I can only tell levels in terms of prices. There is nothing like target timeline in the markets.
The value investor in me is still bullish on this as it's currently undervalued. But the main problem is with the sector.
Though, I booked losses on this, yet once the banking sector will recover in upcoming years I might enter again. but not now.
( This is the knowledge, I have gained form this stock, i.e., 'Selecting proper sector, on each of the market cycles' ) :)
manilkumar73
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true.... will buy some more after seeing the price action today....
IIMA_Brat
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@manilkumar73, Hey.
I have exited this with net 12% loss from my buying level, because I needed fund to enter new stocks & also, banking sector was not performing.
If you don't want to book lose then keep holding this ... It might touch 520 too. As in long term chart, It has in fact given a breakout & retesting the flag. & its fundamentals is still less than 10 PE, so even holding this for few months won't result in loss. (take your call on this)
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Else, If you too want to shift the capital, then shift the capital to Gabriel. (Auto sector is performing & its upcoming quarter will be great).
manilkumar73
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@IIMA_Brat, thank you.... seen your analysis on the stock and I am also of the opinion that it could be an in impulse down instead of a health correction.... I may also exit the position and look for other better setup.... Gabriel looks a good bet here.... let me have a look