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 downside risk is much more.
So I'm booking profit and will consider a re-entry if price falls back to technical buying levels.
The post I shared while taking the initial entry in the stock is attached underneath. Do check that out.
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 downside risk is much more.
So I'm booking profit and will consider a re-entry if price falls back to technical buying levels.
The post I shared while taking the initial entry in the stock is attached underneath. Do check that out.
