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Venkeys's a blunder mistake of my life

Discussion in 'Technical Analysis' started by nagarjunadevasani, Jul 22, 2018.

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please suggest on venkeys

  1. hold

    2 vote(s)
    100.0%

  2. exit

    0 vote(s)
    0.0%

  3. average

    0 vote(s)
    0.0%
  1. nagarjunadevasani

    nagarjunadevasani Member

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    Hi All,
    without knowing anything and by seeing up & downs in venkeys thought to play intraday and got blocked with venkeys and ending up with heavy losses and not getting the way how to cover those losses and what is the next step ..

    Please guys any suggestions on this stock ---- VENKEY's (blunder mistake of my life)

    i bought 138 shares at 3800 levels now its touched 1792 also.

    shall i keep this share and wait for up move or exit with huge losses.
     
    nagarjunadevasani, Jul 22, 2018
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  2. shabbir

    shabbir Administrator Staff Member

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    If I was in your place, I wouldn't do anything with it because number say company is a value but it can be trap as well. So to be able to judge if it is a trap or not should be your prime concern than to consider if one should exit or hold?
     
    shabbir, Jul 22, 2018
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  3. nagarjunadevasani

    nagarjunadevasani Member

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    How to judge now ..can you please help on this ..is there any way how we can judge that it's a trap or not or any co concerns with the company operations
     
    nagarjunadevasani, Jul 22, 2018
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  4. avrajq

    avrajq Member

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    It appears that the stock will ultimately take support around 1500 - the price from which it rallied about a year back. The downfall from 4500 levels has been on relatively low volumes. In your position, I would hold the stock with a stop below 1500. Wait for it to stabilise (around 1500 as per expectation) and thereafter consider further action. There seems to be no point in booking the loss at present.

    upload_2018-7-22_22-33-26.png
     
    avrajq, Jul 22, 2018
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  5. shabbir

    shabbir Administrator Staff Member

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    Wait for couple of quarters and analyze the results. Don't be in a hurry if things are good and let things settle. As @avrajq suggested a level and see if it holds for at least few months before you decide to hold or exit or a possible average it down.
     
    shabbir, Jul 23, 2018
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