Query Trends : RPL

Query : I am holding 16000 shares of RPL at an average price Rs.215. Invested a big amount now stuck so. Please give me what to do ? I am a short term Investor with a view of 3months holding capacity, so please guide me what to do? Hold or book losses? Will I get the price of Rs.260-275 in two-three months?

Thebullishtrends : Today RPL closed at Rs.215, RPL is a world class refinery it will have better profit margins compared to PSU refineries. Try to step in stock markets in longterm view. The Price Rs.260-275 will be possible only as per the market trend. You are a short term investor try to book profits step by step once it crosses your desired levels. Technically RPL is having support at Rs.180-190, eventhough you need to worry about the present price wait for 3months.