Investing based on techno funda approach requires a special mindset. In this type of investing, there is often very high churn rates and many a times entry signals come at levels much higher than previous exit signals. Practitioners of this discipline have no qualms about buying a stock at 30-40% (or whatever level is indicated by charts) higher than earlier selling levels.
Specifically in case of Vimta, I made my exit from it because I found much more compelling options and hence found it easy to switch.
If you find it difficult to practice techno funda approach then its not for you. You might try and find a style suitable to your temperament and try to follow it.
For me some of my picks fall into the medium to long term category, where barring the ocassional swing trading, I keep holding them as long as the growth remains on track and tailwinds persist. In rest of the part of my portfolio, I follow techno funda or pure technicals and I try to be pretty clear at the time of buying what kind of call I am taking. Whether its pure funda, techno funda, or pure technicals. That makes it easier to deal with decisions at a later stage.
In case of Vimta labs, for the long term investors relying on pure technicals, 340 was a breakout above previous all time high and the stop loss was a conclusive breach of level of 270, which was the swing low prior to the stock breaking out above 340. Target for the pattern breakout was 580 and 620. For short to medium term guys this whole equation would have been different.
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