The Stock Market thread

[mohit9206]

We are in full fledged bull market. Any correction is sharp and swift in bull market. And just as quick recovery. Not to mention Pharma is going to be one of the leaders of this bull run.

[KunjanPSD]

19 minutes ago, Bird Bird Bird said:

Laurus is now fully in bearish zone. Below 200ema on D charts. 

 

 

Shared bearish divergence on W charts a few days/weeks back. Didn't know it was this powerful ! 

Getting back won't be easy IMO. 

Only earnings will drive up the price.

Laurus has almost 60% dependence on China but this fall is a pre-reaction to the results. Every other Pharma company is facing this issue.

Hikal, Laurus, Sequent, Strides etc every one of them will be hit. And possibly will be hit in next 2 quarters as well.

 

Only thing remains to be seen if the market will make these drop more after earnings or it is pricing it all in.

[KunjanPSD]

8 minutes ago, mohit9206 said:

We are in full fledged bull market. Any correction is sharp and swift in bull market. And just as quick recovery. Not to mention Pharma is going to be one of the leaders of this bull run.

Pharma is not a single sector.

It has 10 different variants. 

Understand the business because otherwise your Pharma stocks might not perform.

[mohit9206]

Pharma is not a single sector.
It has 10 different variants. 
Understand the business because otherwise your Pharma stocks might not perform.

Yeah you're right. I only have Cipla. Haven't purchased anything else.

[KnackChap]

1 hour ago, blitzkreiig said:

My avg in Laurus is 630, should i stay put.

Average if it goes below 500 till 450. 

[KnackChap]

My PF & today P/L right now  

 

Not a reco but Laxmichem is looking good if it goes below 400. 

[KunjanPSD]

Added Laurus at 525.

Will add more near the results.

[KunjanPSD]

33 minutes ago, mohit9206 said:

49 minutes ago, KunjanPSD said:

Pharma is not a single sector.
It has 10 different variants. 
Understand the business because otherwise your Pharma stocks might not perform.

Yeah you're right. I only have Cipla. Haven't purchased anything else.

Cipla is actually better placed than most Big Pharma guys.

But it's gonna be tough for everyone.

[dante77]

Wanna buy badly. Not sure what to sell to buy these at cheap. Should have sold Adani Ports yesterday, now it is showing its true colors. Borosil even in Diwali times is sucking like sh*t.

[dante77]

I am thinking of getting Nykaa IPO, I see a lot of growth in it. What are your thoughts?

[dante77]

Dp

[KunjanPSD]

48 minutes ago, dante77 said:

I am thinking of getting Nykaa IPO, I see a lot of growth in it. What are your thoughts?

For listing gains it is good but valuations wise, it is out of whack.

I was expecting it to hit at around 10x sales and it is coming at 23x sales while other global companies in same sector listed around 3-4x at the same stage.

[KunjanPSD]

New day, same story.

[Bird Bird Bird]

Nifty falls by 0.5%, PF falls by 4%. 

 

Kya gazab selling hai. IRCTC ke to laude lag gaye. 

 

My months old Ingrevia GTT got triggered and executed. 

[R1shabh]

Placed order for SGB via Zerodha today. Seems good as its for 4711 /g while market rate is 4950. 

[rushab oswal]

5 minutes ago, Bird Bird Bird said:

Nifty falls by 0.5%, PF falls by 4%. 

 

Bruh same, absolutely getting hammered from all side lmao 

[KnackChap]

Irctc .

 

Jisane bhi 5.5 ke upar liya 

[Bhpian Bali]

5 minutes ago, Da Gabru said:

Placed order for SGB via Zerodha today. Seems good as its for 4711 /g while market rate is 4950. 

Vro taxes. If you were to sell sgb today it would fetch lower than 4711. You wont be able to sell sgb for 4950.

[KnackChap]

Can you sell SGB? I don't think so. It's also giving you tax free interest so there's that too. 

[dante77]