The day hit us very badly.
Our positions went wrong yesterday. It was expected with such an up move.
Today I am short of time and not writing any analysis.
Let us stay with our trades.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.
Comments
DeepWater February 7, 2019 at 10:03 am
Hello Sir,
What is your view on Coal India 215 PE at 2.5 .
ReplyLooks like it satisfies all criteria. It hit 52wk low of 215.7 on 5 Feb.
KV Rao February 7, 2019 at 3:58 pm
If I understand correctly, (it satisfies all criteria) criteria should be applied when a stock just started downward journey. In case of Coal India downward journey started from 300 and it’s almost over.
Replyadmin February 8, 2019 at 7:57 am
Dear Mr. Rao,
Sometimes downward journeys are never over. See Reliance Communications, BHEL, Suzlon from the past and Reliance Power, Reliance Capital, Reliance Infra presently.
Tata motors was Rs. 450 in January 2018. Nifty is at same levels now and where do we find Tata Motors?
Cheers.
ReplyKV Rao February 8, 2019 at 9:57 am
Agree, Unlike junk stocks mentioned by you, Coal India does not fall in to that category. With good dividend yield, strong fundamentals, its bottomed out.
Reply