Posted on April about this. (For details about this stock - please check my past post of April)
Market is just a game of patience. Always have a trust on your studies, you will be reward sooner or later if you have done your work right!
I really wish through these posts, I can help few retailers who have lost their money in day trading. & help them discover the power of Value Investing.
if you're a follower of mine & it is helping you in building wealth, then please comment.. as their is no monetary gain for me by these posts but seeing you making money can motivate me to bring more such studies going forward. :)
If you now yet checked out these stocks, they must have a look: (These are less discussed) - NIACL - LICHSGFIN - La Opala - DCB Bank
P.S. : I'm invested in all these (having a lot of skin in the game) :)
Your analysis and stock picking are top notch... I am already invested into this stock and will hold it for long... was thinking of your advice on Union Bank... is it right time to buy...?? fundamentally looks good though
IIMA_Brat
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@manilkumar73, Hey Thanks for the kind words. In markets, every other guru is profiting out of retailers. My whole aim is to give back good profit to as many as retailers as possible! :)
for Banks, I have recently done an analysis on whole Indian Banking sector. My best pick are - DCB Bank, Federal Bank & IDFC First Bank.
My family portfolios hold all these 3. Based on the risk reward, in next 3 year these stocks will out perform HDFC & Kotak.
let's see how this pan out in future!😅
~ Hope this will help! :)
manilkumar73
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@IIMA_Brat, Thank You 🙏 , IDFC First is definitely in my list...
IIMA_Brat
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Thanks for your kind words! :)
ramparaskar
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I bought this stock in hurry at an avg of 774 after hearing about the Axis Bank takeover news.
Bought in big quantity and it fell down to 746 in a hour or so!
What do you suggest, should I hold it in anticipation of the price going up or should I immediately get rid of it as it's expected to go down after the news?
IIMA_Brat
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@ramparaskar, it might fall till 640 levels but if you can hold this, then you will find the stock in 900+ levels in a year.
Please take this as a lesson that, never chase a speeding stock. If you see Upper circuits then just wait in the side lines then enter once it gets retraced a little & again showing a good up move.
& also, please refrain from Intraday & FnO trading.
as far as your loss is concern, please follow my charts when I will post a new stock idea, we will recover your loss for sure. I just want some patience from your side. That's it..!