Tata Technologies the debt free company and decent promoters stake of 55.39% and low FII and DII holding of 1.63% and 1.78% respectively has the first stoploss at Rs.1040. The last stoploss is at Rs.970 The first target of the stock is Rs.1150 and if it breaks Rs.1150 the next target shall be Rs.1400. At current price of Rs.1100 the stock has the best risk reward ratio of only 0.20 and can be accumulated at every dip for long term gains.
First stoploss is at Rs.34 and last stoploss is at Rs.30. Today the stock crashed by 20% lower circuit. The promoters of the company appear suspicious as SEBI has issued them notice for erratic price movements. At current price you are already at a loss of 32%. You have three options 1) Book the loss of Rs.32% i.e., Rs.17000 and exit. 2) Do nothing and wait for the price to correct to the original levels. 3) Average out between 30-34 at an average price of Rs.32.50/Rs.32 in staggered manner and add 1000 shares which shall bring your average price of 2000 shares at 43.25. This will bring your average loss to Rs.21500 but when the price rebounds it shall easily cross Rs.43.25/Rs.45 and you shall be able to recover your loss with some profits. Lesson to learn: 1) Never buy large quantities in one go. Always buy in staggered manner. 2) Always buy good companies with strong background of the promoters, financials and credentials.
