abhinay

JAY BHARAT MARUTI - Breaks Out!

NSE:JAYBARMARU   JAY BHARAT MARUTI
136 4 6
JAY BHARAT             MARUTI             - Breaks Out with high volumes.. Tomorrow, company is publishing its results, risky to take position ahead of its results. watch out!
Comment: 3% UP today.
Any idea? Its below 650. Should we hold or sell off. Took position at around 717. Please suggest.
Reply
abhinay PRO sausawan
@sausawan, If I'm in your position, I'll sell and wait for better price.. I'm expecting the stock will move sideways with negative bias for couple of weeks.. you can hold for medium term. I may be wrong, Please take your call. :)
Reply
sausawan abhinay
@abhinay, Thanks Abhnay. :)
I guess the price is moving in a channel and might have strong support at 632-630. Will square off if it fall below this. I have already averaged out twice at 672 and 660.
Still new to trading and learning from mistake :)
Reply
sausawan abhinay
@abhinay, Can we enter around 568-570.. Seems to be good support. Right now falling with low volumes.. Your expert opinion please.
Reply
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