1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Where is it heading to?

Discussion in 'Fundamental Analysis' started by yankeedin, Sep 2, 2016.

  1. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    Hi All,

    Yes bank is on continuous up move from Rs650 onwards. Where do you think it is headed to? There has been no major correction in this stock.

    I am now afraid a little bit on this stock. I have investment on this stock.

    Bought 400 share at Rs 310. Neat profit of Rs1078 per share .
     
    yankeedin, Sep 2, 2016
    Share #1
  2. gimekar

    gimekar New Member

    Joined:
    Aug 25, 2016
    Messages:
    1
    Likes Received:
    0
    sell 200 qty and keep rest
     
    gimekar, Sep 2, 2016
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    No don't do that. Hold with a stop loss if you prefer it that way.

    Or if you prefer to invest more just forget it and buy more in dips.
     
    shabbir, Sep 3, 2016
    Share #3
  4. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    Thanks Shabbir for suggestion. I was confused what to do with such stock.
    I would prefer keeping SL
     
    yankeedin, Sep 3, 2016
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Thanks and if the company is not doing anything that can bring the stock price down, then you should remain put in the stock and hit of SL would mean you can sell and then buy at the lower price getting some cash back into your account.
     
    shabbir, Sep 3, 2016
    Share #5
  6. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    So does it mean we never book profits on investments??

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 3, 2016
    Share #6
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    You should only if you find better investment opportunity or need funds for some personal use.
     
    shabbir, Sep 3, 2016
    Share #7
  8. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    Always learning something new here. Thanks for this

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 4, 2016
    Share #8