Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

ENGLISH INDIA CLAY : Strong Sell

41 sec read

 
I HAVE 10 ENGLISH INDIA CLAY @3200.AND CMP IS 1739.WHAT SHOULD I DO? HOLD OR SELL.MY COST WILL COME IN NEAR FUTURE?
 
 
Hi Nitesh Guptha,
Sorry to reply u late.
Your Stock English Inida Clay.. Technicals are weak. Charts show a strong selling signal. RSI level is at 72.19 just above the overbought level. Huge selling volumes on March 18th seen in the chart. In the short run your stock has support at 1130 and 937…..

As per My view the stock you holding is a speculation stock. It shows a uptrend only from oct,2007 what all the speculative stocks do from OCT 2007 onwards. It is hard to say that This stock may reach Rs400-500 range What the supports where in OCT 2007

My Advice is better you switch your stocks from English India Clay to Arvind Mills CMP is 38.

Regards,
Rajandran R

 
 
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Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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