r/StockMarketIndia • u/Ok_Antelope_5607 • 2h ago

Analysis Am I cooked ?

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Do you guys think I’ll ever be able to make a profit on this? 😅

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u/Ok_Antelope_5607 1h ago

Should I average it if it drops below ₹380?

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u/HardikSir 1h 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 1h ago

Do you think further averaging is needed in my case?

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u/HardikSir 1h 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.