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Hold/Sell

Discussion in 'Technical Analysis' started by siva934127, Sep 10, 2013.

  1. siva934127

    siva934127 Member

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    Hi Shabbir,

    Currently i hold this Jp Associate stock, Please share your views on this stock.

    Thanks,
    Siva.
     
    siva934127, Sep 10, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No reason to be holding this stock. Whats your entry point?
     
    shabbir, Sep 10, 2013
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  3. siva934127

    siva934127 Member

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    JpAssociate

    I entered in to this stock at 37.

    Thanks,
    Siva.
     
    siva934127, Sep 10, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Good entry point and so don't hold this stock beyond Friday
     
    shabbir, Sep 10, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    And also if you have some profit, come out of it because there is a pin bar being formed after the short time of upside
     
    shabbir, Sep 10, 2013
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  6. siva934127

    siva934127 Member

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    Book Profit

    1. Yes i agree this is news based stock from past one week and expecting some news this week.

    2. yes i agree yesterday was pin bar and today candle looks good.

    3.Since fundamentally this stock is bad, that is why you advised me to come out from this stock?

    Please confirm or any other reason behind this.

    Thanks,
    Siva.
     
    siva934127, Sep 10, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    No it is pure technicals. I see that there is long term down trend and there is bounce from 30 odd levels and buying at 37 means stop loss of 30 which is slightly more than what I (or anybody else) would be comfortable.
     
    shabbir, Sep 10, 2013
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