Sniper-Traders

Sniper-Traders

Booked a profit of 27.64% on 10/11/2023. The current price is at an inflection point, with a probability of a market sell-off. Fundamentally, there aren't many factors that could lead to a bull rally in the near future. Therefore, I've decided to take some profits and free up some cash. There are still some positions on the higher side, leaving some holdings in...

Sniper-Traders

Closed the position @300.15 for a profit of about 22.06% of the invested capital, on 09/11/2023. The major reason for selling the stock is technical. Technically the stock is in a level where there is a high chance for selling pressure to kick in. So decided to take some chips off the table since there is also one more oil related stock in holding (BPCL). But...

Sniper-Traders Updated 

Although the valuation is a bit high the profitability is also high. Financially the stock is in above average levels. Pros By looking at the share holding pattern we can understand that the DIIs and mutual funds are showing considerable interest in the stock for the past few quarters. The retailers are selling off the share and retailers are mostly the ones...

Sniper-Traders

Closed the position @104.05 on 07/11/2023. Booked a profit of about 17.31% of the capital involved. This was a clean trade that moved perfectly according to the plan. Price may make a further rally upwards for about 8%. But there are chances for that move to be pretty corrective and the downside risk is also high. So as of now booking profit is the most...

Sniper-Traders

From the share holding pattern itself one thing is clear and that is the strong hands of institutions are involving in the stock from the last quarter of 2022 onwards while the weak hands of retailers are moving out of it. In a country like India where a large majority of people are still unaware of the importance of health insurance, there is high growth...

Sniper-Traders

Company Overview: This company stands as a global leader in the gold industry, with a unique presence throughout the entire gold value chain, from refining to retailing. Remarkably, it processes a substantial 35% of the world's gold production and serves as the largest exporter of gold products from India. The company's operational and research and development...

Sniper-Traders

Company Overview: As the largest drone company in India, they hold a dominant position in drone manufacturing, which instills confidence in the stock. They currently possess a substantial 50% market share in the Indian drone sector, establishing themselves as a key player globally. Significance of UAVs: Unmanned Aerial Vehicles (UAVs) are poised to play a pivotal...

Sniper-Traders

The stock has been experiencing a period of consolidation with a ranging price action for some time. Simultaneously, the entire US market appears to be at risk of a significant sell-off. Given this situation, it is prudent to maintain some cash positions. Therefore, the most logical course of action at this point is to sell stocks that are nearing their target...

Sniper-Traders Updated 

Compared to other IT stocks TATAELXSI is a bit overvalued for sure and has not fallen at the same rate as other large-cap IT stocks. But I see potential since there are chances for a recovery in the US market which in turn will lead to a recovery in the Indian IT sector and this in turn will be a positive element for this stock. Targeting the all-time high for a...

Sniper-Traders

Although the stock is fundamentally strong from a business standpoint, the current valuation is pretty high. There is also a potential for an upcoming crash in US market, especially in IT sector and this might have its effect on Indian IT stocks. But I'm also aware of a potential rally of at least 8% which I might miss out on and I'm ok with it since the...

Sniper-Traders

Bought for about 5% of the capital. Will be looking forward to add on to the position if it falls to the next potential buying levels based on the technical levels of Bank Nifty. Since this is an index ETF and is of a sector like Banking which is indispensable for the growth of an economy, I'm pretty sure that it will always be on a bull trend in the long term....

Sniper-Traders

Took an entry for about 1.25% of the capital. But I do expect a small correction further down and if it does I'll add on another 1.25% and sum up the total holding to 2.5%. Pretty confident about the defense sector and also the particular stock. Although the valuation is a bit high, the overall state of Indian economy when compared to the global economy and also...

Sniper-Traders

Took the entry on Oct 3rd 2023, which is just 2 weeks back. So a move of 4.15% in such a low volatile asset like Gold from a swing perspective is more than enough for me in the current market condition. My primary intension was to park the money safely in the current uncertain situation and that intension is fulfilled. I might consider re-entering if price falls...

Sniper-Traders Updated 

Added Goldbees for about 5% of the total capital. There is a potential for about 9% move from the current levels to the all time highs. But during the same time the price of Gold will be moving up by around 14%. The Gold ETFs listed in Indian market are trading at a premium valuation, unlike the ones in US market. If I had bought GLD ( SPDR Gold Shares ) in US...

Sniper-Traders

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...

Sniper-Traders

I've made a purchase at around 1.25% of my capital. There's a potential upward move of approximately 22% to reach the top of the ascending channel. However, if the price experiences a sharp decline, I plan to add to my position at the next potential buying level, which is at the bottom of the ascending channel. According to a Moody's report, high crude oil prices...

Sniper-Traders Updated 

I'll be accumulating gold in some form if it falls down to 1820 levels. Haven't decided how I'll do that. Maybe as digital gold or as an ETF in Indian or US market. I already have position in Silver and I was not happy with the valuation of Gold at that time. Now it seems like a value buy if it falls to the levels that I'm looking forward to.

Sniper-Traders

The levels marked in the chart are the 2 levels I'm interested in, to accumulate Gold as ETF units. At the current level, I'll be buying Goldbees for about 5% of my total capital. I'll be buying 5% more, if the price crashes further and reach the second buying levels marked in the chart. I'm considering gold as a hedge against my equity portfolio, if in case a...