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Supreme industries

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 27, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Supreme industries is looking good and I am planning to get in.

    Negative is in the stock is trading with low volumes.

    Positives are many.
    Technicals
    Making high top high bottom from so long.
    Making life time highs again and again.

    Fundamentals
    sales are increasing YoY
    Jun '12 Jun '11 Jun '10 Jun '09 Jun '08
    Sales Turnover 2,965.30 2,468.98 2,014.88 1,651.92 1,310.22

    Net income is increasing YoY
    Jun '12 Jun '11 Jun '10 Jun '09 Jun '08
    Net Profit 240.52 174.97 144.83 97.38 51.11


    Networth 641.47 489.58 378.20 288.08 250.61



    I think that is more than enough.


    Share ur views how u r going to trade in that.
     

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    sanjay_sansanwal, Sep 27, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect. Looks like a multibagger.
     
    shabbir, Sep 27, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Wanted to add: Looking at low volume stocks, check out weekly charts and preferably 3 years charts.
     
    shabbir, Sep 27, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I have already checked and it is awesome.
     
    sanjay_sansanwal, Sep 27, 2012
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  5. tarak_desai

    tarak_desai New Member

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    Looking at the chart - its looks like slow and steady mover? We can't expect to jump 20-30 rupees in 15 days but definitely good returns in 3-4 months?

    Let me know your views.
     
    tarak_desai, Sep 28, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    That is always good because sharp up moves will be followed by consolidation even for good stocks. We see that in V-Guard.
     
    shabbir, Sep 28, 2012
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  7. tarak_desai

    tarak_desai New Member

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    Yes, its always good to have higher sucess rate with such stocks, shanti gears - same story, nify volatility is not affecting SG pricing much.
     
    tarak_desai, Sep 28, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Exactly. This is what I have been shouting on top of my lungs on my blog for years. Market can have any direction but that does not mean you cannot make money from market.

    News on TV is you are bound to make what market offers you.
     
    shabbir, Sep 28, 2012
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    No reply till date means no one interested to trade in supreme but I am and I will tell u when ever I get in.
     
    sanjay_sansanwal, Sep 29, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    There are replies in this thread.
     
    shabbir, Sep 29, 2012
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  11. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Sorry it is not about replies, it is about trading plan and no one is looking interesting to trade in that is what I mean to say.
     
    sanjay_sansanwal, Sep 29, 2012
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  12. shabbir

    shabbir Administrator Staff Member

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    It is one of those straight line stocks where you should buy and forget for some time and so need very less of a strategy.
     
    shabbir, Sep 29, 2012
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  13. drsuraimardi

    drsuraimardi New Member

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    Dear Sanjay ! I have bought Supreme Ind @280 and am confident about the company.The company is perfect and market leader in its segment and the chart is also good.No problem if you have the patience. I think 340- 350 can be achieved.
     

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    drsuraimardi, Sep 29, 2012
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  14. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Good to hear that, expecting 25% is not bad at all if u have patience so my question is how long u can wait and do u have stop loss in ur mind if not thinking for investment purpose.
    Let me clear u one thing I am not in trade till now just planning to get in and whenever I will choose to enter I will update my stop and target.
     
    sanjay_sansanwal, Sep 29, 2012
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  15. tarak_desai

    tarak_desai New Member

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    Very good stock which I am planning to get in once some cash gets free and if chart shows some good move when I am ready.

    Right now I am invested in 18 scripts to be exact and very difficult to track and manage. We all learn as we experience more....need to first clear up scripts and bring it to 10 and then get in new scripts.
     
    tarak_desai, Sep 29, 2012
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  16. drsuraimardi

    drsuraimardi New Member

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    One can keep a stoploss of 263 for Supreme ind and I do hope 6 mths time may be enough to achieve my target; but time is not a big deal in this company with all the good performances. Once it closes above 293 with good volume it may rapidly go to 320 and after that we have to again analyse things or wait.Sanjay I will wait for your views..Thanks
     

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    drsuraimardi, Sep 30, 2012
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  17. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Good thinking and analyze.
    I will update whenever I get in.
     
    sanjay_sansanwal, Sep 30, 2012
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