Deepak Nitrite dangerously close to a Stop In the Capital Mind Premium newsgroup, we had a discussion on whether Deepak Nitrite had hit its stop.
This was till Friday. Today it went up 3.5% to 87.75 and has bounced off the lows.
We ignored the MACD Cross earlier, and we ignored the move to the lower bollinger band. These were are potential stop losses.
The reason was that the stock had been moved to a 20% stop loss band. Which translates to a price of about Rs. 80. Even though it crossed it’s 20 . . .