Hi Narendra,
Just for a mini clarification first.Am just a normal person who has been doing this for some time,not an expert.Had invested a lot of time and energy in educating myself.....many times stupidly reinvented the wheel when there were many books with a lot of experience that could've cut the time n energy spent by a third.In fact,I would go so far as to say that unlike in other fields,there's no expert in this one.....the day you think you are an expert,the market finds ways to humble you,and break you in two.
From what little I know.......
Hind Petroleum:At present still in sideways mode,could go down further...well could go up as well.Buying it at 345 was more a gamble than a trade.Personally,would not buy if not in......if already in,I would sell and put it in a hundred other places where I can make some money.In hoping and praying for it to come back to breakeven,precious time is lost to get into another beauty play.
Eicher Ltd:The stop loss here should have been about 142.We take plays to get a profit,but a stop loss is important if the stock turns and goes the other way.......we then can accepta small loss and put the money at work somewhere else.In your case,Eicher has come down 6wks in arow,try to sell it off at the next rally....if it plunges further,get out by 121,and put your money to work somewhere else,and get back your losses.At least that's what I would do.
Happy Trading
Saint