rajesh.sadhanala said:
Hi Ganesh,
I am not a senior but would like to comment. Nice Call on IDBI and congrats for making a nice profit.
I just want to know the reasons for your exit on IDBI, is it because u r interested in swing trade or in a short term. I would like to know the reason for the exit on 88 unless it is not a swing trade, if u can provide me the information how u set the target, it would be very helpful
Nice Work Ganesh, Keep it up !!
Raj
hi rajesh,
I am a mixed bag type of person..earlier was a mid term investor and have a long list of stocks that I followed....later, I was into only short term trades and futures (when the market was too high and risks started creeping in).... In recent terms, my personal analysis warns me of some sharp correction which may hit the stock market soon...this time, I believe that it would be a straight graph down (a steep one..may be)....so better pour in money, take it out at profits....name of the game is, risk with time limits and play with targets...set a stoploss..if your target is achieved beforetime, withdraw your money.......
IDBI, I must say is definitely much below levels now....will perform better, but does a stock at lower levels means a buy always ?????..there can be thousands of debates on it....I believe of buying a stock while going up not a one at the lowest stages....buy a stock after pullback from highs(if there are chances of further highs...hope you understand)....still I suggest you, LOVE YOUR MONEY AND NOT THE STOCKS(I'll post a story just now in the segment, jokes, humours and shayaris..read it if you have time)......
one had the profits at 88 on IDBI and then it may see some resistence at these levels, pull backs (a rare chance as this already is trading below expectations) and other actions...so I say, take your money out and concentrate on other stock...In this market there are lots of options for mid term also....
As time passes by, we all will gain much more knowledge by seniors like amitda, saint (sorry for not naming some top shots apart these)....
Ganeshhity
