newguy
July 5, 2020, 12:51pm
1
If certain stock keeps hitting upper circuit limits then how do people get the shares? Do they just place the order and hope they get the shares?
Search around the forum, there are many threads similar to your question.
If you are interested in any such stock, BEWARE.
I would suggest you to stay away from such stocks. As rapidly these stocks are rising, they will fall with same trajectory.
When stocks are hitting Upper Circuit it is hard to buy such stocks as there are very less sellers but say you are able to Buy and trend reverses, when it does you will be trapped in Lower Circuit and at that time selling that stock will be difficult and can turn out to be wealth destroyer.
I think the main answer to this question is place order after market hours and if not place at 9:15:00. Everyone one has individual taste in trading stocks.