Stock has taken support multiple times at Trendline in the past. If breaks TL tomorrow then can consider targets of 213, 211 & 207 in coming sessions (Intraday and Swing) However if bounces from support tomorrow and crosses 218.50 then can consider for long positions (Intraday only)
what do you think about power grid for long term ie, more than 10 years
Novicetrader2015
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@not_so_nifty Hi, I can give you idea about intra or swing trades. 10 years is a long time(positional) for which one needs to thoroughly check company fundamentals before investing
mercifulMaster41373
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I have bought powerfrid 225 ce @ 6 (6 lots) day before yesterday... Do u think April will have a good upmove or should i exit at cost if it goes around 220 again
Novicetrader2015
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@mercifulMaster41373, Short term view was bearish and it has broken the TL and come down today. 207-210 should act as good support and stock can bounce from there in next week or so...however thats a lot of risk so take a call as per your risk management, if you can bear the losses even if the stock tests 207 levels
mercifulMaster41373
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@Novicetrader2015, now that stock price is around 221, what do you think from here? Should i exit at cost or hold?
Novicetrader2015
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@mercifulMaster41373, It should go up if crosses 224 tomorrow. Else exit on cost/mild profit
mercifulMaster41373
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@Novicetrader2015, had 225ce @5.9 so i exited today when share price was around 222 and 225ce was 6.25, booked small profit coz i had 6 lots (very risky). Thank You for supporting