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Gabriel India

Discussion in 'Technical Analysis' started by verenmitter2001, Apr 18, 2014.

  1. verenmitter2001

    verenmitter2001 Member

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    IT, Education & Ex-Army officer
    Hi All
    I have come across this stock Gabriel india .
    The stock is in strong up trend. Can be bought with sl of 32 or a fresh entry point can be waited for.

    regards
    veren
     
    verenmitter2001, Apr 18, 2014
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  2. srspriya06

    srspriya06 Active Member

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    It touches 52 wk high. It is a breakout from 37 and made a high of 37.60.. Yes its a buy @ 37.5 for the target of 45 and stop loss of 32.7.. Lets wait for shabbir's advice.
     
    srspriya06, Apr 18, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Few things I don't like about this stock and here they are:

    1.37 has been a high for this stock in Nov 2010 as well and then it came from that level to almost 18 in a straight line.
    2. EPS of the stock has been down from 7ish to 2ish from 2012 to March 2013 and still stock has been going higher and higher.
    3. Book value has reduced to half from 32 to 17

    I like one more thing apart from good chart which is good sales turn over and so if you can justify the above it can be good stock to be added to your list of stocks to watch out for else avoid.
     
    shabbir, Apr 19, 2014
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