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Bharath Financials

Discussion in 'Technical Analysis' started by dev, Sep 11, 2016.

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  1. dev

    dev Member

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    Anybody trading with Bharat financial s aka SKS micro? Friday saw a correction on the stock. It's trading below it's 30 and 50 SMA. I have already purchased 200 shares since it's a great buy. It could correct another round and get to 740 levels. Any charts?
     
    dev, Sep 11, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    740 should be the stop loss on a closing basis which if violated can take it down to 700 and 660 levels. So I would prefer buying in the leg up when it does not violate 740 and not now.
     
    shabbir, Sep 11, 2016
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  3. dev

    dev Member

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    And it falls again. If it weren't for Infosys, our market would have cracked further. But these corrections are healthy even though it's frustrating.
     
    dev, Sep 12, 2016
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  4. nirajshah

    nirajshah Champion

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    Yes. We should focus on good earnings stocks and those that don't make losses.
     
    nirajshah, Sep 12, 2016
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  5. dev

    dev Member

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    @nirajshah your right. But even good stocks don't go up like expected considering how the operators play. Wednesday should be a totally different day considering the US markets rebounding. Cairn and Vedanta will be the highlight for Wed. I am banking on Escorts and Jubilant Life sciences too.
     
    dev, Sep 12, 2016
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  6. nirajshah

    nirajshah Champion

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    In the long run the earnings stock will not become zero or close to that
     
    nirajshah, Sep 12, 2016
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  7. shabbir

    shabbir Administrator Staff Member

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    Good stocks to bank on.
     
    shabbir, Sep 14, 2016
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