Remember when Kodak introduced Kodak coin and Market has shot Kotak up to the moon. These kinds of bubbles that are made of euphoria always burst. 8k Miles rose because of their announcement of blockchain platform. What is the future of that bogus platform?
Now the panic mode is triggered and it will continue falling towards irrational undervaluation (Like it did irrational overvaluation.) Tine to enter with pyramid model? Maybe! But Maximum allocation can be done is 10%.
If possible, do not invest at all till a green candle comes. Hope you understand the stress on 10% allocation model
Comment
⋅
This stock can hit another 20% down by tomorrow itself. If it hits lower circuit immediately, then refrain.
Comment
⋅
20% of 316 = 63.2 which means 252.8 20% of 252.8 = 50.56 which means 202.24
202.24 should be a good entry zone.
Trade active
⋅
It shot up. Putting TSL to cost and watching today.
Comment
⋅
Finally Perfect reversal from demand zone.
Comment
⋅
8.26% up. John Templeton rocks
Comment
⋅
7% up today.
Comment
⋅
Folks,
I assume you don't know what is John Templeton strategy. Since I have posted 8K Miles at 316. It went up huge and stabled at 376.5
Now this level was previously support and now can be considered as resistance. Immediately sell off the holdings if it closes in red or goes 3% down on Monday.