reliance communications

A

avanish

New Member
#1
#1
hello seniors,
plz suggest me about Reliance communications,
I bought 100 stocks @ 518/- , three days back..
today this stock slide upto 500/-
wt I do..
thanx in advance..
avanish
 
G

gimmeabreak

New Member
#2
#2
Hello Avanish,
RCOM is a very good stock for the long term, though i feel it is overvalued at current levels.In the short run it can touch 550-600.
If you are a long player then hold on to it, else sell it as soon as u make any little profit and buy back at lower levels...
 
P

Pran

New Member
#3
#3
Hello Avinash,
Buddy I am no expert in the market, from whatever little trading I have done so far one of the lessons I learnt the hard way is to trade with strict stop loss of 1 %. If we keep on seeing our stock slide hoping it will comeback or averaging it , the agony increases on every fall as many other's stop loss gets triggered and as someone rightly pointed out it automatically becomes a long term investmest.

Hope you recover your money soon, and the signs look good at this moment as US markets are rallying and are not bothered about China.

Happy Trading
Pran
 
Dev Mookerji

Dev Mookerji

Banned
#4
#4
Pran said:
Hello Avinash,
Buddy I am no expert in the market, from whatever little trading I have done so far one of the lessons I learnt the hard way is to trade with strict stop loss of 1 %. If we keep on seeing our stock slide hoping it will comeback or averaging it , the agony increases on every fall as many other's stop loss gets triggered and as someone rightly pointed out it automatically becomes a long term investmest.

Hope you recover your money soon, and the signs look good at this moment as US markets are rallying and are not bothered about China.

Happy Trading
Pran
Click to expand...
1% SL is a unique idea. I am a FnO trader. In case of Nity, have to used 42 points as SL. OOOh amazing. isn't it?

;)
 
P

Pran

New Member
#5
#5
Hello Dev,

Thanks for identifying the glitch in my post. I guess I wasn't specific in my post. Sorry,I was only talking about stocks and missed nifty as the query was specific to a stock.

Maybe one could maintain a stoploss of .5% for the nifty.

Idea of posting the reply was to emphasize the use of strict stoploss which was a hard lesson learnt by me.

Thanks
Pran
 
K

kindman

Well-Known Member
#9
#9
Rcom --- Now Its In Huge Huge Support.. Near 500 Rs Woow
If This Breaks... Then It Will Go Downwords Very Sharp

Shot Rcom Below 498 Rs ------490 Rs Can Be Expected Within 2 Trading Days

Anyway It Is Difficult For Rcom To Move Above 530rs
 
Dev Mookerji

Dev Mookerji

Banned
#10
#10
kindman said:
Rcom --- Now Its In Huge Huge Support.. Near 500 Rs Woow
If This Breaks... Then It Will Go Downwords Very Sharp

Shot Rcom Below 498 Rs ------490 Rs Can Be Expected Within 2 Trading Days

Anyway It Is Difficult For Rcom To Move Above 530rs
Click to expand...

WAT WILL BE THE STOP LOSS? IT IS 1% OR 5% PLEASE SUGGEST KINDMAN.

:D
 
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