It is very risky to invest in equities directly why dont try Mutual fund which is less risky and also giving good returns. I am a Mutual fund advisor from NJ funds for free consulting give your contact details to [email protected]
Dear swaroop,
firstly i am sorry that i am replying to your post so late.
I also burnt my fingers in daytrading in the past 2 months due wild swings in in the stock prices and hitting the stop loss.
We must realize that the markets are in a strong bear hold and it will be so for some time to come. Therefore it is wise to sell your stocks whenever you see a minor rally and wait for a good time to buy at a lower level. In short book your losses.
I am not a professional trader myself but i hope we can improve our trading skills by discussing and seeking advice from experts.
no worry abt astra microwave & MRPL for ST bullish MACD crossover signal is thr. Astramicrowave is is the new low region with res @ 59(tgt) & support @ 44. MRPL is one stock i think u might hav entered @ wrong phase -decline phase. This stock nd 2 sustain abov 72 fr a tgt of 86 in short term. bt always have in mind when market crashes all these stocks also crashes...no bottom is the ultimate bottom. so hav a look on market too. we hav a tgt on nifty as 4400. so even if thr is small profit try to exit & buy at lows. dont try to average. as a single stock both r bullish - upside tgt sure.