I don't get why people still get into these stocks. On a long position, as long as the stock is hitting upper circuits it's all rainbows and sunshine. But look at that trap after a few UCs. A series of LCs where the person with the long position can't help losing his/her sleep.
I am holding 500 shares at average price of 101, please anyone suggest should i wait more,
Initially bought 117 then averaged to 110 then 115 now 101
sankatradesindia
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@k4khansonly, There are tons of other options in the market. Get out of this.
nehagupta87
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What should be done in such scenario if bought @ 157?
sankatradesindia
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@nehagupta87, If I had a position in this stock, I would exit any chance I get. It is a horrible trap. You might feel like holding the stock because of the upper circuits being hit but once that run is over, there will be a series of LCs and you won't be able to exit. Let smartness take over greed.
Initially bought 117 then averaged to 110 then 115 now 101