TTK Prestige stock to bounce back

TTK Prestige is one stock that has been bouncing back after making a low. It is reaching new highs after making a higher bottom Yesterday, it was hovering around about 3420 levels most of the time. You can buy the stock at these levels and it may soon see new highs, but in the mean time, it is sure to be volatile. It can be a good trading bet for the medium term

TTK Prestige stock may see some upside, then more downside and then a steady upside before it makes a new high and touches about Rs.4000.

Follow up comments:

Though TTK Prestige did not touch 4000, it reached about 3910 and gave a huge upside for investors. Hope you benefited from the rise!

Update on the TTK Prestige stock

you know what! TTK Prestige stock reversed from the previous high and then went all the way down to 3250 levels. I sold off some positions at 3850 levels and then reentered the stock at 3380 levels. Gained considerably. Now it is again reaching 3600. Waiting to sell again at about 3800 - 3900 levels and then reenter at lower levels. Do not sell all positions or buy too many because the stock can break out. I think it may break out on the upside and make new highs soon! Happy hunting!

Stock Pick Idea August 10th 2012

Hi friends.....Please note that JP Infratech stock has fallen about 7% today. You can start buying the stock at this rate. It may go down more in a few days, but within a few months, you will be able to see the stock price of JP Infratech reaching about 60 again. The returns to the tune of 25% within a year...tempting right!! High risk, high return investment idea.

SBIN (State bank of India) stock has crashed about 8% in the last few days. This stock may have fallen this much, but in a time frame of 6 months, it should reach about Rs.2200. This will work out to a return of more than 15% from the present level. This is only a medium risk investment or stock trading idea.

Bank stocks, especially the private banks of India are sure to do well in the long run. You can buy ICICI bank, HDFC bank and Yes bank as an investment.

Read this column for more Multibagger stock tips!!!

Update on 25th September 2012

SBI touched 2200 and musty have given a 15% upside in a few days for those who invested in it. JP Infratech is moving slowly towards the target.

Updated on 15th December 2012

If you had purchased the stocks like ICICI bank, HDFC bank and Yes bank when it was mentioned in August, you would have made a huge return. Yes bank has run up from about 300 levels to 460 levels this week. similarly, HDFC bank has run up to about 800 levels from about 500 levels.