Rcom,IFCI,Unitech,JP like shares should be avoided.They now fall in penny stocks.Inme purnima amavasya ki tarah move rahta hai.
When I started IFCI and Suzon were my favorite.
Price atleast 150rs ke upar rahi to achha rehta hai.
When I started IFCI and Suzon were my favorite.
Price atleast 150rs ke upar rahi to achha rehta hai.
I would like to add my 2 cents here
Rcom is reversing of its downtrend from Aug 2016. So no need to worry about this stock. At the moment I am expecting my initial target as 38 and depends on the wave movement there we could re assess the further target.
JP associates, once it touches 11.1 we could see a small pull back and it might long for atleast 15-30 days and after that we might witness the stock heading towards at 14.5 that time we could re assess if the stock has really reversed its long term downtrend or not. My only worry is that prevous swing high didnt breaks its previous swing high. Had it broken I could confidently say that the long term trend is reversed
IFCI, I have posted my views in a separate thread . you can check it in the below link
http://www.traderji.com/general-trading-investing-chat/103943-ifci.html
Suzlon, I would say this stock would show some spectacular moves in 2017 and it looks like long term downtrend is reversed and we could expect 53 as first target and 102 as second target. we could focus on first target and then reassess for the next target.