help plzzzzz

[kishan3036]

Hi I am a beginner in trading and have bought 17 RANBAXY shares @ 469.70 and 13 JINDAL STEEL AND POWER shares @ 720.30 thinking Ranbaxy wud hit 516 and Jindal wud hit 800 within a month!!!!!!!!!!!!!!!!!! bt these shares are moving downwards and becoz of these i cannot invest in other shares as i have many more other shares.. Are there any chances that the above stocks will hit ma target in 1 month or so?? plz reply frds

 

[loke4300]

my 2 cents...

RANBAXY:
IF

on Monday [26/04/2010] closes above 459.80 [20 EMA], should fetch you 465, 471 and 480. Strong resistance around 485-90.​

ELSE

book you loss if Monday's closing is below rs. 453.​

-------------------------------------------------------------------

JINDALSTEL:
stock hovering around your entry price. Still above 20 EMA.
IF

need to exit, aim for median level of the long bearish candle at rs. 734.50​

ELSE

continue to hold for long terrm with SL of CLOSE below the 20EMA​

 

[kishan3036]

Thanx for the reply but is it fine if i buy Ranbaxy at 440 levels so as toi average it out n then sell at 485 levels??

 

[loke4300]

it would not be correct to average your losing position.