TATA ELXSI LTD

TATAELXSI : Booked a profit of 19.46%

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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.

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