Berger Paints
Buy price 106.85 (after averaging the stock)
Current price 95.05 (loss of 11%)
As I was expecting, Berger was not good to enter long at that time. I also had a stoploss for Berger which got hit on last trading session i.e. on 12th November 2010.
But, I did not book the loss and still holding my long positions in Berger.
Reason: The long position in the Berger was taken on 6th Oct 2010; and at that time I was lacking a very minor but very important understanding of the Markets, which is related with time. Even now, I am not fully conversant with that aspect, but at least I know that how to deal with the technical analysis along with the concept of time. And, I expect that over a period of time I will be able to understand and implement it more appropriately.
Now, coming back to dealing with my long positions in Berger. The chart is placed below and Berger Paints is very likely to take support near current levels. And, there are very great chances that I could come out of it either at even price or if I can find any opportunity - I will also be adding positions in Berger paints to average my price and having very minor gains at least.
The coming period i.e. around 2-3 weeks will be the time for me to test my skill and understanding; and I hope that I will be able to convert the current 11% loss in Berger into some gains.
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Buy price 106.85 (after averaging the stock)
Current price 95.05 (loss of 11%)
current holdings in NSE
In the current holdings, Jubilant, Berger and Hinduja these three are looking not good and may have to come out whenever prices are equal/near to the buying price.
In the current holdings, Jubilant, Berger and Hinduja these three are looking not good and may have to come out whenever prices are equal/near to the buying price.
But, I did not book the loss and still holding my long positions in Berger.
Reason: The long position in the Berger was taken on 6th Oct 2010; and at that time I was lacking a very minor but very important understanding of the Markets, which is related with time. Even now, I am not fully conversant with that aspect, but at least I know that how to deal with the technical analysis along with the concept of time. And, I expect that over a period of time I will be able to understand and implement it more appropriately.
Now, coming back to dealing with my long positions in Berger. The chart is placed below and Berger Paints is very likely to take support near current levels. And, there are very great chances that I could come out of it either at even price or if I can find any opportunity - I will also be adding positions in Berger paints to average my price and having very minor gains at least.
The coming period i.e. around 2-3 weeks will be the time for me to test my skill and understanding; and I hope that I will be able to convert the current 11% loss in Berger into some gains.
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