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Aftek
No more downside!
Posted by :
chaniTracked by: 0 Boarder
AFTEK LTD has broken the falling trend down, which indicates an even stronger falling rate. The stock has resistance at rupee 35.00. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This weakens the falling trend and could be an early signal for a coming trend break. The stock is overall assessed as technically slightly negative for the medium long term. Watch out the rate of 10.55 very soon.
chani
...
In reply to:
No more downside!
Posted by :
Power-M
I am sure your doubt is cleared today. There is no point in capturing this 5% gain (.50Paisa) After it has fallen 71% already. Fundamentals are not at all looking convencing that is the reason stock is at current level. There are many times when market and other IT stocks were moving up with very good rally but this script was trying to touch its face value. This really shows very bad sign. You can expect Zicom locking upper circuit, which has shown good results and growth plans are very clear and crisp. Every one knows in market who is Zicom. I dont how many aware of Digihome / Aftek.
I wont be convienced that fundamentals are changing until script moves above 30 level with good volume rather showing once in a blue moon 5% move /0.50 paisa move here and there.
Also one question How do you come to know that Intel is investing in Digihome? Can you through some light on that? It will be appreciable.
Like other investors I am also waiting for good happenings in this corner but Dont know when it will happen? Everyone here is looking for some rock solid action plan rather than annoucement from Mr. Dhuru. I am not sure wether Mr Dhuru is really thinking about growth plans and identified why script is coming down.
cheers... Power-M
No more downside!
Posted by : Power-MTracked by: 0 Boarder
I am sure your doubt is cleared today. There is no point in capturing this 5% gain (.50Paisa) After it has fallen 71% already. Fundamentals are not at all looking convencing that is the reason stock is at current level. There are many times when market and other IT stocks were moving up with very good rally but this script was trying to touch its face value. This really shows very bad sign. You can expect Zicom locking upper circuit, which has shown good results and growth plans are very clear and crisp. Every one knows in market who is Zicom. I dont how many aware of Digihome / Aftek.
I wont be convienced that fundamentals are changing until script moves above 30 level with good volume rather showing once in a blue moon 5% move /0.50 paisa move here and there.
Also one question How do you come to know that Intel is investing in Digihome? Can you through some light on that? It will be appreciable.
Like other investors I am also waiting for good happenings in this corner but Dont know when it will happen? Everyone here is looking for some rock solid action plan rather than annoucement from Mr. Dhuru. I am not sure wether Mr Dhuru is really thinking about growth plans and identified why script is coming down.
cheers... Power-M
...
In reply to:
No more downside!
Posted by :
SAUSHE
Today when market fell from its highs to close in the negetive territory this scrip held its gains of 5 pct. The buzz is After the recent terror attack in mumbai the market for security products may take a big leap and the main beneficiaries could be Zicom, which is locked at 5 pct circuit for the second consequtive day, and Aftek which has its home and commercial security division, Digihome. Offlate digihome was not doing well as projected and the stake sale to intel didnt materialise.Now there is a hope for it to do well.
No more downside!
Posted by : SAUSHETracked by: 0 Boarder
Today when market fell from its highs to close in the negetive territory this scrip held its gains of 5 pct. The buzz is After the recent terror attack in mumbai the market for security products may take a big leap and the main beneficiaries could be Zicom, which is locked at 5 pct circuit for the second consequtive day, and Aftek which has its home and commercial security division, Digihome. Offlate digihome was not doing well as projected and the stake sale to intel didnt materialise.Now there is a hope for it to do well....
what is d nxt tgt ?
Posted by :
manTracked by: 0 Boarder
I would observe Mind tech movement in all respect before even touching this stock.
Mindtrek is at 240 and Azt is at 34.
Exchange ratio is 2:11
240 X 2 = 480 / 11 = 43.25 should be price for Az but it is very much lower in actual.
What can be reason for such a huge difference.
It a wild guess and if you are expert your guess should be ?????
All chartist pl give your inputs and enjoy....
In reply to:
what is d nxt tgt ?
Posted by : chani
AFTEK LTD has broken the falling trend down. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. The stock has resistance at rupee 34.00. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This weakens the falling trend and could be an early signal for a coming trend break. The stock is overall assessed as technically slightly negative for the medium long term.
chani
what is d nxt tgt ?
Posted by : chaniTracked by: 0 Boarder
AFTEK LTD has broken the falling trend down. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. The stock has resistance at rupee 34.00. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This weakens the falling trend and could be an early signal for a coming trend break. The stock is overall assessed as technically slightly negative for the medium long term.
chani...
