One of the principles of technical analysis is "ride the momentum". This stock has been in such a massive uptrend. This is a stock for both investors as well as traders.
i really dont understand why this stock has risen soo much really waiting for a major pullback so that i can invest some.
sankatradesindia
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@Narayan_G_S, Well, it depends on what you actually are. Are you an investor or a trader?
If you are an investor, then you should not be putting money into the company without having an understanding on what the company does, how it's financial statements are or what kind of plans it has for near and long-term future.
If you are a trader, you need to just swim along and not bother about what's happening fundamentally with the company. Of course, that would be a short term activity where you plan your exit well.