You run
the risk of drowning. The same happens with the stock that tries to
rally against the trend. It eventually sinks to New Lows.
Have a Look at one such stock: Bank of Baroda
Here’s the weekly chart
As you can see in the chart above: Bank of Baroda began its downtrend in 2011 and since then every attempt of the stock to rally against the trend has resulted in fresh declines. The stock is a prime example of why one should never try to hunt for a bottom in a stock that is in downtrend. Reason: It’s not worth it.
Trend persists longer than one can imagine
Have a Look at one such stock: Bank of Baroda
Here’s the weekly chart
As you can see in the chart above: Bank of Baroda began its downtrend in 2011 and since then every attempt of the stock to rally against the trend has resulted in fresh declines. The stock is a prime example of why one should never try to hunt for a bottom in a stock that is in downtrend. Reason: It’s not worth it.
Trend persists longer than one can imagine
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