Hey , I do not mean MJ .It was a general observation after seeing so many boarders writing that YB will go to 100-120 and will not recover soon. I am very bullish on YB but I am already overweight on YB and just want market to stabilize before buying anymore.
I would agree 100% with SBEEji and my personal experience though may not be universally true is that it is not the identification of price points which is difficult, but it is the greed to execute at those price points which is difficult and it is these non execution owing to the greed that causes the major hindrance in making money in the market and it holds true on the buy or sell side.
Many of us maybe looking for a price point of INR 500-600/- in the next 3 years for YB considering a CAGR return of 23-33% based on the buy price between 220-290/-. If a stock is giving that type of return I am sure we should not be really worried what the price point we buy is. As mentioned by many of the boarders the right way maybe to SIP between these levels and am sure most of us would end up making decent returns.