HINDPETRO : Booking Profits
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 I'm totally aware of the fact that there is a potential for a 9% move to the top of the parallel channel. But as of now the downside risk is more than the potential upward move.
Will considering re-entering if price falls back to the lower trendline.
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 I'm totally aware of the fact that there is a potential for a 9% move to the top of the parallel channel. But as of now the downside risk is more than the potential upward move.
Will considering re-entering if price falls back to the lower trendline.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。