MBSL XD on 27th

RIO · 1 MBSL XD on 27th Sat Jun 18, 2011 10:49 am

RIO

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This is a reminder ...MBSL XD will be on 27th Monday (Rs.1.25 per share)
Last week before the XD date & if purchased on this Monday, then T+5 falls exactly on 27th Monday...Lets see how the collection goes on....! Very Happy

I highly believe MBSL is one of the most undervalued Share in the Banking sector....!
(it should trade at least 64 ~ 68 levels now if CSE is driven by Fundamentals)

This is not a buy/sell recommendation...do your own home work before deciding...!

Last edited by Quibit on Sun Jun 19, 2011 9:58 am; edited 2 times in total

Jana1 · 2 Re: MBSL XD on 27th Sat Jun 18, 2011 11:27 am

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yes it should be. before XD I strongly believe at least 50.. Let c... Smile

TortoizePlus · 3 Re: MBSL XD on 27th Sat Jun 18, 2011 11:56 am

TortoizePlus

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MBSL is good in all fundamental but in CSE you need some extra factors to get the share to a new height. I am also having 15% of MBSL in my portfolio.

Rajee · 4 Re: MBSL XD on 27th Sat Jun 18, 2011 1:41 pm

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Yep... MBSL is a good counter with a high potential. Hope there'll be some positive results in the coming weeks...

Slstock · 5 Re: MBSL XD on 27th Sat Jun 18, 2011 2:10 pm

Slstock

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Below is a post I made on MBSL when this forum was in baby stages few months ago. I still would say the same about MBSL. The prices now are even more attractive. MBSL ran to Rs 56 and more recently Rs 52 and now at low levels.

http://forum.srilankaequity.com/t108-mbsl-a-good-pick?highlight=mbsl

xhora · 6 Re: MBSL XD on 27th Sat Jun 18, 2011 7:55 pm

xhora

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seems like MBSL bounce off that tested Rs.45 support level on 17th
It has touched this support 4 times in last 6 months and everytime has bounce back strongly. RSI is in 40 range but this has never gone below than that. One concern is MACD it's no where near a crossover. This time and second time has much in common in both RSI & MACD charts.

Please see the attached Dfn chart and comment on this.
MBSL XD on 27th Mbsl110

To see the full size picture Click Here

chamith · 7 Re: MBSL XD on 27th Sat Jun 18, 2011 8:11 pm

chamith

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MACD is a bit slow indicator. Use Stochastic Oscillator

RIO · 8 Re: MBSL XD on 27th Sat Jun 18, 2011 8:51 pm

RIO

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chamith wrote:MACD is a bit slow indicator. Use Stochastic Oscillator

Can you pls share the info on Stochastic Oscillator re MBSL for the benefit of members who do not know about Techs & Charts

smallville · 9 Re: MBSL XD on 27th Sat Jun 18, 2011 10:58 pm

smallville

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Resistance Levels; 47.60, 46.40

Pivot Support Levels 44.40, 43.60, 42.40 and also From 44-45 there are few levels..
I think 42 was the lowest this has hit for the past few months but no pattern could be recognized from charts..
Since this is already on 45 support level, I expect a bounce back on Monday. Buying should be done on careful observation around 44-45 to be in safe side..
But u have to be careful as the MACD/TEMA signals were on a downward trend..