Yesterday the net was slow, i could not see your charts. I try to give explanation of Cairn because it has not given any pull back rally to exit. A typical black swan event.
Recent peak was 380 and then it continued to fall. So, our first entry is at 304. (20% down from peak). So your investment in the scrip is Rs.304. Your next entry is at 228. Third entry is at 152. Here one important clue. Third entry point is 152 which is half of your initial investment. So, now you can buy 2 shares for same investment of Rs.304. (But in case of your second entry an amount of Rs.76 is still lying in the bank). If the scrip tanks by another 20% ie Rs.76 you will have funds to buy 5 shares. But it has not come there. Now it is hovering around Rs.160. But your average price is Rs.209. That is present price is just 23% in discount from average price.
All we want is a 100% rise from last averaged price ie from 152 to 304 in the years to come.
Now, simply challenge the scrip.... say to it. "Give me the return or tank to zero and vanish".
Guess what?
Recent peak was 380 and then it continued to fall. So, our first entry is at 304. (20% down from peak). So your investment in the scrip is Rs.304. Your next entry is at 228. Third entry is at 152. Here one important clue. Third entry point is 152 which is half of your initial investment. So, now you can buy 2 shares for same investment of Rs.304. (But in case of your second entry an amount of Rs.76 is still lying in the bank). If the scrip tanks by another 20% ie Rs.76 you will have funds to buy 5 shares. But it has not come there. Now it is hovering around Rs.160. But your average price is Rs.209. That is present price is just 23% in discount from average price.
All we want is a 100% rise from last averaged price ie from 152 to 304 in the years to come.
Now, simply challenge the scrip.... say to it. "Give me the return or tank to zero and vanish".
Guess what?