Jubilant Foodworks - The first thing I ask myself before jumping in is if the selling has been absorbed/exhausted. How?
~ price will fall down with fewer volumes
~ or price will stop forming fresh low
Till these conditions are met - NO SIP/no lump sum

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Deepak nitrite
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p

Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
More from Screeners
Most of the indices are entering oversold territories
Take small cap index for example
Whenever Monthly RSI is below or around 40, the index bottoms out
We are getting there.
If I had 50% cash, I would have deployed some in beaten down stocks where earnings growth is intact. https://t.co/t5WwgH1V5o
Take small cap index for example
Whenever Monthly RSI is below or around 40, the index bottoms out
We are getting there.
If I had 50% cash, I would have deployed some in beaten down stocks where earnings growth is intact. https://t.co/t5WwgH1V5o

I have more than 50% cash but still worried if this is a good time. Will invest 20% by EoY
— Tamil Metaverse (@TamilMetaverse) June 21, 2022