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W pattern

Discussion in 'Technical Analysis' started by shwetagnema, Apr 4, 2014.

  1. shwetagnema

    shwetagnema Active Member

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    hi all,
    this stock has formed W. although for entry, risk reward ratio is not good, but since i'm already invested in the stock. do you think i should accumulate for the target 1004 and SL 920.
     
    shwetagnema, Apr 4, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Only if you are comfortable with a 80 Rs as stop loss.
     
    shabbir, Apr 4, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Ideally I will use the runup to get out of the stock with minimum loss.
     
    shabbir, Apr 4, 2014
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  4. naveen1241

    naveen1241 Responder

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    I tend to think the same way many a time. That's what I've been doing with RELINFRA in the last week. But just keep on booking small profits and getting back in small downsides.

    Thanks
    Naveen
     
    naveen1241, Apr 4, 2014
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