Please advise on Madhucon Project share

[dineshk_s]

I have purchased 200 shares for Madhucon Projects @ Rs.240.
Please advise what strategy should i follow for these.

 

[dineshk_s]

Hi,

Can anyone please advise me on this query.

Thanks

 

[abhiwhy]

Hi,

Can anyone please advise me on this query.

Thanks

hello dinesh
i will like to give little bit technical insight here ,
i think u are a little bit late and did not got the perfect rate , from 26/05/2009 close 137.65 it was in a channel of 58 points i.e; between 130 and 188 levels it made 4 consecutive attempt to break 188 level but got success in its 4th attempt on 24/08/2009, its closing was 203.90 and was supported by volume which was 29300 that day , next day opening was actually a perfect day for entering into trade around (205-210 ) a huge volume has confirmed break out that day .

u have not told about time period u wanna hold it ur how much risk u can bear , which kind of trading u perform so any detailed review is not possible .

i think ur fate depend upon nifty if it breaks it resistance of 4758 level u r on good side and if it keeps on falling and breaks 4349 u may come into trouble .

u may keep a short term target of 280 and an intermediate/long term term target of 370
ur stoploss should be around 188 or 165 (if long term prospect and can bear more risk ).
happy trading
abhi :thumb:

 

[atuldoc]

Hi,

Can anyone please advise me on this query.

Thanks

madhucon is going to zoom.Have patience and watch.