FLUOROCHEM : Booked a profit of about 22.41% on invested capital
Price is close to the upper trendline of the channel. This may act as an inflection level and there is a high probability for the price to reverse from these levels. So decided to book profit which was about 22.41% on the invested capital.
Moreover, the entire Indian Market is over valued at the moment and there is a possibility for the whole market to turn bearish anytime soon. So I do think that it is better to book profits aggressively and maintain cash positions.
I'll consider a re-entry if price crashes and comes back to the low of the channel line.
Moreover, the entire Indian Market is over valued at the moment and there is a possibility for the whole market to turn bearish anytime soon. So I do think that it is better to book profits aggressively and maintain cash positions.
I'll consider a re-entry if price crashes and comes back to the low of the channel line.
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