Please tell me the following: - Are you already in the trade? If yes, what price are you in at? - What time frame are you looking at the charts on? Daily or Weekly? - Is this as an investment or a swing trade?
Kihtnana
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@TradeRyteStockz, Hello, I bought it around 185 in 2015. Looking to close it at 285 or 300 (if it is going to touch by Mar end). Else, looking to close the transaction with current profit levels. Also, thinking of buying a lot in Futures for a swing trade (to make good for the time lost).
Firstly, I have to give it to you that you held from 185 to 20 and then back to its current price. Absolute respect !!
In reference to this trade, 190-192 was the Major Resistance since 2015. It has broken that and is up now. Even if there is a retracement, 190 looks like a Major Support.
And yes, the stock looks positive, but the overall market is overstretched especially the PSU's. But the 290-295 mark looks possible on a Weekly Time frame.
Secondly, I personally do not trade in FnO's and I wouldn't suggest you to "make up the lost time" by jumping into that, unless you hedge your position and know your loss limits.
I have been through a similar phase that you've gone through with Tata Steel and I wouldn't suggest "fighting with the same stock".
The only thing that helps is if you find another stock..a better stock and once you do, you'll automatically get over the emotions linked with holding a trade for so long. Trust me !!
Kihtnana
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@TradeRyteStockz, Thank you so much, for giving a detailed reply.