Garware Wall Ropes quashed the negative market sentiment and zoomed 4.6% in today’s session. The stock entered new high ground and closed 5% above its pivot of Rs 1,038.40.
Key indices record sharp losses; broader market underperforms.
Daily Market Review:
Amid weakness in the global cues, frontline indices started the second half of 2018 on a subdued note.
The benchmark indices began the trading session on a positive note, but changed its trend early and dived lower. However, buying seen in the late hours limited the losses to 0.5% each in the benchmark indices. Continue reading “Daily Big Picture – Weak Global Cues Drag Nifty Below 50-DMA”
A stock that rises 20% to 25% from its buy point presents a choice. Do you hold or take the profit? Several factors can legitimately influence that decision.
One: If the stock’s 20% gain comes in the first two or three weeks after the breakout, then the stock should be held for at least eight weeks — barring outright sell signals. The great stocks often get a fast start. You don’t want to sell such a stock too early.
Two: If the stock took longer to reach the 20% mark but has three quarters of EPS acceleration in a row, you might want to hold the stock. Continue reading “Sell And Take Profits In Growth Stocks, Or Hold?”