I am a beginner with somewhat basics in place.
I want to understand the timing of buying a stock. I know that there cannot be a perfect timing. But there has to be some timing to enter which gives decent or substantial gains. Like RVNL the stock rallied on back to back sessions and continuously touched new all time highs and stopped at 345. Since the results have been out, it is constantly hovering at mid 250-270 levels. Post the rally and the current stability, it is now understood that it was hyped before its result.
Now my question is how to access that a stock is over priced or at the correct valuation. I understand the logics of PE, PB ratios etc… but sometimes the stock sustains even at high PE ratios!
Any guidance on this shall be helpful
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