BAJAJFINSV : Booked profits
I've realized a profit of approximately 26.65%.
While there is a potential for a 17% move to reach the all-time high from the current levels, it's important to note that the downside risk is considerably higher, at over 43%.
From a technical standpoint, the price has consistently faced rejection at the current levels. Given the overall market situation and the stock's valuation, I no longer find it prudent to maintain my position. Therefore, I have decided to secure my profit.
However, I will certainly consider re-entry if the price retraces back to the lower end of the channel line, as indicated in the chart.
While there is a potential for a 17% move to reach the all-time high from the current levels, it's important to note that the downside risk is considerably higher, at over 43%.
From a technical standpoint, the price has consistently faced rejection at the current levels. Given the overall market situation and the stock's valuation, I no longer find it prudent to maintain my position. Therefore, I have decided to secure my profit.
However, I will certainly consider re-entry if the price retraces back to the lower end of the channel line, as indicated in the chart.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.