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shasun pharma

Discussion in 'Technical Analysis' started by suniljoshikk, Feb 19, 2013.

  1. suniljoshikk

    suniljoshikk New Member

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    I purchased shasun pharma @155,now price 86 range,what I can do hold or sale
     
    suniljoshikk, Feb 19, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't see any reason for holding this stock. Can you share when did you purchase this stock?
     
    shabbir, Feb 20, 2013
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  3. suniljoshikk

    suniljoshikk New Member

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    Hi sabeer
    I purchased shasu pharma 20/12/2012.
     
    suniljoshikk, Feb 20, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    You picked this stock in the leg down which I always suggest to avoid. I don't see any hope in this stock technically. Only thing could be wait for some correction as there was sudden fall and so recovery may get you something more than the current market price.
     
    shabbir, Feb 21, 2013
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  5. chequesuraj

    chequesuraj Member

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    I think 140 was the support then it breakdown sharply...SL @ 140 would have been handy saved your money...now pull back up to 140 seems to be having two resistance at 110 and 125...
    Sunil pls dont get me wrong...this is just a observation...shabbir pls correct and add your thoughts...

    thanks
    Suraj
     
    chequesuraj, Feb 21, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes correct. Any SL should be at your rescue if you did a trade in a rush.
     
    shabbir, Feb 21, 2013
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