also on its technical aspects.
Fortunately, we have leading experts holding our hands and guiding us on the path, every inch of the way.
A few days ago, on the auspicious occasion of Diwali, we had the unique privilege of being educated about the fundamental aspects of Heritage Foods by none other than Vijay Kedia. Vijay Kedia patiently explained to us why Heritage Foods has a chance of giving 6-bagger gains owing to its management quality, debt-free status, undervaluation and ambitious expansion plans.
Now, Himanshu Gupta of Traders Choice has come forward to explain the technical aspects of Heritage Foods.
Himanshu Gupta claims that Heritage Foods is in a “blowout phase” and that it might “move like Rajesh Exports in the next 6-8 months”.
(Image Credit: Traderschoice)
In support of his claim, Himanshu has annexed a chart which shows the gradual upper trajectory of Heritage Foods since July 2014. Himanshu has emphasized the fact that Heritage Foods has posted a three-fold rise in net profits in Q2FY16. His implication appears to be that the strong fundamental performance will further fuel the upward trajectory of the stock.
The comparison of Heritage Foods with “Rajesh Exports” is very significant. Himanshu claims to have recommended a buy of Rajesh Exports on 19th March 2015, when it was at Rs. 218. Today, about nine months later, Rajesh Exports is at Rs. 685, giving mind-boggling gains of 225%.
@Tradersschoice RAJESH EXPORTS Which We Recommended at Life Highs 218-220 on 19 March went Up 350% in Just 8 Months !! Heritage Foods Next !
— Himanshu Gupta (@Tradersschoice) December 4, 2015
Heritage Foods is exhibiting the same characteristics as Rajesh Exports, Himanshu says. Like Heritage, Rajesh Exports was also in a “blowout phase” owing to its strong fundamental performance.
Now, we have to eagerly wait and watch whether Himanshu Gupta is proved right and how long it takes Heritage Foods to delight its shareholders by giving multi-bagger returns!
Beware!! Such tips can ‘BLOW OUT’ buyers of overbought/overvalued scrips. Afterall, the bigshots may have bought them at rock bottom prices & now tell you to buy at sky high prices, so that they can offload their holdings & book profits, while your losses start ticking as soon as you buy. A recent example: Daljeet Kohli shouted that Majesco is a buy with a target of 800 to 900, when Majesco was quoting at 670 or so. Just after a few days of Daljeet’s big tlak, today Majesco is down to just 565 !! So, BEWARE of such overpriced tips even if they come in the name of so called whizkids!!
Well dude, its not his fault that you invested all your money in one stock. No one can be right all the time and that’s why you have to keep strategy so that your looser stocks should not end up eating your all money.
He has given more winners than his loosing stocks that’s the reason why he still have his job as an analyst. By the way I don’t see anything wrong with Majesco, its just undergoing through little correction, once its over it’ll most probably regain its upward momentum.
Can’t figure out why so angry for no apparent reason.