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Bought @ 120

Discussion in 'Technical Analysis' started by naveen1241, Mar 29, 2014.

  1. naveen1241

    naveen1241 Responder

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    Hi All,

    Have got into NTPC @ 120 on friday. Thinking to keep a SL 113 levels. Should I keep the SL at 116 or some other levels.

    Thanks
    Naveen
     
    naveen1241, Mar 29, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Avoid because a 10% down candle in such stock is horrible and so your stop can be anytime be hit. Ride the upside and get out of it.
     
    shabbir, Mar 30, 2014
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  3. naveen1241

    naveen1241 Responder

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    Thank you.

    Naveen
     
    naveen1241, Mar 30, 2014
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  4. naveen1241

    naveen1241 Responder

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    Did partial exit @ 124 and did an intraday trading with 1 Re difference... :)
    Holding rest with 118 SL, which could most probably get hit (way better than some gap down opening) :(

    Thanks
    Naveen
     
    naveen1241, Apr 4, 2014
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    shabbir likes this.