Investment_ TECHM (Tech Mahindra)Namaste!
I have selected another stock, which looks good to invest in. You must have wondering, why am I sharing only technology companies? Well, it is the sector which have fallen mostly.
I don't like to buy at highs. I like to buy at correction, when there is fear, when the weak-hands get panic and selling it. That's what many of the great investors do.
Anyways, TECHM is a stock, which have fallen around 48% from all time highs. Well, in my perspective, this stock, along with other technology stocks are on a sale . I would advice anyone to invest in because, it is a very good opportunity to do so. If you have been reading my articles, you will know why.
And remember, don't concentrate your portfolio in the IT Sector, by buying every stock in the sector. Please diversify.
You can either place GTT (Good Till Triggered) orders with your broker at a price 1017.50-1018 , or manually buy it if it crosses this crucial price level.
I would modify the entry, if it signals to do so based on my plan, and will update it here.
Q: Will it sky-rocket as soon as you buy.
A: NO. Investment takes time to show results, months or years. There are many many things which affect the stock performance. You can't figure out why is this happening.
What can you do is, buy and sell .
Please read previous articles, for reading more about the above thing.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing. I already have some shares and will/may add more if I get another opportunity.
