so of the members in the forum who say that the expects guide us and we earned an lot from them then what was the reason that they have not recomended the share of shangavi forging non inst 1.8 times and retail 2.9 times most of freinds shorted it and got trapped rs 85 closed at rs 113 markets were down but sanghvi up
The moment I revised my stop loss from 95 to 105, as if to touch that, it came from 116, hit my stop loss and then duly went back to 114. My innings in this is now closed.
In other words, trader will get another opportunity. Trader should not become emotional & keep on averaging to recover loss.
Purely by number game, I should have gone long when it crossed 96 with a stop at 87 (wide stop-loss). However, I hesitated on seeing broad-market sentiment as well as recent track record of issues.
On seeing its strength, I bought 50 shares at 90 in the morning. 25 shares sold for 95. For the remaining 25, waiting with trailing stop loss. It seems many have shorted in the morning and short covering may lead to a spurt in price.
What do you mean by "Sanghvi Forging 103- Yes. If breaks 100, I would like to short. If not, then, market will not close from today onwards. " I didn't understand the second part of the statement. Is it a Typo??
Sanghvi Forging 103- Yes. If breaks 100, I would like to short. If not, then, market will not close from today onwards.
This is another overpriced issue. As it is tiny IPO, Operators have cornered & playing. Trader will get another opportunity. I will watch for one week, if it does not break 100 today.