PGHL has BO'd from channel after trading sideways for sometime..., also worth noting is that it is trading just above the 200 EMA...targets marked. Trade cautiously...with a SL. This is not a recommendation, but an idea
Hi - It has broken the the support of 5300. I have it at 5500 level. Where will it seek next support? Thanks
Panchalk
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@ritu14, Goodness me!!...why are you holding it? Once a stock breaks out with SUCH GOOD VOLUMES but FAILS to move up ( maybe after pulling back), and falls back into the channel and keeps sliding just SELL..it is a FAILED CHART PATTERN..simple..remember even if 50-60% of chart patterns works it is good..
Panchalk
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@ritu14, Sorry...if it sounded a little harsh but i was thinking of your risk:reward...it will suffer unless you take swift action. Cheers
ritu14
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@Panchalk, Yes the loss is 9% already. and pls don't worry of the message. I rather thank you for alerting me and providing suggestions on the charts.
drohan99
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@ritu14 notice green candles are with BIG volumes & by BIG players . Same thing is visible in shareholding pattern also . Retailer % has declined . Understand the game . Results are back on track .. 6550 , 7500 on cards .
ritu14
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@drohan99, Ok. thanks. I m holding it. Didn't book loss as that was not the intention despite it broke levels. I will wait for a decent profit to exit. Your mentioned levels are great. Not sure to hold till these higher levels.
ritu14
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@ritu14, Insurance Companies sold 4% stake in P&G in Sept 21. Non Institutions bought the parred stake of FII and Insurance company.