Hitesh bhai one quick question on how can one average down on a fundamentally good stock where one has a conviction.
For eg Gujarat flurochemicals have corrected from 4000 odd levels to 3100 .
How does one decide on price where one can average a stock where one has conviction.
I generally prefer average on way up but in certain cases where markets gives good opportunity it does make sense.
Your view would be helpful to understand how to decide price point.
Support levels can be one but sometimes they keep breaking .
Or is it wise to average once stock has made the bootom and started to bounce back ?
In such case you may buy at 5-10 % higher than bottom but chances of bottom being broken again remains less of a chance.
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