In reply to:
what is d nxt tgt ?
Posted by : bh_pan
the stock price demands Mr.Dhuru must resign!
what is d nxt tgt ?
Posted by : bh_panTracked by: 0 Boarder
the stock price demands Mr.Dhuru must resign!...
This stock has already tested Long term investors....
Posted by : dk_bbsTracked by: 0 Boarder
Thanks for ur views, Happy Trading....
In reply to:
This stock has already tested Long term investors....
Posted by : chani
Neutral -Short term, Nov 18, 2008 Analysis Explanation
AFTEK LTD is within a falling trend. Continued negative development within the trend channel is indicated. The stock is approaching the support at rupee 13.50, which may give a positive reaction. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal for a coming trend break. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically neutral for the short term.
chani
This stock has already tested Long term investors....
Posted by : chaniTracked by: 0 Boarder
Neutral -Short term, Nov 18, 2008 Analysis Explanation
AFTEK LTD is within a falling trend. Continued negative development within the trend channel is indicated. The stock is approaching the support at rupee 13.50, which may give a positive reaction. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal for a coming trend break. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically neutral for the short term.
chani...
In reply to:
This stock has already tested Long term investors....
Posted by : dk_bbs
U r very corrct sir! Everybody wants his/her pound of flesh here. Why Mr Dhuru & Co. will avoid this when it is coming to them automatically. Thanks
Shift Partly to Patni & Sonata.
Posted by : RaviKunnathTracked by: 0 Boarder
I think that one can safely shift to Patni, Sonata etc. which are also beaten down and available at attractive valuations.
Aftek was below 40 during most part of the last year, and has not done very bad compared to the overall market.
One can even sell Aftek and buy some of the beaten down Realty stocks which have lost 90% from their peaks.
...
This stock has already tested Long term investors....
Posted by : dk_bbsTracked by: 0 Boarder
U r very corrct sir! Everybody wants his/her pound of flesh here. Why Mr Dhuru & Co. will avoid this when it is coming to them automatically. Thanks...
In reply to:
This stock has already tested Long term investors....
Posted by : fds
promoters objective is fullfilled may be they want to see the stock in single digit. no problem for those investor who have seen the worst.
curious question is what next.
how to trade aftek
Posted by : GuestTracked by: 0 Boarder
The Best Strategy at this point is don`t trade in Aftek.:-)
You can think buying when you will find aftek at 7 to 9 rupees. If it stays for 4-5 weeks at that level then revisit the technicals about the company. If you find everything is fine think of entering in the stock . Otherwise go for Heavyweight stocks like RELIANCE, BHEL, AXIS LT etc. Aftek is in deeply down mode. I have seen whenever stocks falls management tries to support the stock by purchasing it in market. But in Aftek case instead management is trying to lower the stock and bring it to 5 to 9 rupee level. There is nothing pathetic like this. If company itself is intrested to bring down the stock, then ONLY TARGET IS DOWN DOWN DOWN. so dont waste your time and money against this company of flower :0)....
In reply to:
how to trade aftek
Posted by : braintalks
how to trade aftek? what will be the short term target fro this stock?
how to trade aftek
Posted by : contrathinkerTracked by: 0 Boarder
why in the world have you chose Aftek?. This stock can only go one way, i.e. down. Am curious to know....
In reply to:
how to trade aftek
Posted by : braintalks
how to trade aftek? what will be the short term target fro this stock?
how to trade aftek
Posted by : braintalksTracked by: 0 Boarder
how to trade aftek? what will be the short term target fro this stock?...
This stock has already tested Long term investors....
Posted by : Power-MTracked by: 0 Boarder
When this script will touch single digit?. My observation is that script is exactly maintaining average 16 RS mark. This is exactly Half the price of promotor offer for Warrants @ 32 RS. Any logic behind this.
Cheers... Power-M...
In reply to:
This stock has already tested Long term investors....
Posted by : fds
promoters objective is fullfilled may be they want to see the stock in single digit. no problem for those investor who have seen the worst.
curious question is what next.
This stock has already tested Long term investors....
Posted by : fdsTracked by: 0 Boarder
promoters objective is fullfilled may be they want to see the stock in single digit. no problem for those investor who have seen the worst.
curious question is what next....
In reply to:
This stock has already tested Long term investors....
Posted by : dk_bbs
Guestji! The promoters r creating enough fear already taking cue from the market. Dividend is already credited thro ECS this year on 8th. Thanks
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