Tata Investment Corporation: Unusual discount to NAV

As someone who put TIC in watchlist @ 1300 levels and never bought a single stock. Here are my learnings.

1. Trend is our friend. Sometimes it helps to not be so value oriented – buy at low valuations, sell at high valuations.
2. Float matters. Nothing much here, pretty basic. TIC promoters will never ever sell a single share and maintain the 73% stake. So the number of shares in supply is limited and if like last couple years, huge demand is there, brace yourselves.
3. A lot of what has happened over the last 2 years is “monkey see, monkey do”. Sometimes it pays to be a rational monkey. I was waiting for the stock to go below 1200 to buy (it never did).
4. I need to learn TA also to avoid loss of potential profits.

Thanks.