ssnkumar said:
Hi Amit/Saint, I want to know your views on Kohinoor Broadcasting (BSE code: 531366)
I had bought it at 19.5. After that it went till 24.
Now it has started the decline and is at around 20.
So, any idea what to do....hold or sell? Thanks, Narendra
Hi Narendra...It's in some key support zone tonight at 20 off, and past this 18.50 is exit time. I couldn't say whether it'll turn north again and when, but 18.50 may give a bounce as that is last support for further down. This is in the charts. I wonder if you are aware that the highest point here is 27 off registered in December last. I remember seeing this in the forum, being called as a trading counter some time ago.
If I may say so, as an investor you should be looking into the fundamentals of the companies you are putting money in, whether Usha Martin, or Bharti or whatever. Once convinced and assured, invest, sit back, and let the market forces prevail. The good performance, growth, valuations etc. will certainly be reflected in the price action and your profits too. You'll simply psych yourself out chasing the daily price movement.
Saint is likely to see queries addressed to him sooner at his thread than here.
Thanks.