Sniper-Traders

Sniper-Traders

Based on data from December 2023, Foreign Institutional Investors (FIIs) hold 39.74%, Domestic Institutional Investors (DIIs) have 10.50%, and Mutual Funds maintain a 10.91% stake in the stock. Additionally, Promoters retain approximately 25.91% ownership. This significant interest from strong market players suggests a robust position for the stock. Although...

Sniper-Traders

I added another 1.25% of the net capital to the stock, bringing the total position size to 2.5% of the net capital. Based on the current average price levels, there is a potential move of about 24% to the target levels. I won't consider adding further to the position unless the capital itself increases, as this is the maximum I'll invest in a stock according to my...

Sniper-Traders

Fundamentals Pros: Strong Growth Metrics: JD.com has demonstrated impressive growth in sales, earnings, and free cash flows over the past five years, indicating a robust and expanding business. Positive Trend in Returns on Capital: Despite only meeting the average returns on capital metric 44% of the time, JD.com has shown a positive trend in this aspect...

Sniper-Traders

The overall market appears to be overvalued from a technical standpoint, suggesting a high probability of a sell-off across the market. Upon reviewing previous price action, it's evident that the market hasn't rallied significantly after consolidating pattern formations, similar to the one we're experiencing presently. Although I anticipate a 9.74% move from...

Sniper-Traders

This is a small-cap microfinance company, recently listed in the market. The company manages assets totaling 10,800 crore INR and serves 32 million customers across 18 states and union territories. Muthoot Microfin distinguishes itself with its tech-driven approach, boasting in-house loan management systems, loan origination systems, and a customer app for digital...

Sniper-Traders

I closed the position and secured profits as soon as the price hit the target levels. Although waiting for a precise exit at the upper trendline was an option, I chose not to take that risk due to the possibility of a market correction, considering the overall market is technically over-valued. I'll monitor for a re-entry opportunity if the price drops back to...

Sniper-Traders

According to analysts' expectations, the price, revenue, and earnings forecasts appear attractive, with promising consolidated financial statements. In terms of shareholding patterns, mutual funds and DIIs have steadily increased their stakes in the company over the past few quarters. However, FIIs' shareholding pattern shows mixed sentiment without a clear trend,...

Sniper-Traders

Took this entry for about 5% of the net capital. The maximum allocation that I usually go for a scrip is 2.5%. But ETFs are the only instruments in which I'll go beyond that since they are diversified within themselves and thereby reduce the risk and this gives me more confidence. The targeted price levels is the all-time high to where there is a potential move...

Sniper-Traders

FMCG is a sector that is currently underperforming compared to other sectors. However, I anticipate the possibility of sectoral shifts in the market going forward, which could result in a rally in FMCG. Therefore, I have decided to take a position in an FMCGIETF to capitalize on this potential move. Since this ETF focuses on a sector, I have allocated...

Sniper-Traders

Technical Analysis: The technical outlook suggests a looming correction in the near term. However, delving deeper into the fundamental underpinnings reveals a contrasting narrative. While global economic headwinds, particularly the impending recession in the US, cast a shadow of uncertainty, the resilience of the Indian economy stands as a beacon of stability...

Sniper-Traders

Here are the three levels or points of inflection I'm monitoring for potential entry opportunities in BANKBEES ETF. I will assess the macro and microeconomic factors that could contribute to a price decline towards these levels before considering an entry. Feel free to share your thoughts and analysis under this post. Previous posts regarding position and...

Sniper-Traders

In light of the looming recession across various countries globally, I don't feel that holding onto a speculative asset class like crypto at the moment is a good idea. Therefore, I've decided to book profits and move the funds to some other asset class like stocks until the headwinds clear. I'll consider a re-entry if prices crash to cheaper valuations, but only...

Sniper-Traders

Closed the position for a profit of about 1.27% of the invested capital. But I consider this as a breakeven trade. There is a high probability for the market to reverse from this point or from the high of the upper trendline. The downside risk is about 54%. But considering the overall global market sentiments and the looming worries of recession, I don't feel...

Sniper-Traders

Added on the existing position for about 1.25% of the net capital and thereby summing up the total holding in the stock to 2.5% of the net capital. I do expect the price to push a little bit more to the downside by forming a descending channel in the lower time-frame. By there is also a high probability that the price may rally from even the current levels,...

Sniper-Traders

Added on to the existing position for about 1.25% of the net capital, when a descending pattern was formed. This summed up the total holding to about 2.5% of the net capital. The details of the initial entry is specified in a previous post which is attached underneath. Do check that out too.

Sniper-Traders

This is a stock I have been holding onto for a very long time. I bought it in different levels and summed up the total allocation to about 2.5% of the net capital. Then I stopped adding onto the position since that is the maximum allocation as per my trade plan, for a particular stock. But the average price level was not in a favorable position technically. Hence...

Sniper-Traders

Although most of the crypto coins are in over-valued levels from a technical analysis perspective, XRP seems as if in a good value level. So took an entry from the bottom of the ascending channel targeting the channel high for a profit of about 57% on the invested capital. Will consider adding on to the position if the price crashes to the starting levels of the...

Sniper-Traders

Closed the position for the same reasons I closed other positions in Crypto on the same day: a high interest rate environment and the possibility of a recession hitting the global market in the near future. I will consider re-entry if the price crashes and returns to cheaper valuations from a technical viewpoint. Other posts related to the same coin are attached...