Hi Richie! I am stuck with Subex since 9.8 level. Could you please see if there's any hope for it and would there be any good stored so that we can go long with Subex? Thanks!
TheChauhansView
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@sahilmathur, Sorry buddy. As you know, you should have got out of the trade long back.. Anyway, nothing is gone as yet. I have checked the chart today, there is weekly, daily, 4h diversion and it will go up very soon.. wait for some more time please. you have nothing to loose except time. So stay with it for some more time.. it will go up very soon - when - i have no idea.. but all the indicators are pointing UP soon. Hope this helps.
My advise to you is that you need to keep a SL - and never marry any stock, emotionally!! As stocks are stocks, anything can happen.. once it closes below your SL target, you need to get out.. full stop.. you can always buy it when the opportunity comes in future.
Sorry once again. I will keep an eye on this one, as soon as there is a possible reversal sign, i will inform you immediately.
sahilmathur
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@richie.Chauhan, Thank you Richie! Keeping the faith. I believe, it won't be a good idea to average and bring down the buying cost which in turn could cover up in next rally, if there's any? Many a times I have got a temptation to book loss (2K in my case) and exit from this scrip and invest in some other momentum/fundamental friendly stocks, which might help me recover my losses and also help in having a successful positional trade. As said, I am not a trader who trades on day to day business, but yes positional short term trades is my forte.
Agreed, should have kept stop-loss, but Subex being a low beta stock wasnt moving much either ways with nifty correction, however, the unexpected happened and it slipped below 8/- in a single day! :( So yeah, that's true - never marry a stock.
Just hoping if I'll be able to cover my buying cost and exit. Subex results might also help, perhaps.
PS: Other than this, could you please check the chart of Chembond Chemicals and GSS Infotech? Holding GSS since 48 levels and Chembond since 335 levels. Can you see something special going on in these two charts? Thanks in advance.
samyr99
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Option 2 active .. COOL!
Hulk703
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am in at 11.36 so I'll wait and sell on rally and if it comes down ..the to grab more near 10 level
Hulk703
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thank you sir .. really appreciate ur efforts and analysis