Questions by - GSingh Negi
Stock Name - National Mineral Development Corporation
Buying Price - Rs. 188.7
You seem to have entered the stock at a sightly higher level, always wait for corrections after a run to enter. We would have recommended an entry 10% lower from the buying price. But the good news is that the stock is in an up move, 207 is an important resistance level, if stock moves above these levels it will give you good returns in the coming months. 163 & 152 very are important support levels, if stock closes below these levels on daily basis it will not be worth holding.
Question by - Rachit Sinha – Patna
Stock Name - Prakash Constrowell
Buying Price - Rs. 98.3
We would not have recommended this stock as it is a very recent listing, stocks with a listing history of at-least 4 years would be more robust picks. Young stocks are more prone to volatility bouts, hence are in general highly risky.
The level of 126 is an important resistance level for this stock, if it moves above this level it will move much higher. 80.55 is an important support if stock closes below this level on daily basis it will go further down, so you can place your stop loss at this level.