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your valuable guidance please.

Discuss your valuable guidance please. at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; i have been watching arvindmill share for some time. its range is rs.81 to rs.83. ...


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Old 16th October 2004, 10:32 PM
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Default your valuable guidance please.

i have been watching arvindmill share for some time. its range is rs.81 to rs.83. i understand the comapany is doing well and many suggest good for long term. is the share at current market price ok, or overpriced. request guidance and further info.
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Old 17th October 2004, 07:26 PM
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Default Re: your valuable guidance please.

Quote:
Originally Posted by stpmds
i have been watching arvindmill share for some time. its range is rs.81 to rs.83. i understand the comapany is doing well and many suggest good for long term. is the share at current market price ok, or overpriced. request guidance and further info.
Arvind Mills could be overbought and ready for a correction.

I would suggest you to wait for a close above the trading range that you have been monitoring and then go long. If the share falls below the low of the trading range then it is better to wait for the correction to complete itself before going long.
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