Graphite India has good fundamentals and due to issues in China, demand for Graphite rods increased sharply during last few months. However the scrip showed more or less speculative trend ( increasing from Rs. 98 to Rs. 909 -52Week high) At present the scrip is in correction phase along with the market. and even on 20th Feb the scrip declined by Rs. 35.Further correction feared at this counter. Better book losses if your holding is large.Even if the scrip is good, it may not stand selling pressure at this juncture.
Rain now at Rs. 364 is in down trend. as such the scrip is more or less speculative in nature. So for the timebeing , you may cut the losses and be safe.
Patel Engg now at Rs. 75 is in slow uptrend. Hold and there are all chances that it may reach Rs. 85/90.
PNB now at Rs. 125 has declined sharply during last few days. However now it the matter of confindence lost. Nobody knows, what will the actual loss to this bank and other PSU banks. So donot get tempted to buy these scrips. No need to take any chance/risk in this sector now.
Very strong company and current price is very low. Donot sell at loss. You may buy in small lots to average in this scrip.
Radico now at Rs. 347 is in steady uptrend. You may hold the same for short term gains
in the short term Greaves cotton at Rs. 122 is in down trend and this will continue for some 10 days and then slow uptrend can start. For long term investment, you may hold the scrip.
As such the market is expected to correct, in the coming sessions. More over Jindal steel and power is also in correction phase. However steel industry is in upward phase. So you have two options: sell now and enter at somewhat lower price or retain the scrip and let this phase be over in next 15/20 sessions.
Many a times, results of the company and trend of the scrip may show divergent trends. Similarly in Glenmark, the scrip is in sharp correction phase. CMP Rs. 530 and the scrip is now nearer to its short term bottom.Hold.
During last few days, the scrip declined sharply. However now at Rs. 139, the scrip is expected to show slow uptrend.you may Hold