I hold shares in Suzlon, ATGL, and Tata Power, and given the recent downturn in the Indian market, I’m unsure about my next move. Below are the details of my positions:
Suzlon Energy
Number of Shares: 200
Buy Price: ₹70
ATGL (Adani Total Gas Ltd.)
Number of Shares: 50
Buy Price: ₹890
Tata Power
Number of Shares: 50
Buy Price: ₹470
Considering the recent market crash, should I:
Averaging Down: Should I buy more shares at the lower price to reduce my average cost, or wait for further declines?
Hold: Should I just hold on and wait for a recovery in the market over the medium-to-long term?
I am looking for insights on what could be the best course of action based on both the companies’ fundamentals and the market outlook.
interesting pick. in my (non-sebi registered) view, it might bounce of a support level either from the channel near 52-week low or the ascending one above it. If i were in your position, i would have averaged it smartly so as to exit near some fib. level during this upcoming minor uptrend in this major down move.
the thing is our earth is actually huge… like 12,756 km. now that is giant size. but if you zoom out and look at our outer space… the sun is much bigger than earth with its diameter at 1,392,000 km. now this means it would take 1.3 million earths to fill the sun’s volume (science says).
now i zoomed out in suzlon (M chart) and was immediately reminded of this theory as to how insignificant our charting and analysis is, compared to its previous levels during 2006-10s. i really dont wish to ask what made you pick this stock for trading or investing, but the stock is already 33% or something down from 52-wh, and i wouldn’t be in shock even if it touches the major support yellow line below lol. such stocks dont follow any pattern (ask vijay shekhar sharma).
kinda out of time so i will skip the other two as of now. good luck!
