Sniper-Traders

Sniper-Traders

Decided to book profit in the scrip since the market is over-valued from a technical perspective. The upcoming recession worries and the high interest rate environment adds up to the risk of holding positions in a highly volatile and speculative asset class like Crypto. Will consider a re-entry if price crashes and comes down to cheaper valuations from a...

Sniper-Traders

Booked profits in the remaining two positions. 17.05% and 2.36% of the invested capital was booked in the two positions respectively. In a high interest rate environment like this, I do expect a sell-off to hit the US market in the near term and this will have its effect in the global market and even crypto. So taking a step back from crypto as of now, at these...

Sniper-Traders

Closed the remaining two positions and booked a profit of about 7.21% and 6.96% of the invested capital. In a high interest rate environment like this, when a recession is around the corner, I don't feel comfortable in holding onto a risky asset class like crypto in these valuations. Will consider a re-entry if a deeper crash hits the market.

Sniper-Traders

Price reached the upper trendline of the descending channel. But I do realise the possibility for a higher timeframe trend reversal and the price to breakout from the descending channel and rally upwards. There is a potential for a move of about 49% if the next key inflection level is targeted. But considering the overall valuation of the US market, I do...

Sniper-Traders

Expecting a sell-off to hit the US market in the near term. So decided to book profit as soon as the price reached a key inflection level. Will consider a re-entry if price falls back to the low of the ascending channel, after evaluating the overall macro and micro economics at that moment. Previous posts regarding the same scrip are attached underneath. Do...

Sniper-Traders

Price has reached a key inflection point from a pattern perspective and there is high probability for a reversal move to the low of the converging channel. Moreover, the US market is quite over valued as of now from a technical as well as from a fundamental point of view. So I do expect a sell-off to hit the market anytime in the near future. So, decided to book...

Sniper-Traders

Overview: This small-cap stock operates in the textile sector and holds the largest market share in men's wedding attire in India. Additionally, it has expanded into women's and children's clothing under the sub-brands Mohey and Mebaz. The business boasts a consistently high gross margin of around 60%. Reason for Recent Stock Decline: The recent crash in...

Sniper-Traders

Took an entry for approximately 1.25% of the net capital from the low of the parallel channel formed, expecting an upside move of about 20% to the upper trendline of the channel. Will update beneath this post if the price action doesn't align with expectations. If such a situation occurs, I'll re-evaluate the fundamentals and technicals at that time and then act...

Sniper-Traders

Added another 1.25% of the net capital upon observing consolidation and re-evaluating the macro and microeconomic parameters. With this addition, the total holding in this stock amounts to approximately 2.5% of the net capital, reaching the maximum allocation for a particular stock at this time. As a result of this entry, the average price level is further...

Sniper-Traders

Took an entry for approximately 1.25% of the net capital, anticipating a potential upside move of about 20% on the invested capital. If the price crashes from the current levels, I'll re-evaluate the fundamentals and technicals and then decide when and where to add to the position. I'll update underneath this post if something comes up. Since the central budget...

Sniper-Traders

I re-entered when the price retraced back to the low of the descending channel. From the current levels, a move of about 20% to the upper trendline of the higher time frame (HTF) parallel channel is expected. The current position size is about 1.25% of the net capital. I will add to the position to sum up the total holding to 2.5% of the net capital if the price...

Sniper-Traders

Fundamentals Pros: Market Dominance: Vinati Organics enjoys a commanding 65% market share globally in both Isobutyl Benzene (IBB) and Acrylamido-2-Methlypropanee Sulfonic Acid (ATBS), positioning it as a leader in the specialty chemicals sector. Strong Client Base: With clients including major players like BASF Corporation, Mitsubishi Corporation, SNF, and...

Sniper-Traders

Fundamentals Robust Financial Performance: PI Industries stands out in the agrochemicals sector with a track record of robust financial performance. With stable revenues and healthy profitability, the company showcases its resilience in navigating market fluctuations and sustaining growth. But price, revenue and earnings forecast are average as per...

Sniper-Traders

Fundamentals Pros: Solid Financials: Aavas Financiers boasts strong financials, reflecting its robust position in the home financing sector. Despite recent challenges, the company's fundamentals remain sound, as confirmed by thorough analysis. Resilient Mutual Fund Interest: Despite fluctuations in FII and DII holdings, aggressive buying from mutual funds...

Sniper-Traders

Fundamentals Pros: Strong Financials: Navin Fluorine's financials are robust, indicating stability and growth potential in the specialty chemicals sector. Strategic Institutional Support: DIIs have significantly increased their holdings, signaling institutional confidence in Navin Fluorine's future performance and growth trajectory. Diversified Revenue...

Sniper-Traders

I did take an entry at around 611.25 for about 2.5% of the net capital which the maximum I would allocate on an individual stock. I was expecting a move to the high of the parallel channel, formed at the time. But the price crashed from those levels with momentum and is heading further down as of today. I'm not planning to add anymore into the position. I'm...

Sniper-Traders

I already had a position which I booked profits a few weeks back. The posts related to that position is attached underneath this post. The price reversed back to my earlier entry levels. So I took a re-entry for about 1.25% of the net capital. Will add on to the position if the price falls down to the lower trendline of the diverging channel formed. Planning to...

Sniper-Traders

Booked profit at a level close to the all time high since I expect a sell-off from these levels. I'll consider a re-entry if price falls back to the low of the current channel formed.