You are doing a very nice job and you are being very honest and tracking your tips as well.
I've one query for you. I have 120 shares of Godavari Fertilisers bought at 162.5. Shall I hold it or sell it? I had a short-term perspective in my mind when I made investment in that script. Also, 500-Bongaigaon and 500-Essar Oil were bought at 65.2 and 62.5 respectively with short-term goals. Can you please advise?
Regards,
Bharat
Hello Bharat
Godavari Fertilisers is not a good script to enter at any time as such it has very little volumes, therefore, technical analysis should not be applied to it. At present it is showing unusual fluctuations and appears to be consolidating. However, You can keep the script with a stop loss of 131.30 i.e. it the script closes below 131.30 you should book your losses. On the other side closing above 157 may give a target of 170-175 during intraday movements.
Essar Oil - Keep it for a target of 80 in next couple of weeks.
Bongaigaon Refinery - It has been purchased at appropriate price. If you can keep it for 3-6 months, it can give you good returns around 50%.