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Force motors

Discussion in 'Technical Analysis' started by sachin_chaudhary, Sep 26, 2017.

  1. sachin_chaudhary

    sachin_chaudhary New Member

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    Hello to all,
    Want to know ur views about Force Motors, Ashok Leyland, motheson sumi
    Basically I want to get in Automobiles sector.
    Thanks.
     
    sachin_chaudhary, Sep 26, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    All are good quality stocks and I booked out of Ashok bit too early. Entered at 82 and exited in a very short span of time at 92. So has moved on to Force and as I see more about this company. It looks quite good.

    Don't track Motherson Sumi but Motherson Sumi and WABCO are both awesome company to consider.
     
    shabbir, Sep 26, 2017
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  3. mailtoswarup

    mailtoswarup Member

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    I had invested in AShok Leyland at 40 and I got out at 90. Think got out a bit too early. I also want to enter again but I will wait. Recently I have started stuying technical analysis and whatever information I have gained , I see a support around 110. If it goes below that support it may come down to 102. So I will wait....
    Experts please correct me if I am wrong on TA . It will be a good opportunity for me to learn.
     
    mailtoswarup, Sep 28, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    Your levels are spot on. I also booked out of Ashok Leyland early in an anticipated correction lead by auto stock and so has moved on as of now because I see it has too much support in 3 figures now.
     
    shabbir, Sep 28, 2017
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  5. bhat64

    bhat64 Apprentice

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    I have been holding motherson since 180, been a great compounding machine and I plan to add more soon waiting for some correction. Motherson management is top class, debt is little high but great cash flow same time and its business is not dependent on fuel cars alone its products are needed in electric cars also. It has plants across the world. I see it become a Sensex stock in a decade time. I hold Wabco too entered at 5550. This is a moat company. Market leader but facing some growth issues right now due to overall economic situation especially Trucks and buses. All Heavy vehicles manufacturers are its clients.


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    bhat64, Oct 6, 2017
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  6. shabbir

    shabbir Administrator Staff Member

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    Both are top class companies and should be part of any portfolio for the long term. No second thoughts about it.
     
    shabbir, Oct 7, 2017
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