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Nhpc - buy/sell/hold

Discussion in 'Technical Analysis' started by naveen1241, Dec 29, 2013.

  1. naveen1241

    naveen1241 Responder

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    Hi,
    I bought in to NHPC @ 18.80 last week. This week the stock has seen some buying and price moved to 19.70. Is it advisable to book 4.5% profit(of course, if it holds the same value in next market opening) and exit or still some steam left and hence stay in stock with some trailing SL. Thank you all.

    Warm Regards,
    Naveen Natarajan
     
    naveen1241, Dec 29, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    20 seems to be a resistance and if taken out, should have lot of steam. Book partial profit and then see if it can breakout or not.
     
    shabbir, Dec 29, 2013
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  3. naveen1241

    naveen1241 Responder

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    Thanks Shabbir.
    I was thinking of the same resistance levels in mind. Although not decided on what to do, I would like to know the SL for the rest which I would retain.

    Regards,
    Naveen
     
    naveen1241, Dec 29, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    There is no trailing stop loss as of now but you can use a negative candle to get out of this stock
     
    shabbir, Dec 29, 2013
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  5. vishuhd1

    vishuhd1 Member

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    I see that this stock is trading in very narrow ranges from past past 2-3 trading sessions (including today's, then it will be 4)… This certainly can give you some expansion above 20 levels.. Hold this with a SL of 19 and look for upward targets..
     
    vishuhd1, Jan 1, 2014
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  6. naveen1241

    naveen1241 Responder

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    Thank you Vishu.
    Happy New Year :)

    I've booked partial profit and holding the remaining quantity.

    Regards,
    Naveen Natarajan
     
    naveen1241, Jan 1, 2014
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