Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Monday, April 13, 2009

Punj Lloyd is likely to continue the upward march ( Part of rakesh Jhunjhunwala Portfolio)

For your information only

Looking at the chart of Punj lloyd, it appears that it is unlikely to break the support of Rs 105-110. This support was formed on 27 /07/06 i.e approximately 3 years back. By going below this support it had gone into unknown territory but like every body says that it is a L&T in the making, you can't keep it down for very long.

It appears that after consolidation it would take support at Rs 120 and then Rs 150 - Rs 160. Support of Rs 150 was formed on 25 Aug 06. Therefore, investors are advised to take a prudent call and decide their course of action.

As far as I am concerned, I am bullish on this stock for long term. In a period of 4-6 months, it should rise to a very strong support of Rs 300/- and then consolidate there for few months.

As per Mar 09 shareholding pattern of the company, Rakesh Jhunjhunwala continues to hold 5,040,000 shares of Punj Lloyd

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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