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
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.
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.