hindalco:sell now?

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  #1  
Old 13th September 2005, 08:51 PM
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leo885 is on a distinguished road
Default hindalco:sell now?



I bought hindalco nat 1257.(125.70 after split)
now 145, Is it time to sell?
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  #2  
Old 13th September 2005, 10:07 PM
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Default Re: hindalco:sell now?

Hindalco had hit new 52 wk high just 4 trading days ago and pulled back a little on decreasing volume. I don't see any reason why you should sell it. If it stabalizes here and breaks out again into new highs you could actually see much higher prices soon.

If you want to feel comfortable you can put a stop around 134, but I wouldn't advise you to sell it at this point. I say let it ride the nice trend it is on and just keep raising your stop level.

--SwingTrader
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  #3  
Old 13th September 2005, 10:12 PM
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Saint will become famous soon enough
Default Re: hindalco:sell now?

Quote:
Originally Posted by swingtrader
Hindalco had hit new 52 wk high just 4 trading days ago and pulled back a little on decreasing volume. I don't see any reason why you should sell it. If it stabalizes here and breaks out again into new highs you could actually see much higher prices soon.

If you want to feel comfortable you can put a stop around 134, but I wouldn't advise you to sell it at this point. I say let it ride the nice trend it is on and just keep raising your stop level.

--SwingTrader
So totally agree with Swing Trader........For now,you are in the trade,The trend is up.Your stops are not hit.Raising the stops to 134 and trail stopping upwards is the only thing to do.Ride the trend as aptly put by Swing Trader.

Saint
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  #4  
Old 14th September 2005, 01:45 AM
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Default Re: hindalco:sell now?

Thanx guys.
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