RNRL Hold or SELL

[Akash_]

hi......my broker got me to buy RNRL at Rs 70 per share now I have very very huge chunk of it sitting on my delivery. I have manged to sell 50% of holdings at loss of about Rs 3 to Rs 4.

I still have a very huge chunk lying around somewhere around 3000 shares.

Now news is that stock can go upto Rs 75 to Rs 90 levels.

Now shall I hold this stock or sell it and to what level ?


how much time am I suppose to hold this stock if I dont sell it now I am only scared if it falls further I am screwed ?


Plz suggest what to do nd if ur holding some of RNRL plz tell me what ur thinking of doing with it ??

Thx

 

[agnelom]

HOLD RNRL It will go up shortly and then you will be happy

 

[vijushimpi]

damn, I bought @ 45 , but sold @ 53-54, why I didn't waited ?

 

[simple_trader]

Over all RNRL charts suggests, some good time it will go to 85-90 range. And in some bad time, it will be down to 35-40. Keep trading it! It will continue to be volatile in this range based on news flow.

 

[magnet]

Since no news came in AGM share went down...Alsoif in 2-3 trading session no more news comes again it might go low ..i guess upto 55...Than a news will come and again it will jump 10-15%......I am myself waiting to get it at 55 levels...It will surely touch 70-75 level but do give it time as it is news driven stock

 

[sagetrader]

Hi

Thanks very much to all every one is giving valuable suggestions.

 

[Akash_]

" meri phati padi hai " lol

any idea when are they gonna come out with their exact agreement betwn RIl nd RNRL.

 

[shanki99]

yeah me too....having couple of thousand shares bot at 80 and 30 ranges

 

[magnet]

No news will come soon...Mukesh washed his hands saying we will give gas....but all depends on government about pricing and all..

Its obvious it will be given...

Soon or later anil might get cash from Mukesh and he will do some buying related to RNRL and stock price will go up...Just like what we are seeing in rel power

Those caught above 75...needs to sell whenever the news comes....Those holding at 30-40-50 needs to stay as they will get 75-80+ price on spikes....

And people like me should wait for price to touch 55 level untill no news comes to take positions(of-course long)

People thinking to average should invest remaining cash in rel power rather than rnrl(as its a totally news driven stock)

 

[Uninitiated]

i have RNRL from conversion long back. I have some spare cash in hand now. Should I buy more RNRL? Or buy Reliance Power as magnet suggests?