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Can MOIL be bought at current levels

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

  1. naveen1241

    naveen1241 Responder

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    Hi All,

    Could MOIL be bought at current levels with SL around 230. Strong buy with huge volumes from 210 to 240 levels. The minor dips have been with relatively low volumes. Not sure, if I'm saying some utter foolishness technically.
    Opinions please.

    Thanks
    Naveen
     
    naveen1241, Mar 29, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    No because it is in its leg down from 260 and so wait for it to form a W or bottom of some kind before getting into it with long positions.
     
    shabbir, Mar 30, 2014
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  3. naveen1241

    naveen1241 Responder

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    Okay.

    Thanks
    Naveen
     
    naveen1241, Mar 30, 2014
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  4. naveen1241

    naveen1241 Responder

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    Hi Shabbir,

    I think now it's okay to be in the share. What's your opinion ?
    I'm still holding position. What could be the levels to watch ?

    Thanks
    Naveen
     
    naveen1241, Apr 4, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    260 and its better to come out of it at that level and if there is breakout, you can reenter at higher levels.
     
    shabbir, Apr 4, 2014
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  6. naveen1241

    naveen1241 Responder

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    I'm still in share (@ 250). What should be the strategy now ?

    Thanks
    Naveen
     
    naveen1241, May 19, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Partial Profit booking as we move along.
     
    shabbir, May 19, 2014
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  8. masihpatel

    masihpatel Active Member

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    Great Navin.
     
    masihpatel, May 19, 2014
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  9. naveen1241

    naveen1241 Responder

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    Usually I follow a sell on spike and buy back on the same day strategy for this stock. Since I feel this to be a good one fundamentally, I'm a bit reluctant to sell off as well.
    80% promoter holding and stock hitting 52 week high, can I expect much higher levels in coming days.

    Thanks
    Naveen
     
    naveen1241, May 20, 2014
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  10. shabbir

    shabbir Administrator Staff Member

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    You have an issue which I call it falling in love with the stock. Try avoiding that as after all it is just one of the opportunity that you use to make money from market.
     
    shabbir, May 21, 2014
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  11. naveen1241

    naveen1241 Responder

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    So true Shabbir :p Today I sold partial quantity @ 330 and bought back @ 324. Somehow I don't see any signs of exhaustion. (Since I didn't have time to watch markets today, I just put a sell order @330 for half quantity and when i returned saw that it had gone unexpectedly.)
     
    naveen1241, May 22, 2014
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  12. naveen1241

    naveen1241 Responder

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    So true Shabbir :p Today I sold partial quantity @ 330 and bought back @ 324. Somehow I don't see any signs of exhaustion. (Since I didn't have time to watch markets today, I just put a sell order @330 for half quantity and when i returned saw that it had gone unexpectedly.)

    Thanks
    Naveen
     
    naveen1241, May 22, 2014
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    shabbir likes this.