Closed position and booked a profit of about 2.34% on the invested capital. But I still do expect that there is a potential move of about 18% more, for the price to reach and react from the upper trendline of the parallel channel. But due to some macro-economic uncertainties I do have to rebalance my positions and hence this early booking.
I'll consider a re-entry if price crashes back to the low of the parallel channel, after re-evaluating the macro and micro economic factors at the time.
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I'll consider a re-entry if price crashes back to the low of the parallel channel, after re-evaluating the macro and micro economic factors at the time.
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If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
