WIPRO: Wipro has been consolidating very good and this would be the classis example of how big hand when they buy they never allow the stock to cross certain levels in case of Wipro it is rs.525 above levels but important to note is the lows have been moving higher suggesting that enough volumes are not available and once rs.525 above levels are crossed stock would perform better than index as the stock has gone into the strong hands. Many investor I have seen never like to hold good stock which are not performing for 2-3months and they would be cursing everyone that the stock is not moving up while every stock in markets is zooming but they fail to understand dynamics of stock markets a stocks needs jus few trading days to gain even 50-100% and which are those few days is the biggest ? If everyone can know that all would make money in markets here I would add …“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffett, How do people act greedy? By chasing after “hot” stocks in hopes of ever-higher gains - even if the stock prices are not supported by earnings and other key fundamentals. How do investors express their fear? By trying to “cut their losses” through selling stocks when the price drops - even if the stocks still offer good long-term growth potential. (So art of making money in stock markets differ person to person so when u follow someone one should understand the method he follows and if that suits u r urgency and returns a speculator and a day trader shouldn’t buy a stock because warren buffet is buying or recommending)
WIPRO: Wipro has been consolidating very good and this would be the classis example of how big hand when they buy they never allow the stock to cross certain levels in case of Wipro it is rs.525 above levels but important to note is the lows have been moving higher suggesting that enough volumes are not available and once rs.525 above levels are crossed stock would perform better than index as the stock has gone into the strong hands. Many investor I have seen never like to hold good stock which are not performing for 2-3months and they would be cursing everyone that the stock is not moving up while every stock in markets is zooming but they fail to understand dynamics of stock markets a stocks needs jus few trading days to gain even 50-100% and which are those few days is the biggest ? If everyone can know that all would make money in markets here I would add …“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffett, How do people act greedy? By chasing after “hot” stocks in hopes of ever-higher gains - even if the stock prices are not supported by earnings and other key fundamentals. How do investors express their fear? By trying to “cut their losses” through selling stocks when the price drops - even if the stocks still offer good long-term growth potential. (So art of making money in stock markets differ person to person so when u follow someone one should understand the method he follows and if that suits u r urgency and returns a speculator and a day trader shouldn’t buy a stock because warren buffet is buying or recommending)
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