The Stock Market thread

[Pushy]

On 5/13/2023 at 7:46 PM, rushab oswal said:

Chart experts can anyone look at chart of polyplex? @KnackChap @Bird Bird Bird @KunjanPSD @dante77 or anyone else

Daily tf

Immediate support at 1282.20

Support levels: 1275.36 strong support, if it bounces from here, it'll test 1303.39.

 

1251.51

1233.90

1215.39

1153.40

1115.62

1101.27

 

If it bounces, upside resistance levels to test:

1309.72

1319.73

1324.90

1335.24

1343.51

1368.19

1371.90

1377.95

1385.00

1393.95

1429.35 is a major Resistance level

 

Took ss of chart on zerodha, bur unable to up via mobile. 

[sadge]

As someone new to investing in stocks, seeing most of it at ATH makes me question myself if I’m investing at a right time. Do you guys believe in SIP and go on with your stock addition or wait for some sort of correction when everything is at the top?

[rushab oswal]

11 hours ago, Pushy said:

Daily tf

Immediate support at 1282.20

Support levels: 1275.36 strong support, if it bounces from here, it'll test 1303.39.

 

1251.51

1233.90

1215.39

1153.40

1115.62

1101.27

 

If it bounces, upside resistance levels to test:

1309.72

1319.73

1324.90

1335.24

1343.51

1368.19

1371.90

1377.95

1385.00

1393.95

1429.35 is a major Resistance level

 

Took ss of chart on zerodha, bur unable to up via mobile. 

Thanks brotheri got entry at 1289 with some good quantity. lets see how bad it gets. Also where did you learn this ? 

10 hours ago, sadge said:

As someone new to investing in stocks, seeing most of it at ATH makes me question myself if I’m investing at a right time. Do you guys believe in SIP and go on with your stock addition or wait for some sort of correction when everything is at the top?

Markets are at ATH , many stocks will still be in the range of a good buying price. unless you study there is no way to know. MF is the way to goo.

[silv3rgunn3r]

10 hours ago, sadge said:

As someone new to investing in stocks, seeing most of it at ATH makes me question myself if I’m investing at a right time. Do you guys believe in SIP and go on with your stock addition or wait for some sort of correction when everything is at the top?

I'm a newbie as well. Started investing in late May/june 2023. Best way to learn up on these is via zerodha varsity and few good books/audiobooks. I took audible membership and listen to these books in my spare time.

Edited July 16 by silv3rgunn3r

[dante77]

13 hours ago, sadge said:

As someone new to investing in stocks, seeing most of it at ATH makes me question myself if I’m investing at a right time. Do you guys believe in SIP and go on with your stock addition or wait for some sort of correction when everything is at the top?

This depends on person to person. I don't so SIP and wait for correction but this obviously has downside as you can se market is at ATH. 

 

Although, market is ATH, there is no wrong time to start investing. You can pick some individual stocks which are still at very low and not performing even in this market. Say IEX, Wipro etc. Pretty sure you can find some good stocks which are still in their 52-weeks low and are fundamentally good stocks. 

 

For mutual funds, not gonna top up at this time even though my ELS bucket is so far zero. Still waiting for market to correct. 

[KunjanPSD]

1 hour ago, dante77 said:

This depends on person to person. I don't so SIP and wait for correction but this obviously has downside as you can se market is at ATH. 

 

Although, market is ATH, there is no wrong time to start investing. You can pick some individual stocks which are still at very low and not performing even in this market. Say IEX, Wipro etc. Pretty sure you can find some good stocks which are still in their 52-weeks low and are fundamentally good stocks. 

 

For mutual funds, not gonna top up at this time even though my ELS bucket is so far zero. Still waiting for market to correct. 

I don't agree with this.

Plenty of literature available which shows that investing at ATHs can provide good returns if one mantains discipline and consistency. 

 

Here is one:

https://www.capitalmind.in/2022/03/market-timing-what-if-you-were-the-luckiest-investor-in-india/

 

More often that not, investors will lose a lot more while waiting for a correction as compared to investing at current market levels. If your time horizon is 7+ years, it's utterly futile to wait for correction instead of a consistent SIP.

No matter at what point you invest, market cycles and your consistency will make sure that your avg. price provides decent returns over the long run.

 

@sadge Divide your capital into 2 parts. One with which you will continue to SIP (monthly/bi-monthly) and the 2nd part which you will deploy on relatively -ve days (1-2%+).

If you don't get any such days in a month, then deploy it at the end of the month regardless. And continue to do this for 7+ years while you increase your SIPs.

 

I won't recommend you to invest in individual stocks until you spend 6 months investing via MFs.

During this time you can study about individual stock selection and specific names.

 

At any given moment, there will be stocks which look to be performing in this market, but you should not focus on the performance of the stock but the performance of the company. Once, you have that sorted, you can complement it with TA.

IEX and Wipro might look like value but they look like that for a reason. Not saying these are bad stocks, I hold IEX, but you need to really make sure that your PF is balanced and the company can come through.

Otherwise, just like Delta Corp, charts and lines can crumble in a single day.

Edited July 16 by KunjanPSD

[dante77]

11 minutes ago, KunjanPSD said:

I don't agree with this.

Plenty of literature available which shows that investing at ATHs can provide good returns if one mantains discipline and consistency. 

 

Here is one:

https://www.capitalmind.in/2022/03/market-timing-what-if-you-were-the-luckiest-investor-in-india/

 

More often that not, investors will lose a lot more while waiting for a correction as compared to investing at current market levels. If your time horizon is 7+ years, it's utterly futile to wait for correction instead of a consistent SIP.

