Allsec Technologies

After having fallen to such a low levels of prices, it attracted increased buying and thereby got lifted up to a high of Rs 59.90 in May 2010.After having risen to Rs 59.90, the share once again attracted selling and entered a bearish trend to have fallen to a lower low of Rs 9 in January 2012.It then attracted buying in the form of bargain-hunting and thereafter fresh investment buying li
MP:282.45; FV: 10 During the unprecedented stock market boom in 2007-08, when most of the shares hit their life-time highs in January 2008, the Allsec Technologies share had already scaled its life-time high of Rs 373.85 in January 2007, and thereafter when the markets were still rising, it turned bearish and was on its way down, to a low of RS 17 in December 2008.
After having fallen to such a low levels of prices, it attracted increased buying and thereby got lifted up to a high of Rs 59.90 in May 2010.
After having risen to Rs 59.90, the share once again attracted selling and entered a bearish trend to have fallen to a lower low of Rs 9 in January 2012.
It then attracted buying in the form of bargain-hunting and thereafter fresh investment buying lifted it up to a high of Rs 83.75 by January 2013.
However, the market trend that time being still bearish, it was forced to join the downtrend with a result that it dropped to a low of Rs 18.15 in September 2013, a month after the general market trend turned bullish after bottoming out in August 2013.
It was this uptrend that helped the scrip not only to go sustainingly up but also made it immune to the frequent corrections that the markets faced ever after they turned bearish from August 2013 bottoms. The share of Allsec Technologies rose to Rs 290 on Friday of the last week before closing at Rs 282.45, thus distinguishing itself as a bullish scrip fit for buying for short-term gains.Deepak Nitrite
MP:102.85; FV: 2 When the markets had crashed post the 2007-08 unprecedented stock market boom, the share of Deepak Nitrite had also plunged and formed a final low of Rs 7.38 in February 2009, before entering a fresh bullish trend.
However, the uptrend in this particular scrip was not as strong as in most other ones and therefore it could rise only up to a high of Rs 32-33 and thereafter continued to rule below this level for quite some time. But, when it broke up above this range in February 2014, it soared to a high of Rs 106 in just five months' time in June 2014.
The spectacular gains in such a short time span attracted many investors to book profit as a result of which it started to going down but only hesitantly and therefore, slowly too. It, therefore, took nearly 15 months to give up half of the gains that it had notched in the five-month period of rising trend. This hesitation in going down and unwillingness to decline much, made the scrip enter in the list of most-preferred scrips for buying.
It was, therefore, due to this reason that the share no sooner fell to a low of Rs 54.50 in September 2015, then fresh buying started and lifted it up to rise up to a high of Rs 106.20 before closing at Rs 102.85 on Friday of the last week. Thus, the share has entered a fresh uptrend and therefore suggested for buying for medium-term investing.NBCC
MP: 245.65; FV: 2 NBCC is a public sector undertaking and engaged in the business of engineering and construction activities and doing well in its endeavour to reward its stakeholders.
The company's only 10 per cent shares are currently listed for trading on the stock bourses and the Government of India, the original owner, is planning to offer another 15 per cent stake very soon.
Its share had scaled to a high of Rs 239.60 on August 6, 2015, and thereafter fell sharply to a low of Rs 162.25 immediately on August 25.
After having fallen so sharply and within a very short time, it rallied a little and once again fell but this time, up to a low of Rs 164.45, thus forming a double-bottom pattern on its chart that once again helped it to rise but this time too, not very significantly.
It was this hesitancy that was displayed by it on the chart, that once again prompted holders to offload and sent it sharply down and it was thus a third and still a higher bottom was established.
The triple bottom formation on its chart attracted many followers of technical analysis to go for buying this share that sent it up to a high of Rs 250 before closing at Rs 245.40 on the last trading day on Friday, thus making it a technically strong scrip. The share is therefore suggested for buying for medium to long-term investing.












