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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PAP sinking.. no support, no resistance!

PAP sinking.. no support, no resistance!

+2
seyon
xmart
6 posters

Go down  Message [Page 1 of 1]

1PAP sinking.. no support, no resistance! Empty PAP sinking.. no support, no resistance! Fri Feb 18, 2011 9:42 pm

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

xmart wrote:I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?


You must have to wait till this quarter results out

Happy Trading

watch


Equity Analytic
Equity Analytic

PAP SHOULD BE ATTRACTIVE. INVESTORS KNOW PROFITABILITY OF HYDRO POWER SECTOR.BUT THERE IS NO BIG ATTRACTION IN THE IPO. WHY THINGS HAPPENED LIKE THAT? IS THEIR ANY HIDDEN OR UNDISCLOSED Factor ?



Last edited by watch on Sat Feb 19, 2011 11:55 am; edited 1 time in total

mark

mark
Expert
Expert

i don't think it to go below 3.90 level,it is attractive at current levels,but the good thing is to to buy it at bargain price.....

5PAP sinking.. no support, no resistance! Empty Copyrights Sat Feb 19, 2011 7:34 pm

SmartMoney

SmartMoney
Senior Equity Analytic
Senior Equity Analytic

Hey Mark , you stole my avatar Evil or Very Mad
Heheh, lol Wink

mark

mark
Expert
Expert

SmartMoney wrote:Hey Mark , you stole my avatar Evil or Very Mad
Heheh, lol Wink
ooppssssss....................sorry bro.................... Smile Smile Smile
but both are not same.. lol!

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

even in case of 500 mn shares it is worth around 5.50 Rs. one director bought around 7 Mn shares @4.90.

I would buy more PAP but problem is i have no much money, i guess even now i may be in top 500~600 shareholder list. but @4.25 Razz



achala75


Senior Equity Analytic
Senior Equity Analytic

xmart wrote:I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?

I think this is a good price to buy. Anyway u have to make your own assessment to take any action. this is my view only.

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