For my core portfolio stocks I usually don’t wait till stock hits 52 week lows. Usually two lines in the sand for me are the 30 week exponential moving average and below that 200 dema.
One stock which I gave a long long rope to in recent past has been Usha martin. It briefly went below 200 dema intraday, but did not close much below that level. Two things helped. First is the fundamental conviction. Especially after listening to concall. And second thing was understanding the reason for pressure on the stock. Which was constant selling by the Prashant Jhawar group and entities.
Subscribe To Our Free Newsletter |