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UNITECH LTD

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UNITECH trade ideas

Q&A_ What is Unitech saga?Namaste! Unitech was the stock which was going at a speed of >400 KMPH in a road, where many many real-estate companies already driving, to win the race. The people on-board enjoyed the ride. Many people became MTM (mark to market) millionaires, especially the fully exposed people who had only 2-3 companies in their portfolio. Some people get on-board feeling FOMO (fear of missing out). Anyways, I am comparing the real life vehicle driving, with the stock market, especially performance of the stock prices. You see, in real life, if you drive at a speed of <40 KMPH, you are safe. But, if you drive at such a high speed, accident is certain especially if the road is crowded . Sure, you don't encounter accident and drive happily until you meet with any unexpected scenario. 2008 was the time, when the people, even the regulators thought that real estate will keep going up and up. But, it's not possible. In life and business, downturns and slow-downs are crucial for further progress. "Mistake are important to learn from it". In simple terms, the stock prices has to fall to rise again. Like in a natural hierarchy, nature compromises deer to feed tiger/lion. It's a zero-sum game, anyone has to lose money for making someone's profit/gain. The stock prices has to fall to look reasonable for savage investors. Q: Why the stock crashed so hard? A: I am not going to tell what exactly happened at the fundamental levels, promoters, mismanagement, debt, promises, etc., but I only want to explain one thing, when there is greed and unreasonable returns in a very short period of time, it's better to stay away. Greed always traps the unknowledgeable and emotional people, especially in the stock markets. Q: What you can learn from it? 1. Diversification: The people who could have only 2-3 companies in their whole portfolio, or forgot to diversify, has been hit hard. Even if they could have bought it at ~Rs 500, have lost it fully (LTP Rs 1.65). 2. FOMO: It's the fact that the retail people enter at near the top . Of course it's because of FOMO (fear of missing out), and greed to be rich quick. I have often seen, the big-rich people and hedge fund managers are very happy with >20% average annual return . But as a retail person, we want to double our investment every year. That sound too greedy and eventually erodes our capital in the long run. 3. A plan: People don't have a plan. What to buy, when to buy, when to sell (of course you should not sell at a loss: read more on my previous articles). Fun-fact: "Diversification over than 32 companies does not reduce your risk, even it increases as you add more and more companies". Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
NSE:UNITECH
by UnknownUnicorn7637383
1
Potential Consolidation BreakoutUnitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case. Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below. We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be. Do tell me what you think. Sincerely, Dpk.Htkr
NSE:UNITECH
by Dpk.Htkr
3
Unitech- Tripple Top Lock at 40-42: Waste time & become OldSomeone has put a tripple top lock & you will spend your most important time of life by just staring this stock as this stock won't be fruitful unless it comes out of locked zone. Who knows how much time will it take to come out & run up above 40-42. So, don't become old. Go & search some other stocks, but don't forget to put an alert or alarm on the authors page writing this update - a powerful feature of TradingView -which you can use & keep yourself updated as soon as it tries to come out of the locked door.
NSE:UNITECHLong
by WaveTalks