JUSTDIAL : Booked a profit of 16.76% on the invested capital

15 Apr

I closed this position a few days ago since it reached a key inflection level. As expected, the price did crash afterward. However, I still believe that the price may rally further upside towards the upper trendline of the parallel channel. But this move might take time, and there are better opportunities that I can capitalize on in the meantime. Hence, I decided to book profits and move on. I'll consider re-entry if the price crashes and falls back to the lower trendline of the parallel channel.

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If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.

Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.

Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.

Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.