GSFC - attarcting buyers now on the lines of CG Power

By Research Desk
about 3 years ago

Yesterday we carrired an article on ART OF INVESTING, which teaches us to take fundamental call, by which one can create wealth. We gave the example of CG Power in this regard. But this philosophy has seen destroyed by the hourly experts and media, which has turned investors into traders (or read speculators), made them to buy a rising stock and sell the falling stocks, based on so called Technical Call. Net outcome is either to make seldomely small profits (and not create wealth) or make losses in majority of the trades.

This philosophy has seen percolated hard, which we noticed many times and now with GSFC after CG Power. GSFC was recommended by us to our members on New Year at Rs. 72.50, with 9 buy calls having been given on GSFC in January and February, 2021, with stock having given a gain of 22% alreday in less than 2 months and still counting. Obvoiously, stock did not rise one way and saw profit booking as well in 2 months. But we kept our bullish view intact, while advised more buying to our members in case of share seen correcting. But many investors do not buy on a fall.

GSFC yesterday hit 52 week high, saw huge delivery volume (read Little Gems Section of the Member Zone today as well on GSFC, where buying rationale has been narrated) having risen almost 10% yesterday. GSFC presently has 20% price band, and seen such stocks hitting 20% upper circuit as well, once accumulaton gets over, as seen in case of Hind Copper for last 1 week.

This implies that GSFC  has good upside potential in the next 6-8 months and certain to kiss 3 digit mark in a month, but need to see its next possible levels of 125 (this is not a Buy recommendation and all stock advise provided exclusively to our paid members in the Member Zone).

Hence same lesson is being repeated, respect and have conviction in your call, be honest with the stock and aim to make wealth and not profits.

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