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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » NC,Shark,Robotofix Pls give ur valuable ideas

NC,Shark,Robotofix Pls give ur valuable ideas

5 posters

Go down  Message [Page 1 of 1]

sachee


Senior Equity Analytic
Senior Equity Analytic

I have 5400 shares in GREG N Average price is 18.70,I feel Decline the price of GREG is it worth to sell my whole greg in current market price (Nearly 24000 loss) and get LIOC Shares at current price I need to decrease my loss and get my money back and leave from Share Market pls advice me

SHARK aka TAH

SHARK aka TAH
Expert
Expert

sachee wrote:I have 5400 shares in GREG N Average price is 18.70,I feel Decline the price of GREG is it worth to sell my whole greg in current market price (Nearly 24000 loss) and get LIOC Shares at current price I need to decrease my loss and get my money back and leave from Share Market pls advice me

Hi Sachee

You might have bought during April or may Last year.
You should have bought few more when it Hit low around 11-12 range.
And brought your holding cost to near market price.
You could have easily disposed there-after at a nice profit.
This is what you should have down.
I hope you are not on Margin trading, but your own money ? am i right.

Currently GREG is at a 50% correction and probably go towards 13.80-13.50 with an extreme correction @12Rs

You may buy at 13.80 and 12Rs steadily to bring your Holding to the current market price also 10Rs if it come on a very extreme scenario which i presume.
You may add few shares at current market price which @50%

always try GRID trading, its a highly risky but should not practice as a regular trading method.

Below 9.50-9 you should exit all.

Hope this strategy will work if you stick to it.
GREG for me is atrading counter, which will work well if you follow what i stated.

With regard to LIOC you should not mix up this with GREG decision to sell.

Disclaimer:
legally i need you to be aware trading in equity or any derivatives in CSE are highly risky and consult an expert investor advisor before taking any decision. Also its your responsibility to Do your own due diligence.

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Dear Sachee,

Here is the chart on GREG.N

I did it for you cos you are new and i feel you are genuine and concern.

The Greg completed the Bearish Gartley pattern.

On the right side of the chart you are looking are the BUY points for you .....

NC,Shark,Robotofix Pls give ur valuable ideas Greg_g10

The beauty of gartley at work .... Very Happy

sachee


Senior Equity Analytic
Senior Equity Analytic

Thanx lots Shark is there any automated tools exist create this type graph? thanx again ur valuable time consuming for me

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Charts are from Direct FN. You can check the Help section in our Forum. I did a Youtube on making charts and posting to the Forum.

Regards

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hey sachee, seems you got some valuble ideas....
Did you close half a lot as I said in your previous post there? pullback is expected around 14-13. And greg target 19 is not yet hit so we can wait & see... If it hit 19, close all, these type of stocks may not fit for you. And don't get out from the CSE, better to invest on fundamentally sound shares.

-GL

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hi sachee, sorry for later reply,

I agree wih shark's analysis but I do not agree with his idea to buy greg further to lower down your averge cost, because you need to buy a high amount. you can invest it on any other strong share and have some good return shortly.

I should tell you 18.70 is a higher price. When look at SHARK's graph, correction @ 12 seems much probable than we expect because it just passed a high overbought condition.

Don't try to sell now. As NC mentioned you will get a chance again to exit at minimum loss or small profit. Remeber to dump all at the first chance without waiting for a upper change of a rupee.

mmm... Currently I cannot definitely tell you how much will the price be after correction but I promise to post my complete view later on behalf of you and others who got stuck with GREG. To that, I should do some analysis myself.

Don't get much stress by thinking about this continueasly. There are no many factors to get afraid of losing whole money, due to the uptrend of market.

Thank you shark for posting that graph. It is extremely useful.

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Hi Robo,

Had sachee been with us since last april, he could have exited at a decent profit.
Anyhow its all in the past, now sachee should concentrate on others.

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

that's true shark. Thats the bad result of playing with craps.

Anyway, What is your prediction about the price after the correction. I feel correction may go beyond 12.00 by few cents. (About 11.60 - 11.80) .

My small analysis alerts me price after correction will be around 17.30 . Unfortunately, something goes wrong in my pc and DFN takes more than 3 seconds to adjust a line. (OMG, cursor just disappeared)

sachee


Senior Equity Analytic
Senior Equity Analytic

Thanx for all your valuable comments brothers... Very Happy

SHARK aka TAH

SHARK aka TAH
Expert
Expert

17Rs or 16.90 are good

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Roboticfx wrote:that's true shark. Thats the bad result of playing with craps.

Anyway, What is your prediction about the price after the correction. I feel correction may go beyond 12.00 by few cents. (About 11.60 - 11.80) .

My small analysis alerts me price after correction will be around 17.30 . Unfortunately, something goes wrong in my pc and DFN takes more than 3 seconds to adjust a line. (OMG, cursor just disappeared)

Spot on Robo 11.60-11.80 Very Happy

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

sachee wrote:Thanx for all your valuable comments brothers... Very Happy

Another thing sachee don't get disheartened and leave the Market. Have to learn from the mistakes.
Market always give opportunities.
We have to ready in financially and sufficient knowledge to grab those.
Threre is no Rocket science just the learning and have a close look at the market will assist you to grab those opportunities.
All the best.

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

SHARK wrote:Dear Sachee,

Here is the chart on GREG.N

I did it for you cos you are new and i feel you are genuine and concern.

The Greg completed the Bearish Gartley pattern.

On the right side of the chart you are looking are the BUY points for you .....

NC,Shark,Robotofix Pls give ur valuable ideas Greg_g10

The beauty of gartley at work .... Very Happy

Thanks Shark Valuable Graph.

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

So sachee, now shark confirmed the price after correction will be 17 approximately. That does not signal that price cannot go up beyond 17, but it may reach to that level at least. We will able to tell you, till what level it may reach but it is difficult to be done before correction.

I request you to sell off all shares you hold at 17. But if you feel it is much likely to go up, wait only a short moment. Immediately sell off if trend breaks down. (put an market order)

Please post anything that you want to ask regarding GREG. If you notice any strange thing, post it immediately. GREG had not in my watchlist, but I added it and expect to keep it until you get rid of this problem.

Happy Trading!

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