pnbalaji said:
Hi Saint,
I bought orchid chemicals at Rs 257.4 on the day you recommended. Now it is coming down. I don't mind holding it for a short term of 3 months or so, but would like to know your recommendations on it.
Thanks,
Balaji.
Hi Balaji,
I am sorry but I do not remember recommending Orchid Chem.The ones in
blue are the ones that I find as yummy and am entering myself,and sharing with everybody else.The ones that are in black are just replies to queries on the stocks that they own.
But Orchid Chem ,I do not remember even saying that I liked it........
Anyway,the scenario now on Orch Chem is this.We are bobbing our head against resistance on this one and a strong one at that.That monthly down bar in October if not negated totally is a sign of things to come.
I'd get out here,at breakeven price.Maybe this is going to take out this high and go to new highs,but greater are the odds of a fall from here.
Your call to take................all the very best!
Happy Trading!
Saint