My broker confirmed that I will have to do bidding under shareholder category for the allotment. No bonus or free shares.

You could have made the job easier by providing the stock name. While I think I can guess the probable reasons for not doing so, and while I also consider this as a learning exercise, there is also the possibility that I could have given up, if I could not have found the stock sooner.

Is this Vmart?

If it is, it appears to me, it had created a H&S pattern from 2021 January to 2023 March and had broken the neckline of 2460 or so, which also appears as a support, and went down further and took support at 2050 or so, and went down even further to the lows of 1595, a low which was last seen in 2020 May. It was trading in a range of 2460-2050 from March to September.

CMP appears to be a a support level, or it may fall further to 1390, another support level, a level which was last seen in 2020 March. Appears to be a in downward channel too, not sure.

As the price is 65% distant from ATH, I guess it is not a bad idea to wait to see if it goes back to 2050, or this could be the bottom for the current situation, as it appears volumes have been picking up along with some movement in the price. RSI on monthly chart is the lowest ever.

I don’t follow the business, and my observations could be completely wrong, so take them for what they are worth, and no position.

I have always found it difficult to average up in any stock. I generally buy a stock when it’s at attractive valuation. That means If a stock price is moving up, that means it’s not as attractive as my first buying, and so I couldn’t find comfort in averaging up. I was discussing this with few of the VPers in one of the meet, and I got following suggestiong
1) Read and understand about technicals. Learns from Vivek Mashrani and Hitesh
2) Put into practice the learnings
I feel l should test the waters with some part of my capital (with skin in the game) and depending on the outcome of my experiments I could gain confidence in averaging up in a stock. I think my problem is mostly psychological and I’d like to train my mind to find comfort in it

So, here I go. I have some fundamental view on MCX (with conservative valuation comapred to peers) that I’ve posted recently in MCX post
Link to the post here

Whatever gain i expected from the stock in 18 months, I’ve gained in 45 days itself. So, on valuation front MCX is not so attractive any more (after 40% up run in last 45 days). But instead of valuation factor, there’s momentum factor now. When I made the analysis, I compared the valuation with CAMS and CDSL and benchmark, but they have also gains handsomely in past 2 months. So, I expect even MCX to move up in tandem.

One can also see how BSE has performed over last 1 year, as it’s option volume is increasing well and gaining market share. Even MCX is going through somethign similar currently i.e. option volume growing at 35-40% YOY at a sustained rate. So, I expect MCX to rerate significantly from here

I’m averaging up in MCX and would like to track in future, how this performs in future. I consider this to be a new beginning and would help me learn to become a better investor (or momentum investor)

Disc: No reco by any means

Thank you
Praveen

Are the higher margins of Shilchar compared to TRIL because of the smaller products? Considering the hardware PLI and the growing electronic exports, these products would be commonly used. What is the competition face by the company? Very limited informatio available. If anyone has done scuttlebutt on this, please do share.

Telecom transformers range- https://shilchar.com/upload/entproductbrochure/telecom-transformers-1675707967.pdf