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Re entry at stop loss level

Discussion in 'Technical Analysis' started by jignesh_acharya, Mar 4, 2015.

  1. jignesh_acharya

    jignesh_acharya Active Member

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    When we buy stock, we keep stop loss to minimise our loss and exit stock at stop loss level.
    However many times it is seen that after going down further to our stop loss , stock rebounds and reaches above our stop loss level with uptrend
    At this time, can we re enter the stock?
     
    jignesh_acharya, Mar 4, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Depends on the pattern being formed after the support (which ideally should be your SL) is broken. At times support is not used as stop loss and that is where the issues can be.
     
    shabbir, Mar 4, 2015
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