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Satyam Computers

Discussion in 'Technical Analysis' started by naveen1241, Dec 5, 2012.

  1. naveen1241

    naveen1241 Responder

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    I'm holding satyam @ 102 avg for quite sometime (more than an year). Is it a hold or sell at CMP. No plans to add positon any way. Suggestions please.

    Thanks
    Naveen
     
    naveen1241, Dec 5, 2012
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  2. kommallpaatil

    kommallpaatil New Member

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    I think, satyam has started downtrend. there is no point to hold. it is better to cmp or keep sl of 95.

    thanks and regards,
    Mr. Kommall
     
    kommallpaatil, Dec 5, 2012
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  3. naveen1241

    naveen1241 Responder

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    Thank you.

    Even i was getting the same feeling just seeing the price movements without any technical analysis or looking at the charts.
     
    naveen1241, Dec 5, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Yes hold with a SL of 95
     
    shabbir, Dec 5, 2012
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  5. krasquinha

    krasquinha Member

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    What i feel is 92 is the support and next is 83 .. please comment.
     
    krasquinha, Dec 7, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Perfect Levels.
     
    shabbir, Dec 8, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    No doubt about downtrend, it is making low top low bottom and 95 should be strict stoploss for the script.
     
    sanjay_sansanwal, Dec 9, 2012
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  8. naveen1241

    naveen1241 Responder

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    What's the call now ? Is it okay to hold ?
     
    naveen1241, Dec 12, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    Not at all. What makes you think so?
     
    shabbir, Dec 12, 2012
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  10. naveen1241

    naveen1241 Responder

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    Thanks Shabbir.
    To be frank, I've no idea about what to do with this scrip ? That's how the question came.
     
    naveen1241, Dec 12, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    If you are not following the stop losses yet, nothing can help you. You should be ready to loose the money to make money from market and if your stop is not comforting that is no trade zone.
     
    shabbir, Dec 12, 2012
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  12. naveen1241

    naveen1241 Responder

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    Can you explain, why the stock rallied today with huge volumes and still not qualifying for a hold ?
     
    naveen1241, Dec 12, 2012
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  13. shabbir

    shabbir Administrator Staff Member

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    For a stock to be holding you need to have a up trend and one day rallies are too early to get the trend change signal. It needs to form a support and then may be hold would be better choice. As of now rallies should be used to minimize loss.
     
    shabbir, Dec 12, 2012
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  14. paulmathewmac

    paulmathewmac New Member

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    Daily chart shows a down fall at least till 95.5 (it can be lower) if the stock closes below 102 today (24 Dec.). You can say the monthly chart is still in an uptrend, but that can be a long wait - may be another year?
     
    paulmathewmac, Dec 24, 2012
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  15. naveen1241

    naveen1241 Responder

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    Thanks Paul. Highly appreciate your views. :)
     
    naveen1241, Dec 26, 2012
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