Cox and Kings (India) Limited IPO Message Board (Page 2)

Cox and Kings @ 456 and soon to go 500+
Buy it

not much price movement....news is that cnk acquires 2 travel co's in australia

382. KSK

ACCUMULATE in 419-416 range during intra-day. Stop-loss should be 375 (or EXIT if closes below 420). Target 478-504 area.

If stop-loss breaches, it may fall to 343.

As long as it trades above stop-loss above, don't worry about any news / romours.

Right now, it is better to be on BUY side.

@Ravi, Bangalore : strange today it moved from 438-->430 any news ...

ACCUMULATE in 426-420 area. Stop-loss should be below 380. Target 482-507 zone probably by 31/12/2009. As long as it holds stop-loss level, it is bullish.

If 380 is breached, fall to 343.

Refer Post No. 295.

Long-term technical view would be clear after December. However end of January (one month after listing), charts would be crystal clear.

378. Nikhil

Not coming Friday. Next Friday in weekly chart.

With yesterday's movement, perhaps before 31 December.

@Ravi, Bangalore.
- Did you mean target of 478 around this Friday (Wednesday, as Friday is Market Holiday). Only two trading sessions are left now.
- What are your long term views for Cox & Kings?
- What kind of target you have around January End?

I would appreciate your views.

Thanks,
-Nikhil

376. K.K.Natarajan / 374. KSK

It may hit target by Friday. Investors should keep in mind the stop-loss and target already mentioned.

As the day passes, more clarity would emerge in charts. As it is new listing & does not have trading data for at least one month, it becomes even more difficult to predict time horizon vis-a-vis price projection.

Nifty trailing P/E is above 22. Investors should be careful. Stop-loss is important. As per history, Nifty trades at trailing P/E of 18 most of the time and trailing P/E of 16 is good investment opportunity for long-term investors. Trailing P/E above 22 means, correction may be round the corner.

Only exception is 8 years super-cycle. I have already explained about Markets' 8 year super-cycle. Last year we were sitting on such cycle. Now, in all probability, normal bull-market correction.

As long as stop-loss in place, trading long is good strategy. Nifty closing below 4942 OR breaking 4806-4765 during intra-day is signal to SELL. This view is valid till December expiry. My view may change after expiry.

DISCLAIMER
This is my personal opinion based on technical analysis. Investors should do their home-work before taking any decision.

@Ravi, Bangalore
Thanks Ravi. It was a message from some Ravi Co., Bangalore asking to short sell Cox & Kings on Monday with a promised target. The language made us suspect it could not be from you.

373. K.K.Natarajan

I have not seen what message was posted in Message No. 372 earlier. My opinion is bullish subject to stop-loss.

I lost visited this web-site on Friday around 5:00 p.m.

Seems there are wannabe Ravis here :)
372.seems to be the original one...

January should be good for this stock ...Hope the market doesnt go down before January...

@ 371 and 372,
Are Ravi, Bangalore and Ravi Co., Bangalore one and the same? It doesn't seems so. I have found Ravi, Bangalore's comments to be knowledgeable and measured and not misguiding. Ravi, please clarify.

RAVI LOOKED U SELL UR SHARE ON ALLOTMET AND THIS IS FRUSTRATION.YOU CAN SHORT IT ON MONDAY BUT PLEASE DONT GIVE WRONG ADVISE TO OTHERS.
EVEN IN TODAYS MARKET THIS STOCK IS UP.PEOPLE SHORTING WILL BE CAUGHT .

THIS IS QUITE A FANCIED STOCK.I SEE THIS STOCK REACHING 600 IN JAN.

370. KSK

417-409 support. Target 476-502 zone. Stop-loss 385

My opinion remain unchanged

bought@409 ...sold@423,....Choppy trade day...
Any predictions anyone?

Yusuf Ali,

You can visit moneymarkets.in for learning technicals....
they conduct classes also.... I have attended the classes which I found very useful.....

regards
Adarsha

Hi Ravi@367
Pretty good stuff.Very sensible too.
Is some one into this for time pass or to make serious money is to be answered first.

You are very right about the timing part by using TA.

Any place for learning TA for beginners.website,book etc
Thanks

As an investor, you need to buy a scrap-shop weighing machine. When all the reports on a stock or sector are light, it means ‘buy’. Conversely, when the TV / Financial Magazine Analysts reports add to several kilos then ’sell’! So, after all, recommendations given openly by TV / Financial Magazines do have a very useful function but not through its content but weight.

1. Develop a personal investment philosophy
2. Develop a personal system for selecting, buying, and selling investments.
3. It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
4. If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.

Some market participants use both when selecting investments, using fundamentals for identifying sound investments, and then using Technical Analysis to time their buying and selling.

Regardless of how you use technical analysis, it should not be ignored completely. When it comes to finding good stock market investing strategy, information is power, so you’re not doing yourself any favors by ignoring the charts. While extremists deny the utility of technical analysis, most reasonable people concede it has its place. Many major brokerage houses hire chartists, and the financial media often refer to it. At worst, learning Technical Analysis will lead to a more thorough understanding of the market; at best, it will prove to be a valuable money-making tool.

Hi Ravi@364
This is rather complicated for a novice and some body who is not familiar with software and computers.
All we can do is type with 2 fingers and visit websites like chittorgarh,moneycontrol for direction.
Thanks for the information.