IVRCL; LANCO INFRA; JP ASSOCIATES; STRATEGY

IVRCL      CMP 56.1           BSE 17601

• Readers will recall that, in the earlier Posts we had stated that 49-52 is a strong support zone for the scrip.
• It is good to note that even in this third downleg which seems to have gotten over today, the Stock has taken support in the abovementioned zone, having touched an intaday low of 50.35 to close at 51.6 on 19/3/2012.
• With this, in the last three downlegs since 21/2/2012, the lowest closings of the Stock have been 49.65 on 27/2/2012, 50.45 on 6/3/2012, 51.6 on 19/3/2012 . This as we can all see are the classic 'higher lows' on down-turns exhibited by Scrips that are consolidating but couched at the same time in an underlying strong up-trend.
• So what does it mean for Investors; it simply means that the time is ripe to pick up the stock on all dips in the 49-52 range and hold for the long term. However, it is also true that one of these downturns will be the last and the scrip will break out on the upside, never to touch 52 again in the medium to long term !!! So keep your eyes peeled.

LANCO INFRA       CMP 20       BSE 17601

• For the last two months odd, I have been raving and ranting that 18.8 closing is a terrific support for the Scrip.
• I am happy to note that in the three downs in the last month, the Stock has never broken 18.8 closing basis; on 22/2/12 it closed at 19.5 (intraday low 19.05), on 27/2/2012 it closed at 18.9 (intraday low 18.65); on 7/3/2012 it closed at 18.8 (intaday low 18.3); on 16/3/2012 it again closed at 18.8 (intraday low 18.55).
• Short point is that if you get the stock in the 18-19 range BUY IT and keep for the long term.

JP ASSOCIATES      CMP 82.1          BSE 17601

• For this scrip, my continuos refrain has been that great support/base exists at 66-72 range.
• This is now amply borne out by the last 3 closing basis lows that the scrip has made in the last month; 70.10 on 27/2/2012, 69.6 on 6/3/2012, 75.4 on 19/3/2012.
• My friends, go and BUY the scrip with conviction around 70-72 levels and hold long. And when your investment doubles in the next 12 months, please do remember that you read it here first.

SEE ALL POSTS ON IVRCL RIGHT HERE
SEE ALL POSTS ON LANCO RIGHT HERE
SEE ALL POSTS ON JP ASSOCIATES RIGHT HERE
SEE COMPILATION POST ON INFRA RIGHT HERE