RAILWAY STOCKS ARE BUZZING LIKE ANYTHING 😍. 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.
IRFC is 🚀 right now
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.
I purchased at 30 and almost forgot about it. Thinking about profit booking before budgets.
Never invested in any railway stock. Low conviction on profit margins.
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.
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.
Book profits or keep a tight stop loss Bubble will burst eventually ✌️
yeah yeah i know i have booked 50% on Saturday now i will wait for the price to give me an exit.
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.
IRFC, IRCON
Both have become 🚀
