Technical Analysis of Indian Equities by Nooresh

WellPack Papers and Containers Ltd – 300 times Returns in 2 yrs – Now dumped from 130 to 40 !!

Few months back i had mentioned about this stock is Wellpack Papers and Containers as a stock which is highly overvalued and manipulated.

After a few months the stock has since then declined to 40 levels from a high of 130 !!. Even at this price the stock is highly overvalued and is a SELL !

Hope the warning might have reached people on the net who blindly buy.

Given below is the current chart

 

WellpackPapers

 

NOW !! 130 to 40

Wellpack

 

Another stock which i am looking into is SVC resources which looks a similar story.

 

Wishing everyone a Happy Dhanteras

Regards,

Nooresh

 

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{ 17 comments… add one }
  • Mihir November 3, 2010, 15:12

    Nooresh,

    Wish you and your family a very happy diwali!

    Thanks for posting this…this enables us with more knowledge..

    One query – Kaveri seed, gone up to 380/,…u r view please…is it a good time to buy for 6 months view? or wait for come back to lower level?

    Thanks again!
    Mihir

    Reply
    • nooresh November 3, 2010, 23:26

      Hi Mihir,
      Thanks for the appreciation.

      Kaveri a time to book out fully

      Reply
      • Himanshu Gupta November 5, 2010, 14:11

        stopped out in kaveri seed @ 270 🙁 …. could’nt make profits

        Reply
        • nooresh November 5, 2010, 14:53

          Hi Himanshu,

          Had mentioned then the stock will test patience.

          Regards,

          Nooresh

          Reply
  • rk November 3, 2010, 15:46

    sir, there is ur post on this blog 2 years ago (the big debate-bottom for indices…) & what a analysis market exactly behave like ur thoughts………at that post u comment that some analyst were thinking that market will make its bottom around (november 2010) is it still intact?
    i think we might be very close to the 5th wave from march2009 lows…(or its happened allready with 6284?) please throw some light on that, as we runup so hard & fast will invester getting chance to enter in market around that level where nifty makes 17% something huge gapup opening or it is now only a dream ????????? thanking u plese reply

    Reply
    • nooresh November 3, 2010, 23:26

      Hi Rk,

      The view then was March 09 as the bottom area. I expect a top out around 22.5k/24k for now.
      Well i dont look into the internal wave structure but the current B wave can do 123.6% also.
      In my personal view you may not see 12k !!

      But there is a good possibility of a nice deep correction after this move but we will see as it goes.

      Reply
  • teju November 3, 2010, 17:39

    Hi,

    You are doing marvelous job of educating investor.
    Please guide me in tulsi extrusion.

    Reply
    • nooresh November 3, 2010, 23:23

      Hi Teju,

      Tulsi also seems to be a similar case of a pump and dump on technicals. I have my reservations on stock listed in last 2-3 years

      Reply
  • Asawari I. November 3, 2010, 17:50

    Hello Nooreshbhai,

    Your blogs are always eye-openers to all the readers. Small investors may get trapped in sharp moves & fake trading of stocks. Thanks to you for throwing light on it.

    Wish you & your team, a very Happy Dhanteras!! 🙂

    Reply
  • Asawari I. November 3, 2010, 17:50

    Hello Nooreshbhai,

    Your blogs are always eye-openers to all the readers. Small investors may get trapped in sharp moves & fake trading of stocks. Thanks to you for throwing light on it.

    Wish you & your team, a very Happy Dhanteras!! 🙂

    Asawari

    Reply
    • nooresh November 3, 2010, 23:22

      Hi Asawari,

      Just sharing some insights when i can 🙂 . If i focus on them then there are just too many stocks being rigged

      Reply
      • payal November 9, 2010, 13:54

        just keep writing the stocks name so investors dont get into them…
        dont write more..

        Reply
  • vivek November 4, 2010, 00:59

    Hi nooresh,
    Happy Dhanteras . Today i bought 1000 shares@Rs.165 of Globus Spirits Ltd.. Please give the targets . Can it go to Rs.200

    Reply
  • Phani November 4, 2010, 10:00

    Hi Nooresh,

    I am having 200 shares of satyam ( purchased at 105/- ) . Can you please share your thoughts whether i can hold them or not?

    Thanks,
    Phani

    Reply
  • Phani November 4, 2010, 10:01

    Hi Nooresh,

    I am having 200 shares of satyam ( purchased at 105/- ) . Can you please share your thoughts whether i can hold them or not?

    Thanks,
    Phani

    Reply
  • Ashish November 4, 2010, 16:13

    Is Zicom on same track? Do you know whats happening with that stock, Nooresh?

    Reply
  • BHAGIRATHSINH November 4, 2010, 17:33

    SIRJI IT’S GIVE BONUS 3:4

    Reply

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