AMITBE said:
Hi Suja...Both of the Facors appear to be bottoming out, though way below the s/l levels from your entry. Should the market be stable, you may see some semblence of an arrest in their fall. Both should at least keep above 9 to stablise. You've entered high if I remember correctly, but do consider moving to better counters at some point. This sector is not going anywhere in a hurry.
Vishal Exp has been a champion under performer for all the buzz here. The downside may not be a lot from here, but to the up, you may want to consider pulling out at entry and place the money elsewhere.
Hotline Glass has work to do still and will look better above 13. Can't remember where you entered.
Do give the entry for reference each time.
Regards.
hello Amit
How are you boss? Yes I entered at high rates. The current position are as follows
Hotline Glass 500195 CMP 11.13 Holding 3000 @ 13.53
Vishal Exports 532618 CMP 6.74 Holding 5000 @ 7.10
Facor Alloys 532656 CMP 6.28 Holding 4300 @ 10.40
Facor Steel 532567 CMP 6.79 holding 2500 @ 10.60
I also believe that both facor alloys and steel is bottoming out, but the price has gone down more than I expected.
Thanks and awaiting your comments.
With best regards
Suja