Steel stocks

#1
Dear traderji,

Most steel stocks have seen a sudden rise in values on account of increase in steel demand & prices.

Jindal group shares (Jindal Iron & steel, jindal steel & power, jindal stainless & jindal strips), SAIL have touched new highs as compared to the prices in the last few months.

It is expected that the steel sector shall put up a good show this year.

However all this seems to have been factored in. Is it adviseable to book profits now ?


Thanks

Ashok
 

Traderji

Super Moderator
#2
hegdeashok said:
Dear traderji,

Most steel stocks have seen a sudden rise in values on account of increase in steel demand & prices.

Jindal group shares (Jindal Iron & steel, jindal steel & power, jindal stainless & jindal strips), SAIL have touched new highs as compared to the prices in the last few months.

It is expected that the steel sector shall put up a good show this year.

However all this seems to have been factored in. Is it adviseable to book profits now ?


Thanks

Ashok
I would suggest you to protect your profits using a trailing stoploss.

You can read more on the trailing stoploss in my post here.
 

Similar threads

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?