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Where is it heading to?

Discussion in 'Fundamental Analysis' started by yankeedin, Sep 2, 2016.

  1. yankeedin

    yankeedin Responder

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    Hi All,

    Yes bank is on continuous up move from Rs650 onwards. Where do you think it is headed to? There has been no major correction in this stock.

    I am now afraid a little bit on this stock. I have investment on this stock.

    Bought 400 share at Rs 310. Neat profit of Rs1078 per share .
     
    yankeedin, Sep 2, 2016
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  2. gimekar

    gimekar New Member

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    sell 200 qty and keep rest
     
    gimekar, Sep 2, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    No don't do that. Hold with a stop loss if you prefer it that way.

    Or if you prefer to invest more just forget it and buy more in dips.
     
    shabbir, Sep 3, 2016
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  4. yankeedin

    yankeedin Responder

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    Thanks Shabbir for suggestion. I was confused what to do with such stock.
    I would prefer keeping SL
     
    yankeedin, Sep 3, 2016
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  5. shabbir

    shabbir Administrator Staff Member

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    Thanks and if the company is not doing anything that can bring the stock price down, then you should remain put in the stock and hit of SL would mean you can sell and then buy at the lower price getting some cash back into your account.
     
    shabbir, Sep 3, 2016
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  6. nirajshah

    nirajshah Champion

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    So does it mean we never book profits on investments??

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 3, 2016
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  7. shabbir

    shabbir Administrator Staff Member

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    You should only if you find better investment opportunity or need funds for some personal use.
     
    shabbir, Sep 3, 2016
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  8. nirajshah

    nirajshah Champion

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    Always learning something new here. Thanks for this

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 4, 2016
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