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Southindian bank & edelwiss

Discussion in 'Technical Analysis' started by rajeshtelkar, Jan 30, 2013.

  1. rajeshtelkar

    rajeshtelkar New Member

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    Hi All,

    Good day. Can anyone suggest or offer your views on SOUTHINDIAN Bank & EDELWISS stocks. Whether these stocks are good for short term(5-6 Months)?.
    SOUTHINDIAN Bank is trading below its 50 Day average. Shall i quit or hold.

    There are lot of positive news(CRR Cut,Gud performance in Profits etc) for these two stocks but still it is going down. Please guide.
     
    rajeshtelkar, Jan 30, 2013
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  2. srspriya06

    srspriya06 Active Member

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    According to my view hold south indian bank with the stop loss of 26 and once it crosses 30.6, it is a breakout.....
     
    srspriya06, Jan 30, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    No for South Indian bank but if you still want to hold then it should be based on stop loss of 26

    If you think there are too many good things about this company, you should not be the first person to know that and act on it. Let market decide how good is that.

    Similarly for edelweiss, stop loss is 33
     
    shabbir, Jan 30, 2013
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  4. rajeshtelkar

    rajeshtelkar New Member

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    Thanks

    Thanks Shabbir ji & Priya
     
    rajeshtelkar, Jan 30, 2013
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  5. cbpancha

    cbpancha New Member

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    Occupation:
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    Thanks Shabbir Sir,
    After going thru your book I will easily makeout Support (SL) and Targets.
    Thanks all your help.
     
    cbpancha, Jan 30, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 31, 2013
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