ULTA : Took an entry for about 2.5% of the net capital
The price is close to the low of a HTF channel and hence entered into a position targeting the high of the channel. The current position size is about 2.5% of the net capital and the expected move is of about 52%, depending on the current macro and micro economic conditions.
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If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
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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.
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