Re: Dear VV: Sonata Software & Visesh Infotech
kumar7 said:
Dear VV,
Can you provide slightly detailed analysis---resistance, targets, entry, exit etc. i really need to erase some loses! Your earlier analysis was indeed helpful.
Sonata: entry point 23.50
Visesh: yet to enter
Thanks in advance.
Kumar
Sonata: entry point 23.50
I would not have entered this stock. You can get out now or use stop = below Wednesday's low.
Visesh: yet to enter
Avoid
-- Avoid dogs for now. Consider only leaders in IT sector for now. If you can't afford them, may be you are undercapitalized. Undercapitalization will fail you, inspite of good system.
i really need to erase some loses!
-- Trading is a mind game. Try to forget the past. Don't trade to regain loses. If you do, your analysis will be skewed. Trade objectively, with no emotions. Trade because a stock gives you a signal based on set of conditions set forth by you. Ofcourse, this applies to every body (including me. I slip into that trap now and then).
IDFC Entry 53.50
-- Avoid. Stick with Oil and IT sectors for now.
ONGC AND SATYAM COMP
-- I like that you are picking stocks in strong sectors. Somebody is listening!!!
-- ONGC - No momentum. Consider Reliance or Suzlon.
-- Satyam - You lost an entry in the recent pull back. Wait for next one.
NRC ltd 300 @ 35
-- Do we have hope on this stock? Put a stop below the last 2 bottoms. I can't pin point in iCharts. Should be below low of last 10 days.
Jindal Photo 50 @ 240
-- You need renewed bull market to get this up. Take losses if it hits your stop at 80.
Samtel 300 @ 85
-- Same story. Put stop below June 18 low. Take loss this time more as a principle point of view.
Eicher ltd 175 @ 80
-- Put stop below June 15 low.
UCAL fuel 120 @ 195
-- Put stop below June 8th low.
Scandent Solutions 60 @ 212
-- Put stop below June 8th low.
Arvind Mills 250 @ 85
-- Put stop below June 13th low.
You should have got out on all these stocks long back. In fact, you should have never been there in the first place. All the stops are considering the current CMP as buy point. They will no way erase your losses. Look at each stock, trail the stop and get out with loss as gracefully as possible. Also, consider just getting out all of it now. Losses are as important as gains. They will tell you that you did something wrong. They can teach you not to do it again.