No matter at what point you invest, market cycles and your consistency will make sure that your avg. price provides decent returns over the long run.

 

@sadge

Which is why I said it depends on person to person. I think its more of a temptation when market corrects. SIP is great and have given great returns to some of my friends too but somehow I just don't see myself doing it anytime soon. Maybe some day. 

 

Good suggestion otherwise. @sadge

[KunjanPSD]

5 minutes ago, dante77 said:

Which is why I said it depends on person to person. I think its more of a temptation when market corrects. SIP is great and have given great returns to some of my friends too but somehow I just don't see myself doing it anytime soon. Maybe some day. 

 

Good suggestion otherwise. @sadge

Create an SIP and keep your other thing going as well.

Every year, compare the XIRR between the two. If after 3-4 years, SIP in MFs >> Stocks/market timing, give up the later and go with SIPs only.

That's what I am doing.

[dante77]

5 minutes ago, KunjanPSD said:

Create an SIP and keep your other thing going as well.

Every year, compare the XIRR between the two. If after 3-4 years, SIP in MFs >> Stocks/market timing, give up the later and go with SIPs only.

That's what I am doing.

Hmmm... This is interesting. Why do I think that by doing this, SIP will win hands down and I am totally wrong  

 

But honestly, that is a pretty great suggestion! Gonna consider doing ASAP.

[KunjanPSD]

15 minutes ago, dante77 said:

Hmmm... This is interesting. Why do I think that by doing this, SIP will win hands down and I am totally wrong  

 

But honestly, that is a pretty great suggestion! Gonna consider doing ASAP.

I have shifted my PF to 60% direct stocks and 40% to MFs (SIP+topups). Been almost a year.

 

My  PF has provided almost 21% per annum since I started investing. Not bad but not great either given how market has rallied over last year or more.

 

If I compare it with MF side (not entirely fair because it's not even a year old), PF is doing better but not by a lot.

Many small/Flexi caps have absolutely tore through the ceilings over last 2 years and my PF has underperformed over last 1 year. Although, I hope my bets will have a better time post FY24.

 

So I am giving myself 3 more years to see if the time I am investing in direct investing is worth it or not.

If not then I can focus more on fund and fund manager selection and shuffling, that can provide great returns as well and any time saved goes right back to me.

[Pushy]

12 hours ago, rushab oswal said:

Thanks brotheri got entry at 1289 with some good quantity. lets see how bad it gets. Also where did you learn this ? 

YouTube bro, now m a full time student of the market, but i do only Index Options, nothing else. Go with candle stick patterns, in stocks usually there is low risk cuz they dont fluctuate as much as Indices, so u get time to exit either at cost to cost or at minimum loss. Options is a whole different ball game.

Dm on fb msngr, will share the chart

 

At 1289, u went long i suppose? 

Edited July 16 by Pushy

[dante77]

42 minutes ago, Pushy said:

YouTube bro, now m a full time student of the market, but i do only Index Options, nothing else. Go with candle stick patterns, in stocks usually there is low risk cuz they dont fluctuate as much as Indices, so u get time to exit either at cost to cost or at minimum loss. Options is a whole different ball game.

Dm on fb msngr, will share the chart

 

At 1289, u went long i suppose? 

You left nursing? 

[Pushy]

35 minutes ago, dante77 said:

You left nursing? 

WFH beech, u can't just sit idle at home n waste opportunities. Better than working for that bald headed stupid sh*t at Hyderabad! I pity his a*s(and whoever works under him), who was that on ivg from gameopedia? Yeah bud, ur stupid little end words are still sour in my mouth. And i still can recollect every word u said to me when i was leaving, u pos.

Edited July 16 by Pushy

[Pushy]

14 hours ago, rushab oswal said:

Thanks brotheri got entry at 1289 with some good quantity. lets see how bad it gets. Also where did you learn this ?

Check this

https://ibb.co/JRfQbyD
https://ibb.co/9cjsZPj

 

[dante77]

5 hours ago, Pushy said:

WFH beech, u can't just sit idle at home n waste opportunities. Better than working for that bald headed stupid sh*t at Hyderabad! I pity his a*s(and whoever works under him), who was that on ivg from gameopedia? Yeah bud, ur stupid little end words are still sour in my mouth. And i still can recollect every word u said to me when i was leaving, u pos.

Looks like some good a*s story we missed

 

[Pushy]

4 hours ago, dante77 said:

Looks like some good a*s story we missed

 

F ya bro, but not gonna discuss this here, if required or demanded, will spit out the entire sheet which we had on our little conversation. But, that was 2017 man! 

Edited July 17 by Pushy

[rushab oswal]

11 hours ago, Pushy said:

YouTube bro, now m a full time student of the market, but i do only Index Options, nothing else. Go with candle stick patterns, in stocks usually there is low risk cuz they dont fluctuate as much as Indices, so u get time to exit either at cost to cost or at minimum loss. Options is a whole different ball game.

Dm on fb msngr, will share the chart

 

At 1289, u went long i suppose? 

Yes long , and after that they reported worst ever quarter or something  

[KunjanPSD]

9 minutes ago, rushab oswal said:

Yes long , and after that they reported worst ever quarter or something  

Levels work until they don't.

[LordSpymaster]

Netweb IPO anyone?

[rushab oswal]

2 hours ago, LordSpymaster said:

Netweb IPO anyone?

after two day subscription data. Applied for utkarsh small finance