Suggestion on HCL Info, Renuka....

#1
Hello All,

I hold following stocks which I wanted to exit as early as possible

1. HCL Info - Qty 2000, aver price bought Rs.42. since Jul 2011 has been accumulating but price going down, current CMP Rs. 23

2. Renuka - Qty 5000, aver price bought Rs.29. since Jan 2011 has been accumulating but price going down, current CMP Rs. 18

Just want to exit both, but is it right time/ or should I hold some more time/ or should I average more and then exit. I want to exit at cost or some min loss (say upto 10%)

Pl suggest !
 

mastermind007

Well-Known Member
#2
Hello All,

I hold following stocks which I wanted to exit as early as possible

1. HCL Info - Qty 2000, aver price bought Rs.42. since Jul 2011 has been accumulating but price going down, current CMP Rs. 23

2. Renuka - Qty 5000, aver price bought Rs.29. since Jan 2011 has been accumulating but price going down, current CMP Rs. 18

Just want to exit both, but is it right time/ or should I hold some more time/ or should I average more and then exit. I want to exit at cost or some min loss (say upto 10%)

Pl suggest !
HCL still does not show signs of reversal but bearish trend has weakened in last week. too early to tell whether it will go up or if fall will resume. if it does, it can got to 10s and 5s.

Renuka has seems to have double bottom on weekly chart, but confirmation is yet to come ... Some scalping oppt may emerge if price goes above 20.
 

Similar threads

Broker Special Offers

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?