Consolidation prices of BFL, TAFL and GRAN

EquityChamp · 1 Consolidation prices of BFL, TAFL and GRAN Wed Oct 21, 2015 1:19 pm

EquityChamp

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BFL results out but the share failed to pass 240 mark but buyers are their to absorb quantities around 235. Similarly when GRAN & TAFL releases results we can see huge selling pressure but bargain hunters will collect around 110 & 150 respectively.

This indicates these 3 shares are going to consolidate and stay in those prices for couple of weeks before triggering the next move.

So I think BFL will stay around 235, GRAN around 110 and TAFL around 150.

What are your views on this?

fulltilt · 2 Re: Consolidation prices of BFL, TAFL and GRAN Wed Oct 21, 2015 1:28 pm

fulltilt

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Yes agreed

tommiya · 3 Re: Consolidation prices of BFL, TAFL and GRAN Thu Oct 22, 2015 1:49 pm

tommiya

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you are right, this would be the trend in the next three weeks as end Nov is the time for the next blast

fulltilt · 4 Re: Consolidation prices of BFL, TAFL and GRAN Thu Oct 22, 2015 2:39 pm

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Looks like BFL will consolidate around 225. Gran around 110. and TAFL around 145. Gran and TAFL will have super profits. Current mkt price of Day of Old chicks are over 100/- compared to 20/- about 6 months back. TAFL will benefit hugely with DoC's prices. Cost of production (maize) also down as seen in BFL's improved GP margins. Who ever sells that these prices will regret soon. As for me I am more than happy to collect more at these prices.