Stock Querry

Recently I have bought 500 shares each of Electro Steel Casting & Aksh Optifibre @ Rs 19.65 & 14.65 respectively. Should I hold or sell. Please advice at the earliest.
Regards
Amit Basu

 

You have bought "recently" and you want us to suggest whether should you Hold or Sell?

Means you are a short term trader. Right?

Aksh
I see that today in daily charts, price has broke the middle bolllinger line (Rs 14.77).

In weekly chart also, price has just broke the long term support of 200 DMA .(Rs 14.84).


You may wait one more day for the confirmation. It looks that the stock is in long term downtrend.

If price falls more then get out of it asap.

Electro Steel

Stock would have to close above 4.20 in short term to show positive signs. As of now it is bearish.

Fundamentally, there is nothing interesting.

Disclaimer: I think I am better at fundamental analysis.