please help

#1
dear friends i am new to this trading thing
i have lost lot of money
last thing i have bought is icici bank 120 shares at 376
now what should i do?
 

NOMINDTR

Well-Known Member
#2
dear friends i am new to this trading thing
i have lost lot of money
last thing i have bought is icici bank 120 shares at 376
now what should i do?
Learn charting. Try to understand where and what is your position.

I wish you a trend reversal in your tradings.

Happy Learning
 
O

OneBull

Guest
#3
IT will reach below 300 by mid feb, get out of this bomb, It will be first Indian bank failing
 

AW10

Well-Known Member
#5
OneBull / Tashwani, Is it your gut feel /opinion or your chart are giving these signals/price levels..

ICICI has support level around 330 and 300 as per charts. That is where price has taken turn (i.e. Bears lost the battle and bulls took the control ) So untill they are not taken out, the stock is not going down.. Resistance are at 450 / 550 levels. Stochasitcs are in oversold area.. indicating the selloff has already taken place..

Generally novice traders make the mistake of selling after selloffs and buying after the rally has already taken place..

So, read the chart.. and take practicle trading decision..

Happy Trading
 

NOMINDTR

Well-Known Member
#6
I agree.

next downward rally this stock will come down heavily. So get out of ICICI at the current levels.
Biggest problem in chart reading is "wishful thinking"
 

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