Prakash Steelage Ltd IPO Message Board (Page 3)

Dear Natarajan& SJ,
Shorted at 216 with stop loss of 222.

KK

It is just going down one way

That is down...howeve nobody can say it will go up or down

As long as it does not cross 233 it is down

Support of 220 is broken

Next level to watch out is 172-178 level

Come out or it will go Aster Silicates way :(

Which way will Prakash Steelage go?
The Aqua Logistics way? The Thinksoft way? The Aster Silicates way?
Can anybody guess?

wow ravi....

You do ncdex too

well i dont do chana jeera etc....coz usme bohot time dena hota hai....to understand demand supply......

Obviously when you are totally absorbed..in that how can you do prakash.....i understand

Commodities esp. Agri absorb lot of time.........

I also deal in commodities myself and advice few hni clients i have.....

But i do preciuos metals, crude and some metals ike steeel flat copper and alimunium.....usme hi mera brain drain ho jata hai to understand how much concentration you might be having......

Anyways if u see some technical readings in prakash timmorow plz post......

Regards

setu

508. SJ

I just did not concentrate on Prakash Steelage. I thought of shorting Prakash Steelage when I got buy call from my friend / trader in Religare. But, I have positions in Potato & Jeera & ignored equity market.

ravi ....

ha ha ha...

i took some risk

aise bhi market thanda tha

khali tha to i did trading

what stopped you from doig 100 shares you could have also got some physical profits

anyways what you think...since closing is 223.50 ?

504. Ravi, Bangalore
thanks ipo apply 146 share i sell rs 240 so i have profit
i see your messange all thanks prakash me se exit hogaya
i wait for new ipo thanks

505. sj

Yes. In mind-trading, I made lot of profit.

dear ravi

lol....my honeymoon started.....

I saw it dint cross 232.....so sold at 228 again it made low of 212...for a fraction.........bought at 216........

I think this confirms that there is heavy selling pressure

if it doesnt cross 233....downtrend is confirmed...coz there is huge supply witnessed their today

well i made my profits today...

Tommorow will confirm wether honeymoon for this stock is over or not

are you trading in it....whats you call buddy...?

503. newipo

Don't short without proper information or analysis by yourself. Your fancy name indicates you are new to IPO. If you loose here, you need another 2 - 3 good IPOs to recover your loss. Once you get struck in loosing streak, it becomes very difficult to get rid of that vicious circle / Chakravyuha.

It can bounce back anywhere in 220-178 zone. It has already bounced from 178-173 zone.

This is not a buy call. It is only my side of information. Use this information as a supplement to your information & analysis. It is too early to take any decision about this.

502. Ravi, Bangalore
Prakash me down trend start hoya? please
toworrow sell/purch/short sell?

499. sj

It witnessed high volume selling in 242-222 zone between 1:00 to 1:10 p.m. Rest of the trade done by intra-day speculators.

Is honeymoon over? Still, it is too early to decide anything.

Pepoal made profits in Praksh. They should buy Pradip overses ltd. Pradip is ready for take off for Rs. 150/- +++ with in 1-2 months time.
Fundametal pradip is good stock. Very good accumulation done around 87 to 90. Last chnace to buy you will see 20 % upper circuits with in this week only.
If any one invested in one year you can see 200/- ++.

It is facing resistance in 229-234 zone. Support in 223-220 which I hope will not break today. Day low 217.

This is purely intra-day call & only provisional analysis.

dear ravi

how are you buddy..

ya i know you need 5 days.....however i was not taking technical call...

My logic was if after auction period i.e. 1 p.m it stops going up that means auction is more or less over....

Anyways fundamental did not justify...

So i sold at 240 covered at 225 average price.....

I covered/ coz ithen it was again gathering steam and so i covered....

covered all

it still has steam

Well i think enough profit for one day

Shreedhaaaaaaaaaaarrrr

Now 221

Shreedhar kahan ye yaar

Have you shorted..?

sHREEDHAR

sOLD AT 242 1000 shares

gOING DOWN DOWN NOW 232

cOVERED half

WILL LEAVE LESS FOR 3:30

sTOP LOSS AT 260

hey meter down down down down down .......

Yahan pe zindagi ki har khushi

rupiya hai yah dollar yah pound

Meter dowwnnnnnnnnnnnnnn

443. Sj

It has limited trading history. Technical analysis likely to go wrong.

The basic rule is never short the stock which is going up vertically. Similarly never catch the falling knife which is falling vertically.

This stock is vertically going up.

Chart pattern suggests, Operators hand changed in 178-173 zone. I have sold my one full application at 185 & don't want to trade till I get minimum five days trading history.