I had shared about 3 trades here and rationale behind taking it. You can check it here -
https://share.gvine.app/sugCF7MjAeSSFkvh6
SBI - BUY Price 635 Up around 10%
General Insurance - 360 Up around 25%
APAR IND - Just around the buy price of 6200.
It is not of surprise to me what SBI has been doing among all the Large Caps. It was doing the right thing for the last 1 month and then started moving silently.
Bank Nifty is not in the right structure, we will get a periodic pullback in SBI. The strategy is to hold and sit tight. I will use periodic pullback to add again into SBI again and will hold until the structure deteriorates. Trend is not going to be smooth like in DLF, Tata M etc.
PSU bank space was silent for so many years and now they are posing a great competition to private banks. Private banks need to revamp to attract at such prices.
GENERAL INSURANCE - It is a small cap and moves can be pretty wild. I did not explain the structure, i will do it once trade hits a certain %.
APAR IND is taking its time, i like it when Stock consolidates absorb all the supply, shakeout a lot of participant and then move higher. Lets see how this trade pans out.
Any trade that will be taken from now on needs to monitor closely.