Hi Sachin
While I don’t know and no particular strategy is right or wrong but with my investing experience of 12 years have realized that there is lot of wisdom in this line “the best time to sell the stock is never”.
If you have done the selection well (right management, good opportunity size etc) and if you can then best holding period is forever.
I did an interesting analysis and found something insightful which is the reason for above. I have been buying selling stocks since 2011, other day I just did comparison to see at what Market cap I bought the stocks and what would happen if I had held on to them as in what is the Market Cap today (I choose Market cap and not share price as Share price has to be adjusted for splits and bonuses etc.)
What I found is that while some stocks like (Rolta, Ess dee Aluminimum, Guj Auto Gears) would have destroyed lot of my wealth however others like (IGL, Titan, Astral, DHP, BSE, ICICI Bank) would have created multiple times wealth if I had held on and not been smart to sell at 30%, 50% or 100% profit.
Even at Portfolio level my profits would have been 5x more than what I have booked in last 12 years and would have saved me some brokerage and STT too 
I hope this gives you and other reads a perspective and would also encourage some more people to do this analysis and share their findings.
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