Stock Market Doubt

[tkashvin]

Hi,

While i was reading Economic times, I had noticed the pick for the day. The details are mentioned below.

Indian Hotel - Buy

Last close- Rs.105
Target- Rs.101
Stop Loss- Rs.119

To my understanding, stop loss should be less than the stock buy price which will be +/- 10% of last close.

is the information correct... If yes, how do we read it? Please help

 

[rajeabc]

Hi,

While i was reading Economic times, I had noticed the pick for the day. The details are mentioned below.

Indian Hotel - Buy

Last close- Rs.105
Target- Rs.101
Stop Loss- Rs.119

To my understanding, stop loss should be less than the stock buy price which will be +/- 10% of last close.

is the information correct... If yes, how do we read it? Please help

This is sell reco. First you sell @105 with Stop Loss @119 and then buy @101.

 

[tkashvin]

Thanks a lot in sloving my problem...

 

[pavvu_kk]

This is sell reco. First you sell @105 with Stop Loss @119 and then buy @101.

I think it is a shorting call! You short for target of 101 with stoploss of 119 (in case the stock rises instead of falling). Pls correct me if I'm wrong