Nifty is approaching the psychological level of 21,000, which could serve as a crucial inflection point. There is a possibility of a sell-off in the near future due to profit booking by market participants, potentially impacting the overall market.
Furthermore, given the current valuation and taking into account the broader macro and microeconomic conditions, I do not feel comfortable holding onto the stock any longer. Therefore, I am opting to book profits at a gain of approximately 16.79% from my average entry levels.
While I acknowledge the possibility of a 7% upside move, I am willing to forgo that potential gain given the overall risks associated with holding onto the scrip at this point.
I will consider re-entering the stock if the price retreats to the lower end of the channel line, taking into consideration the overall market scenario at the moment.
Furthermore, given the current valuation and taking into account the broader macro and microeconomic conditions, I do not feel comfortable holding onto the stock any longer. Therefore, I am opting to book profits at a gain of approximately 16.79% from my average entry levels.
While I acknowledge the possibility of a 7% upside move, I am willing to forgo that potential gain given the overall risks associated with holding onto the scrip at this point.
I will consider re-entering the stock if the price retreats to the lower end of the channel line, taking into consideration the overall market scenario at the moment.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.