JAY BHARAT MARUTI - Breaks Out with high volumes.. Tomorrow, company is publishing its results, risky to take position ahead of its results. watch out!
Any idea? Its below 650. Should we hold or sell off. Took position at around 717. Please suggest.
abhinay
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@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. :)
sausawan
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@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 :)
sausawan
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@abhinay, Can we enter around 568-570.. Seems to be good support. Right now falling with low volumes.. Your expert opinion please.