Many stocks which have been amazing multibaggers and outperformers in last 3-4 years are taking a knock or going sideways. Lets take a few examples. Its just to show a trend does not continue forever !!
Kaveri Seeds had given sharp warnings about a breakdown before and many a times. Last post on Kaveri Seeds - https://nooreshtech.co.in/2015/08/kaveri-seeds-technically-a-breakdown-or-something-more.html
A lot of people still find it as an interesting bet. Many others have been hanging on to it even after a 50% drop and still have faith but technically things do not look rosy. A 5% discount in futures all the time suggests a lot of short built up too.
Would review the stance if it crosses back above 500-550 till then better to stay on sidelines.
Now the next 3 stocks are ones which a lot of people missed. But the returns of last 1 year in the same is now going towards 0-15% and 30% down from peaks.
This is just to show that no trend lasts forever. The above stocks could reverse and make new all time highs again but it could take a long time so unless you have 3-5-10 years view its important to book some profits on the way or exit when things go way beyond what u expected.
TECHNICAL ANALYSIS TRAINING SESSION - MUMBAI ( planned for December 5-6)
if you are interested mail on nooreshtech@analyseindia.com will be posting details next week.
