Sniper-Traders

HINDUNILVR : Booked a profit of about 8.58%

Short
NSE:HINDUNILVR   HINDUSTAN UNILEVER
Booked a profit of about 8.58% on the invested capital.

I do realize that there is a potential move for about 5.8% to the upper trendline of the channel. But considering the overall valuation of the market, I expect a higher probability for a sell-off.

So decided to book profits in the stock as of now and to consider a re-entry if price falls back to the low of the channel.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.