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| Discuss Tech Mahindra ?? HOLD - Purchase - Sell ??? at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dont you all see shares of Infosys, Wipro, TCS are being dumped? How many of ... |
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#11
4th March 2007, 10:19 AM
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Re: Tech Mahindra ?? HOLD - Purchase - Sell ???
Dont you all see shares of Infosys, Wipro, TCS are being dumped? How many of you are looking at Charts?
Go for a Weekly Chart and then a Monthly Chart. Majority of them are in downtrend. It signifies and reflects what Budget has proposed them. The I.T companies are going to be taxed, so the HoneyMoon has just started to end? Satya 
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#12
4th March 2007, 10:41 AM
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Re: Tech Mahindra ?? HOLD - Purchase - Sell ???
njoy deep,
The logic which initiated you to buy this counter in the 1st place (if not based on tips or TA ) is still intact.Then why you want to sell now ?Jobbing is done to reduce cost (based on TA & the directional call has to be absolutely correct).Which i believe nobody amongst us is capabale enough to do consistently.Hence selling now is last option,avg only when you r sure that u r not catching a falling knife.On 28th the opening price is on a support area of 1360.20.The risky option of jobbing (not selling)is to sell at 1540 level with SL 1563,if it back fires then your costing will go up otherwise if it works then cover at 1437.00.Your strategy now should jobbing not averaging.Avg with qty more than 20 ,when mkt stabilises.Tommorow if it closes above 1541/ (chances 30%)then you r out of the woods.Another option ,if at all you want to hold for long term then sell 4nos near 1500/ so your cost will go up to 1730/ (many are stuck above that price)but if it comes down then cover those 4nos,that profit will also bring your cost.Decide as per your personality ,your comfort level & conviction.But do not avg now,it is always best & MUST to avg way over your entry level(pyramiding) but never when it is falling & yet to confirm an uptrend. Asish
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