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MBECL

Discussion in 'Technical Analysis' started by siva934127, Nov 12, 2013.

  1. siva934127

    siva934127 Member

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    I hold this stock (MBECL) bought at 66.
    Please let me know the support and target level and if i should hold this stock or not and provide the reason also.

    Thanks,
    Siva.
     
    Last edited: Nov 12, 2013
    siva934127, Nov 12, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Hold with a stop loss of 58
     
    shabbir, Nov 13, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Dear Shiva MBECL is in long term down trend even mid term trend is still down till it is below 70-85 but short term trend is up and making higher top higher bottom from last 3 months, so could be a good buy.

    If u choose it for short term then strict stop should 57 and target should be 70-74-78.
    If it is for longer term that stop should be 50 for the target of 74-78 and then start trailing for final booking cause if managed to cross 85 then direct to 95 then 105 will be its target.
     
    sanjay_sansanwal, Nov 13, 2013
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