Hold Sah Petroleums with stoploss of Rs 12

Vasudeo told CNBC-TV18, "Unless and until Sah Petroleums changes the sequence from lower top to higher top - higher bottom formation there is no hope at this point. But one can hold on with this story at this point keeping a stoploss of Rs 12. But it would have a very tough time crossing resistance of Rs 17-19."

He further added, "The stock will gain momentum or will come into a higher top and higher bottom situation only if it crosses Rs 19. It is a big task at this point unless some miraculous rise comes onto the market and something happens over here drastically to change its complexion. Otherwise it is difficult for the stock to move up in the immediate near future."

"For the time being one should on but ideally if one wishes to switch one can switch to some active stocks, which are there in frontline stocks where the possibiility of the momentum is there and the possibly making profits also increases in the time to come."

Disclosure: Analyst doesn't hold the above stock.