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.
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