BajajHind down day by day
- Thread starter rahulyadav1982
- Start date
that which goes up comes down eventually and vice versa (with good stocks) 
Bajajhind is a trader's counter, so expect huge upside and downside movements. Don't worry with bajajhind, it has a different personality, it will go up when everything else goes down.
Nothing is wrong with the company. try to average around 140-160 levels. If it goes below 180, expect 172-155 levels.
Bajajhind is a trader's counter, so expect huge upside and downside movements. Don't worry with bajajhind, it has a different personality, it will go up when everything else goes down.
Nothing is wrong with the company. try to average around 140-160 levels. If it goes below 180, expect 172-155 levels.
The reason, Sugar stocks are falling is that "The supply of sugar stock" is more than demand.
Sugar companies are having tons of sugar to be sold by august 2008. As there is more sugar to be sold, the prices of sugar will come down and reduce the profit margin for the companies. that's why the "Big players" are selling.
Average means to "reduce the price by buying more at cheaper price"
1. You have bought 1000@237
2. suppose it falls down to 155
3. if you buy 1000 more at 155 then
4. 237000+155000 / 2000 = 197
you'll be having 2000 shares at 197 rupees, and you can sell it around 240+ in 3-6 months.
Sugar companies are having tons of sugar to be sold by august 2008. As there is more sugar to be sold, the prices of sugar will come down and reduce the profit margin for the companies. that's why the "Big players" are selling.
Average means to "reduce the price by buying more at cheaper price"
1. You have bought 1000@237
2. suppose it falls down to 155
3. if you buy 1000 more at 155 then
4. 237000+155000 / 2000 = 197
you'll be having 2000 shares at 197 rupees, and you can sell it around 240+ in 3-6 months.
Averaging down strategy works pretty well for long term investors. One needs to have enough courage to see big negative loss number in personal portfolio during short to medium term.
When stock falls, there is reason behind it and it is anybody's guess to predict the bottom.
You can smartly use avaeraging strategy by adding to the position after you see that stock has started going up for few days after continuous fall.
Don't try to catch falling knief.
Happy Trading.
When stock falls, there is reason behind it and it is anybody's guess to predict the bottom.
You can smartly use avaeraging strategy by adding to the position after you see that stock has started going up for few days after continuous fall.
Don't try to catch falling knief.
Happy Trading.
Similar threads
-
Explore Enhanced Options Strategy Analysis- Backtest Expired Options W/O Downloading From NSE
- Started by newtrader101
- Replies: 6
-
-
-