Hello Sir, How are you looking at EIL now ? I took my first position at 72 and kept building it until stock touched 100 (Avg Buying price came out to be 82). I rode the rally but then sold it at 140 and 120 when stock was breaking down because i thought that these were key support levels and i wanted to retain my profits.
Subsequently after the stock again broke 140, i have re-entered the stock to play the next rally. This has been more of technical trade (with fundamental backing) for me.
I wanted to understand how do you play these trades
- Do you book your profits when there is decent correction (it corrected from 165 to 120) to protect your profits (admittedly it never broke 200 DMA but since the runup was so steep, dint want to lose the profits)
- Do you re-enter stock after you have sold if it has resumed its uptrend ?
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