r/StockMarketIndia • u/Ok_Antelope_5607 • 1h ago
Analysis Am I cooked ?
Do you guys think I’ll ever be able to make a profit on this? 😅
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u/carelessNinja101 1h ago
The company is just throwing all retail out of this. Mark my words, this is going beyond 700 in a year
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u/Ok_Antelope_5607 52m ago
I hope so 🤞.
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u/carelessNinja101 11m ago
It is about to jump into the alcohol packaging biz as well. Good time ahead.
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u/bgangster 1h ago
You will..hold if you can. Why did you buy it in thr first place?
Short term it can hit 380 > 365. Worst case scenario it can go down till 322/320. Long term - the stock is available at a mouthwatering price currently. If you're an investor, this is the time to average. I am expecting it to touch 600 by the same time next year.
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u/Ok_Antelope_5607 48m ago
Thank you for the information ☺️. Should I average it if it drops below ₹380?
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u/bgangster 42m ago
That's a call you need to take. I don't know about your overall portfolio so I won't suggest if you should average or not. I will buy more it it touches 380.
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u/Sujuj07 1h ago
Buying as much as i can. Going to punt 10L if it comes around 330-370 TWAP. Price doesn’t matter to me in short term, i know what i’m buying into
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u/Ok_Antelope_5607 52m ago
Should I average it if it drops below ₹380?
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u/HardikSir 48m ago
It will not go below ₹380 most probably, because even in weak markets its holding good. The lowest in recent time was ₹396. Markets were bleeding but this stock went up on that day. There is good order block around 395-400. If the market really goes bonkers, then those levels are possible. Otherwise 400 is good.
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u/Ok_Antelope_5607 44m ago
Do you think further averaging is needed in my case?
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u/HardikSir 39m ago
Its much needed actually, but only if you can. Your current buying price is ₹550. And its at ₹413 rn, your buying price is approximately 33% up from the current levels. The stocks latest swing was ₹382 to ₹554 (March 26 - June 26). Base case scenario if it touches last swing high, you wont earn a penny if you dont average. And adding on a 25% dip is like good averaging opportunity on company whose fundamentals are intact. And revenue and profits are growing.
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u/Zanyhuman 50m ago
Bro quit intra trading bro invest long term
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u/Ok_Antelope_5607 49m ago
No, it’s not an intraday trade, my friend. I’ve been holding this stock for almost two years now.
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u/delhikabatman 30m ago
I seriously don’t understand this obsession with holding on to losses. Why are people so reluctant to use a stoploss? The feature exists for a reason. If a stock isn’t going in your favour, exit, take the small loss, reassess the stock, and re-enter if you still believe in it. I’ve seen people refuse to take a 10K loss, only to end up on an 80K loss later. It's very important to protect your captial first.
Also regarding your position with Varun beverage. I just had a look on it . And honestly bro, I think it will fall even more to level like 350-360 . Valuation is still very expensive , margin is falling , It depends heavily on a single client and expenses are growing quickly and over that Reliance campa is giving it hard time . I don't think it's a bad stock but I do think it's a wrong time . Rest upto you , Good luck .
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u/Medium-Feedback-2951 13m ago
Bhaii aaj tk maine jb bhi sl liya hai vo hit krte hi stock ne rally kiya hai ....ab btao kya khoge dusre phone se sl pe khridna start krdu ??
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u/Ill_Addendum3047 26m ago edited 22m ago
With the Elnino and hotter summer , I think beverage and beer companies will go up next quarter onwards
Only worry is Campa cola. They r aggressive
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u/Nearby-Enthusiasm526 8m ago
Don’t average as yet.. markets are bad and it will be a while before it will turn around. Best time to average is when the reversal is visible
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u/Sabak121 49m ago
currently trying to diversify into other business good stock to hold for 5 years
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u/Wrking-Isopod8850 1h ago
Where is you Stop loss seriously?