HDFCBANK : Booked a profit of 5.13% on the invested capital
The price has reached crucial inflection levels, and concurrent with Bank Nifty also being at levels where sellers may opt to book profits, I made the decision to secure gains and transition to cash positions. I have booked a profit of approximately 5.13% on the invested capital. While I acknowledge the potential for a move of about 6% to the channel highs, I am comfortable adhering to my instincts.
I am open to a potential re-entry if the price retraces to the lower end of the channel. For additional context, please refer to the previous posts related to this position attached below.
I am open to a potential re-entry if the price retraces to the lower end of the channel. For additional context, please refer to the previous posts related to this position attached below.
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