Hello sir , after the completion of buyback , will this stock correct or the price will increase ? please help me out with this query.
rrajesh145
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@MrKartik, Buybacks are positive for stocks and chances are high to price move in upwards.
Disclaimer : I may be wrong . Do your own analysis .
MrKartik
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@rrajesh145, Thanks for the comment .
Yes , Buybacks are positive but I think the price has already increased from 1500 levels and many traders who had bought it after the buyback date (just for trading )may try to book profit. I'm confused whether to exit or hold . Anyway thank you for the valuable advice.
rrajesh145
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@MrKartik, If you are looking for long term , you can hold it no worries . I usually follow a rule - If stock price in position reduces to -10% from entry level I will exit and I can re enter at later at support reversal. For short term if candle closed below 1650 , we can see some correction