Sirji
My head refuses to believe it.Continuously only buyers in the uptrend hitting upper circuits.
Now on the down side,only sellers continuously hitting lower circuits.
Another Castex ,Metalforgin in the making.
Your statement is partially correct..
Mangalam hitting lower circuits for past 9 trading sessions...
but it has given fair
opportunity to sell @ 350 rs level on 6th day down circuit ie on dec 16th... lots of buying happened that day
In your statement your talking about absolute down circuit... but its not true...
A stock that has moved from 20 rs to 450 rs ...obvious to hit lower circuits...
and we should not be so so greedy of moving it from 20 rs to 1200 rs in a direct short..
And i had castex tech in my portfolio.... i purchased it around 150-170 level.. and i sold it @ 17 rs... believe me nothing happened to my capital.. my profits reduced in small percentage...
Before entering such stocks... trader should have clear idea about what he is doing and he should know max risk..
Investor point of view ... his portfolio should contain 30+ stocks so that risk/stock will be diluted and he should believe in over all team performance than depending on individual stock....