I am a new trader waiting to take a plunge into the world of stock trading. I have been following the following stocks:
1) ITC
2) Ranbaxy
3) Hotel Leela ventures
4) Siemens
Can the senior members give their opinion on the above stocks?
Hi Omega,
If I had not already wished you,.......a warm welcome to our little family over here.Hoping that you learn by being here,and after learning,sharing it with others......all the best!
About the few that you had asked,I presume that you are looking at the medium to long term......can only tell you what the combination of charts and eyes tell.For fundamentals,do post in the respective sub-forum...
RANBAXY :Still a downtrend on all time frames.Don't guess a bottom,or the next trend.Let it prove that it is in an uptrend and then think of committing funds.Look for stocks in an uptrend and buy declines.For now ,stay clear of RANBAXY.
SIEMENS:looking great as of now.But let it come to you......Buy over 1115 with a stop loss of 1015.Position size accordingly to your maoney management rules.If it does not get to 1115,don't anticipate and enter.Greed is death in this field......
HOTEL LEELA :Wait and watch and see how this pullback behaves.Sidelines and stalk for now.
ITC:Once again,sidelines and watch for now.
Remember ,this market is puffing and panting around here.....so careful!
All the best!
Happy Trading!
Saint