Long term investors should understand that it is because of their behavior, technical trends are generated. I am not talking about short term trades which are of speculative nature. If you are convinced about long term prospects of one stock and if it is worth buying then just buy it without looking into technical trends. You should understand that you will always find good stock costly in comparison with its peers. If your are worried about short term price movements, you should buy in small quantities and keep them adding in regular intervals. If your stock choice is right, you will see the multiplier effect in 2-3 years.
Disclaimer : I follow the same strategy . The article is purely based on my experience in share market.. Investors are advised to consult their financial adviser before taking any decision.
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