According to the Data updates some of the BIG & the BIGYA Investor are stuck in the Hydro Power Sector !!
Hydros moved up based on the Technical Setup and Hydro made a free fall based on the Technical Setup too.
The Technical Setup are not in the favour of Hydro Power Scrips.
Now we are likely to see the follow on Selling in Hydro Power Sector as many were unabe to Sell the Hydro Power Scrips despite the Lower Circuit Level as there were no Buyers, Apart from that there were other group of Investor and trader who could not sell their Hydro Scrips as the share bought by them has not yet been credited to their Demat A/c as the Settlement Cycle are still not Completed.
The Free fall continuation in Hydro Power is likely to drag down the NEPSE to below 3100/- Mark in upcoming tradeing Session.
At the Current Juncture Hydro Power Sector is like a Falling Knife, don't try to catch the Falling knife, else you will get injured.
But even if you still want to Buy the Hydro Scrips then let the free fall process get over, let it get stabalized and await for the bottom formation to get completed !!
But if you ask me whether if i will buy at the Current fallen Price of hydros then my answer is a Big No................., I won't be buying even at 50% discounted rate of the Current Price.
HAPPY INVESTMENT !!
« Last edit by
deepak_mm on Tue Aug 24, 2021 11:31 pm. »