RAILWAY STOCKS ARE BUZZING LIKE ANYTHING π. WHAT WAS YOUR PICK ?
Crazy move in the stocks related to Railways. Although I don't sell stocks until it gives me a reason to sell on the chart, common sense tells me that i should book out 50% and get back again after the frenzy is over.
DesignTinker
Stealth
8 months ago
IRFC is π right now
steppenwolf
Stealth
8 months ago
Oh yeah. i missed out on IRFC. But got RVNL too with just 100 quantity. Desperate money is chasing these counters now. A big shakeout will come for sure. Its prudent to take some profit out of the table.
DesignTinker
Stealth
8 months ago
I purchased at 30 and almost forgot about it. Thinking about profit booking before budgets.
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steppenwolf
Stealth
8 months ago
This is not an investment bet. Tbh i dont even know whats happening on the balance sheet. This is technical based purely and i trail it with trending pivots and get out when it violates.
steppenwolf
Stealth
8 months ago
What i do @salt is, and this is just for Small cap midcap space. I get in through technicals only and when stocks move 50-70% in my direction then i start looking into fundamentals whether i should convert into investment or just trail it as a technical positional bet.
steppenwolf
Stealth
8 months ago
Both have become π
Book profits or keep a tight stop loss
Bubble will burst eventually βοΈ
steppenwolf
Stealth
8 months ago
yeah yeah i know i have booked 50% on Saturday now i will wait for the price to give me an exit.
steppenwolf
Stealth
8 months ago
Sister Stocks when they are in a bubble can move to unimaginable levels. Even these stocks can move 100% from here before correcting.
Don't sell 100% of holdings if you own them.
I bought a Vande bharat ticket. How much do you think that would appreciate?
steppenwolf
Stealth
8 months ago
I don't know about the appreciation but it would surely help the Modi government to come to power again. Kudos to you.
I had gotten IRFC IPO and it remained in loss for more than year and I had forgotten about it, checked it after this post and I'm pleasantly surprised
steppenwolf
Stealth
8 months ago
Thats Amazing.
Gems_Bond
Stealth
8 months ago
Some big announcement in railways segment this budget season.
No doubt, all rail stocks have become rocket. π
steppenwolf
Stealth
8 months ago
Yeah looks like it.
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