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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Help required on Averaging

Help required on Averaging

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1Help required on Averaging Empty Help required on Averaging Mon Jul 11, 2011 12:18 pm

Bhagi123

Bhagi123
Equity Analytic
Equity Analytic
Friends, I need advice on averaging…
I bought 1,000 AHUN.N @ Rs 95 in March. Since the price was dropping I tried to average by buying another 1,000 in June @ Rs 84.50. Now my average price is Rs. 90.70. But now the price is Rs. 76.
What is your suggestion shall I average again or just hold till the market becomes positive.

2Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 12:44 pm

aladdin

aladdin
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I have told in a previous thread that there is nothing call averaging until a share started moving upwards. How do you know the last drop price of it ? what if you do ur so called average today and in another weeks time this falls back to 50 or something ?? are u gona do another averaging ??

3Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 12:49 pm

Bhagi123

Bhagi123
Equity Analytic
Equity Analytic
Dear aladdin, thank you for the replay,

I am a new comer to CSE & I am not from a financial background.. I just tried this.. what is a technical way to deciding a bottom price of a share … pl. share your knowledge on this..

4Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 12:57 pm

aladdin

aladdin
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Bhagi123 wrote:Dear aladdin, thank you for the replay,

I am a new comer to CSE & I am not from a financial background.. I just tried this.. what is a technical way to deciding a bottom price of a share … pl. share your knowledge on this..

just wait one more day to see whether the ASI reacts to the next supporting level at least which is at 6770. If ASI did not respond to this support level, i personally declare a market crisis. Lets wait and see brother. Also remember technical and funda will never 100% work at CSE unless you sense the pattern of the shares and its historic movements.

5Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 1:19 pm

laksharemk


Senior Equity Analytic
Senior Equity Analytic
If you have a share identified as a better performer, then go for it. It is better than averaging a losing share (Not meaning AHUN is losing share). Decision is yours based on your holding power, investment strategy, etc.
But at the moment market is behaving like crazy, going here and there. So better to wait and see the overall direction and then decide your investment.

Only my personal view and not a recommendation.

6Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 1:59 pm

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@Bhagi123 wrote:Friends, I need advice on averaging…
I bought 1,000 AHUN.N @ Rs 95 in March. Since the price was dropping I tried to average by buying another 1,000 in June @ Rs 84.50. Now my average price is Rs. 90.70. But now the price is Rs. 76.
What is your suggestion shall I average again or just hold till the market becomes positive.

Not only AHUN all the shares are going down. AUHN is a good share to hold as mention because hotel sector will improve with many tourist arrival in coming years. if you see the AHUN at least last one year chart you can have some idea of a normal minimum price. Then you can buy some more shares if you have money ..or due many shares has become undervalued you can buy some more new shares to hold for long term. But main thing is don't go for the credit.

7Help required on Averaging Empty Re: Help required on Averaging Mon Jul 11, 2011 5:24 pm

uditha9


Manager - Equity Analytics
Manager - Equity Analytics
averaging good for rising market .not for falling market.

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