General discussion (MEI), page-4282

Yes I did sell some today in the morning at 19, but did not do full exit. I bought back that 17.5, waited at 17 but felt it may not finish there. So my average is now 19.

The number 14 is based on trading pattern - first time it made a new high around 19.5 and when it was going down it reversed from 14, hence that number is in my mind. But I always had a thought that 17 may be an intermediate turn. But if 17 doesn't hold, it opens up the possibility. Lets see, whole sector is in turmoil, when it falls its difficult to say whether its stock specific or macro/sentiment. But first false step by MEI in a long time which was very strong earlier from a trading pattern/range perspective. So some vulnerability has now come in. How it responds is to be seen. All the best.