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Shipping corp of India

Discussion in 'Technical Analysis' started by masihpatel, Jan 1, 2014.

  1. masihpatel

    masihpatel Active Member

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    How about buying this stock @CMP of 43.3, for the target of 50+ with stoploss of 38.5? my broker is recommending it, please share your views.
     

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    masihpatel, Jan 1, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Levels looks perfect and so you should be going with it.
     
    shabbir, Jan 1, 2014
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  3. masihpatel

    masihpatel Active Member

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    Hi Shabbir,Today it has given a breakout, made a high 0f 46.65, my buy price is 43.8, shall I hold further till target of 50, or book profit now?Thanks
     
    masihpatel, Apr 9, 2014
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  4. srspriya06

    srspriya06 Active Member

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    Strong resistance seen around 48-50. It is better to book profit. Wait for shabbir's view.
     
    srspriya06, Apr 9, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    I think you can book partial profits just before the resistance and wait to see if next resistance is taken out as well.
     
    shabbir, Apr 9, 2014
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  6. masihpatel

    masihpatel Active Member

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    Thanks Shabbir & Priya.
     
    masihpatel, Apr 9, 2014
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  7. srspriya06

    srspriya06 Active Member

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    Its my pleasure
     
    srspriya06, Apr 9, 2014
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