|
|
| Discuss Hindustan Motors at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Friends, I am new to this site. Could anyone please tell me the fate ... |
|
|||||||
| Notices |
| Investors Grieviences Discuss your personal grieviences and frustrations with stock market intermediatories like brokers, registrars, bankers, etc. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
26th October 2005, 04:04 PM
|
|||
|
|||
Hindustan Motors
Hi Friends,
I am new to this site. Could anyone please tell me the fate of Hindustan Motors Shares. I bought 1000 @42.5 and 500 @ 33.6. It looks that the share is dipping quite low and background looks confident. How long I need to hold on to get the rhythm back or is it better to dissolve them. Please put your suggestions on it. 
|
|
#2
26th October 2005, 10:17 PM
|
|||
|
|||
|
Re: Hindustan Motors
Quote:
In fact 42-43 levels were exit levels for HM :-( Technically it has not bottomed out yet. I feel it can still see some downside. You can ask SAINT, AMIT and other senior members for their opinion on Some Good Steals forum Regds Alok
|
|
#3
26th October 2005, 11:31 PM
|
|||
|
|||
|
Re: Hindustan Motors
Quote:
Background looks confident ?? The last quarter result are pretty ugly...Here some details from the NSE site for quarter july - Sept 2005. Profit(+)/Loss(-) Before Depreciation & Taxes : -1132.00 Profit(+)/Loss(-)Before Tax : -1730.00 Net Profit(+)/Loss(-): -1747.00 Basic EPS (in Rs.): -1.08 You should have got out much earlier. This one is going to take time to recover. Ofcourse I understand getting out is a difficult decision to make.... your losses are heavy..nearly 30%... Technically also this one looks quite weak. Still very bearish. It has support at 30. Below 30 will be 27 and then 21. It may be prudent to get out.. atleast in parts... on every rise. In future please do keep the following in mind 1. Never try to average a losing position 2. Always work with stoploss. Look at trading mechanically, not emotionally. 3. Keep monitoring the news about the stocks you hold. I request Amit and Saint also to post their advice to rajesh. By the way rajesh this is the wrong section for such a post. regards karthik
|
|
#4
27th October 2005, 09:40 AM
|
|||
|
|||
|
Re: Hindustan Motors
Quote:
Sorry didn't notice this post.....maybe we can post this under Equities next time.As for the background looking confident,I would leave that to those who know these things..........think you got a very nice response from Karthik on thebackground bit. Like many stocks,Hindustan Motors had formed a bearish divergence on the TRIX and RSI on the weekly charts,but that alone should not have made a decision to exit the stock.If I were in this stock,I am out on Oct 19th at the very least,when long term trendlines got cracked(at about 37).Think we are in for much more correction from here. Anyway,since you are still in,and we are at 31.55,expect a bounce soon.......Sell in that rally.Either way keep a stop loss of 29.7.In short if we bounce here,great,sell in that bounce.If it continues its fall,get out at least by 29.7. All the best! Saint
|
|
#5
27th October 2005, 11:29 AM
|
|||
|
|||
|
Re: Hindustan Motors
Thanks for you suggestions.
Is there no way I can make it up back again by waiting some more time. Can I watch some more time and see. Please tell me. Regards
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Hindustan Motors
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| To Supratik About Tvs Motors | nn0023 | Equities | 3 | 15th July 2005 10:43 PM |
| TVS Motors | ajay.kanukuntla | Equities | 3 | 23rd June 2005 07:51 PM |
| Tata Motors | nkpanjiyar | Equities | 6 | 24th March 2005 06:40 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
