1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

HCL tech

Discussion in 'Technical Analysis' started by sethuramcbe, Oct 1, 2015.

Tags:
  1. sethuramcbe

    sethuramcbe Responder

    Joined:
    Dec 31, 2014
    Messages:
    88
    Likes Received:
    50
    Hi,

    My question to forum is whether HCL tech is a Good buy on Dips,

    I always buy good quality company once i see 15% or 20% down,is this a good strategy

    Is Scavenging like this is a good way ?

    Do let me knw your views

    I have a position of 80 HCL @895 ,Should i add more on dips or hold
     
    sethuramcbe, Oct 1, 2015
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Its a good ploy but then if you are investing in fundamentally good companies, your aim should be to buy at cheap price but then what you are also doing is buying at discounted price.

    Adding more to HCL as of now is not recommended but let the price form a bottom and at that level you can add more if you want.
     
    shabbir, Oct 1, 2015
    Share #2
  3. sethuramcbe

    sethuramcbe Responder

    Joined:
    Dec 31, 2014
    Messages:
    88
    Likes Received:
    50
    How to identify bottom
    what are the ways to identify it
     
    sethuramcbe, Oct 1, 2015
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I would prefer a formation of W, formation of U for an alongated time or formation of plateau with no clear direction. The time for U or plateau varies based on the amount of fall.
     
    shabbir, Oct 2, 2015
    Share #4
  5. Suresh_Sinha

    Suresh_Sinha Active Member

    Joined:
    May 1, 2012
    Messages:
    209
    Likes Received:
    30
    I think this discussion should be moved over to technical analysis forum
     
    Suresh_Sinha, Aug 16, 2016
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Moved.
     
    shabbir, Aug 16, 2016
    Share #6