Tata power - Sl hit. Keep holding the sell for positional gains. For positional gains, keep a stop above 1491.
10 AM, 8 th october
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Tata power achieves Tgt 1
9.12 AM , 8th october
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forgot to mention the Sai bhajan on the Sai vaar
http://www.4shared.com/account/audio/VHvArX_o/Chamka_Hai_Man_Mein.html
TRADE UPDATES
Tata power - both tgts achieved. Book fully tomorrow above 1440.
Jyoti structures - T1 achieved, this is the second time, we entered this stock & booked near 150.
FRESH TRADES
PTC - Short above 124, SL 127, tgts 119 & 115.
Tata power - Short above 1448, Sl 1488. Tgts 1372 & 1328.
Happy Sailing
Om sai ram
4 comments:
Hello Rochak,
I am new to the stock markets and learning through trails and errors. I started following your blog few weeks back and find it really useful.
I want your opinion on Mavens Biotech. I had bought 100 shares at 21.5 and recently 100 more at 14.5. I am now worried that the downtrend doesn't seem to stop. What should I do?
dear mahavir
it is very disappointing to know about ur losses.
well, actually there is nothing substancial to discuss about mavens.
Low promoter stake, markets are at close to their lifetime highs, whereas the scrip is continously making lower highs & lower lows, makes me worry.
Well, its a falling knife, this is sure, that this falling knife wud stop. But, nobody knows when, but, this is sure, its not gonna become zero.
But, then it doesnt make any sense, if u keep averaging it every 30-40 % dip, knowning nothing substancial about it. So, better we keep it , as it is, forget whatever we bought, & move on. Think about some better scrip, & infuse ur capital into those scrips assuming that we have bought mavens for the same capital.
And then, it wud also make sense to add, that i am not a fundamental analyst, so cant discuss anything fundamentally about it.
Well, then, good luck, keep holding the quantity bought @ 14 to be sold close to 20 ( i am not saying that it wud god to 20 ), & then forget this scrip.
Another thing, stop seeing day to day activity in this scrip. U wud get frustrated. Set a price alert on money control & keep holding, but dont buy fresh now.
happpy sailing
NEW POST DONE
Please switch to the following mentioned post for ur queries/views/comments.
http://stock2gains.blogspot.com/2010/10/sai-chamatkar-trade-updates.html
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