Sniper-Traders

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...

Sniper-Traders

The current state of the overall Indian market appears to be somewhat overvalued, with even individual stocks reflecting valuations that exceed their fundamental metrics. In light of this assessment, I have identified more compelling investment opportunities within both the US and Indian markets, ones that I have a higher level of confidence in. As a result, I...

Sniper-Traders Updated 

Pros 1. The balance sheet and the cash flow statements are looking pretty good. Debt to equity ratio as well as current ration over the last 5 years are higher than the industry average. Same is the case with free cash flow. 2. When looking into its competitors there is Ambuja and ACC under Adani, Ultratech, Grasim and the likes. So this is a pretty competitive...

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I anticipate that the cryptocurrency market may experience further challenges in the foreseeable future. However, my approach is to employ dollar-cost averaging at opportune buying levels, contingent upon the price movement within those ranges. I intend to adopt a more aggressive buying strategy in the event of a global market downturn, including a potential...

Sniper-Traders

I anticipate that the cryptocurrency market may experience further challenges in the foreseeable future. However, my approach is to employ dollar-cost averaging at opportune buying levels, contingent upon the price movement within those ranges. I intend to adopt a more aggressive buying strategy in the event of a global market downturn, including a potential...

Sniper-Traders

Cons The streaming industry is currently facing significant challenges, and Paramount has heavily focused its efforts in this area. This concentration has negatively impacted their financial performance over the past few years, eroding investor confidence in the stock. Recently, Paramount made the decision to reduce dividends, which may result in a sell-off, as...

Sniper-Traders

Nike, Inc. is undeniably a global powerhouse in the athletic footwear and apparel industry, boasting a strong presence in the S&P 500 and a legion of celebrity endorsements. Pros: Strong Business Moat: Nike's brand recognition, innovation, and global reach create a formidable competitive advantage. This moat suggests that the company can maintain its market...

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The company has encountered significant challenges stemming from repeated issues with the tax department. Initially, it was the imposition of a 28% GST on the betting amount, followed by the substantial Rs 11,139 crore tax liability. Given the uncertainty surrounding how these circumstances will ultimately affect the company's long-term profitability, it is...

Sniper-Traders

I expected an ascending channel formation towards these levels. And it did formed. So I closed the position and booked profits. Maybe I'll consider a re-entry if price falls to the low of the channel line once again. But I also see the possibility of price rallying to all time highs which is about 16% further upwards, but I'm ok with it.