Hi Pooja,
There Can Be Several Strategies That Maybe Followed.....For This...With Differing Levels Of Risk Appetite....
While The One I Would Suggest For You Specifically If You Are Already Holding....Is To Knock Off.....30% Quantity Tomorrow If There Is A Rise In The Stock Price.......Thereafter....10% Of balance Quantity At Every 7-8% Rise....This Will Give You The Opportunity To Take Advantage Of The Continued Upside...& If There Is Dip...To Get Back Into It.....In A Staggered Fashion....To Buyback The Sold Quantity & Take Advantage.....In A Systematic Way In Accumulating It Back....Without Worrying About Too Much About The Downside...Or Upside...Get It Young Lady
There Is A Definite...Move In Terms Of Accumulation By Well Informed Buyers.
Happy & Safer Investing
SavantGarde
There Can Be Several Strategies That Maybe Followed.....For This...With Differing Levels Of Risk Appetite....
While The One I Would Suggest For You Specifically If You Are Already Holding....Is To Knock Off.....30% Quantity Tomorrow If There Is A Rise In The Stock Price.......Thereafter....10% Of balance Quantity At Every 7-8% Rise....This Will Give You The Opportunity To Take Advantage Of The Continued Upside...& If There Is Dip...To Get Back Into It.....In A Staggered Fashion....To Buyback The Sold Quantity & Take Advantage.....In A Systematic Way In Accumulating It Back....Without Worrying About Too Much About The Downside...Or Upside...Get It Young Lady
There Is A Definite...Move In Terms Of Accumulation By Well Informed Buyers.
Happy & Safer Investing
SavantGarde
Given the chart above by Pooja, I am also intrigued by how to guess the maximum range on upside? Should I look for chart or price range in terms of more than 6 months or one year? Because normally I try to look at last 6 months range and consequently see the resistance and support factors. That works out pretty well going by your SMA and BB system. But on the other hand most of the stocks are making this years high so that makes 6 months chart inconsequential in terms of measuring resistance.
Regards,