What ever the strategy I used, it performs well in buy trend.
My point of view is, a company does not allow the share price to drop. So even though there may be a sale trend for particular period, the price will again go up.
Shouldn’t the philosophy be follow the trend, buy or sell side ?? I think that is more flexible. And on a good day you can even get some quick cash trading opposite of the trend.
There are many factors which determine the direction of the price, whether it will go up or down in the near future. Promoters & insiders know many things beforehand. A retail trader/investor knows after the move happened.
i tried to explain him the same with example of yes bank and dhfl… about where these stocks where are where they are now… if company doesn’t let stock price go down then these shouldn’t be this low from their highs… maybe should have given prime example is lakshami vilas bank… why didn’t company do anything to stop this from being worthless?