JK Tyre & Industries

JKTYRE (97.75) - Posted on 10th June as "Last hope and support 92--88

whereas it made low 78.20 on 30th June (mentioned downside target not attacked) ,from there, already moved up . that to, in the last two days with big volume and made high 98.80.

***

Now what next ?

Upside Resistance 98-101

But above that

next upside target 121-124

Now down side support at 92--88

Parachute ki Kasam

"The fox was running for his dinner, but the rabbit was running for his life." I n 1999, Harsh Mariwala, the Chairman of Marico received a call from Keki Dadiseth, the then Chairman of HLL (Hindustan Lever, now Hindustan Unilever or HUL). HUL, the granddaddy of the Indian FMCG (Fast Moving Consumer Goods) industry had decided to enter the hair oil segment through its brand ‘Nihar’. The segment was dominated by Marico via its brand ‘Parachute’. Flush from its success in dislodging Colgate as the market leader in the oral care segment, HUL wanted to dominate the hair care segment and intended to buy ‘Parachute’, the crown jewel from Marico. “Mr Mariwala, I will give you enough resources to take care of you and all your future generations. But if you do not sell… ". Mr Mariwala’s reply was firm, " Mr Dadiseth, you may think I am a nut but you will find I am a tough nut to crack. Thanks, but no thanks.” HUL has been in existence in the country since...

BPL - enter & exit game

When to enter is important & equally when to exit also. BPL (72.10) - Posted on 27th Sept. , when it was at 91+, and said as " At the optimum, the game comes to end between 100--110 that is what expecting now When one momentum ends , switch to another one" *** After this post, the highest high was 100.20 on the posted date of 27th Sept. and latest close was 72.10. **

In FY 2018-19 only a dozen stocks gave triple-digit percentage up move.

Happy to see that out of the 12 stocks, identified and covered 7 stocks, even though not at the edge, something is better than nothing.

MURUGAVEL

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