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

Mangalam Cement

Discussion in 'Technical Analysis' started by sainathreddy4, Aug 18, 2016.

  1. sainathreddy4

    sainathreddy4 New Member

    Joined:
    Sep 19, 2014
    Messages:
    10
    Likes Received:
    1
    Hello Shabbir,
    i have brought mangalam cement @ 305/share. im kind of confused whether to continue or sell off. kindly do suggest your opinion abt it.
    thank you.
     
    sainathreddy4, Aug 18, 2016
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    You posted this in Technical forums and so I assume this was your trading pick and so it looks ok as of now but then I would not hold a trading position where it is giving you such good returns without a trailing stop loss. Keep 330 as your stop loss and hold for gains but make sure that stop is strict. 335 is a stop because 335ish is the low of yesterday as well as previous high that it broke out couple of days back.

    If this is your investment stock is trading at 45+ PE and so don't think it can provide much rerating from these levels.
     
    shabbir, Aug 18, 2016
    Share #2