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Financial Technologies

Discussion in 'Technical Analysis' started by khanvict90, Jan 29, 2013.

  1. khanvict90

    khanvict90 New Member

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    Hi All,

    I have purchased this stock @ 1149.00. It has suddenly gone down to around 1130. So what is your opinion? Do u see further downside on this stock or will it bounce back ? Shall i hold or sell it off? Plz help
     
    khanvict90, Jan 29, 2013
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  2. krasquinha

    krasquinha Member

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    I think it has a support around 1117...
     
    krasquinha, Jan 29, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    You have to change the methodology of trading and investing first.

    Your question of do you see downside is something that hurts. Do I see an upside if not then it should not matter.

    So first thing first. - Change the approach and invest in stock which can go up and not to stocks which does not go down.

    Now coming back to stock specific you should be holding this one with a stop loss of 1115 range because you have purchased just under the resistance of 1200 and so once that is taken out it would be flying yet again.

    So hold with a Stop but don't get out of the stock when it is near your purchase price because that is the break out point and if you sell off, it would start giving returns. So at that time see if there is pattern and act accordingly.
     
    shabbir, Jan 29, 2013
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