Sniper-Traders

Sniper-Traders

Technical Overview : Took a position for about 0.625% of the net capital from a level closer to the lower trendline of the descending channel. Will be targeting the high of the descending channel for a potential move of about 43% from the current average entry price. Fundamental Overview : Mrs. Bectors Food Specialities Limited, a prominent player in India's...

Sniper-Traders

Technical Overview : Took a position for about 0.625% of the net capital from the lower trendline of the parallel channel targeting the highs for a potential move of about 39%. Fundamental Overview : 3M India Limited, a subsidiary of the U.S.-based 3M Company, has demonstrated a mixed financial performance over recent quarters, influenced by various market...

Sniper-Traders

Technical Overview : Took a position for about 0.625% of the net capital from the lower trendline of the parallel channel. The price did form a gap down and hence I waited for a consolidation pattern to be formed before being involved in the scrip. Will be targeting the higher trendline of the parallel channel which is about 35% move from the average entry...

Sniper-Traders

Technical Overview Took a position for about 0.625% of the net capital from the lower trendline of the parallel channel. As of now, the target considered is the high of the parallel channel, to where there is a potential move of about 10% from the entry level. Will consider adding on to the position if the price falls to the, low of the ascending channel as...

Sniper-Traders Updated 

I have taken 2 positions at different levels, both close to the lower trendline of the ascending channel. The net allocation in the scrip currently amounts to 6.25% of my net capital. I do not plan to add to the position anytime soon. For now, my target is the all-time high, which would yield a profit of approximately 9% based on the average entry price. 📢📢📢 If...

Sniper-Traders

I have taken 3 positions at various levels, bringing my total holding in the scrip to 1.875% of my net capital. I may consider adding to the position if the price falls to the low of the descending channel marked on the chart. However, both macro and microeconomic factors, as well as the momentum of the decline, will be carefully evaluated before making any...

Sniper-Traders

I have taken 5 positions at different levels, resulting in a net holding in the scrip that accounts for approximately 6.25% of my net capital. I might consider adding to the position if the price falls to the entry levels marked on the chart, depending on the momentum of the decline. For now, my target is the all-time high, which would yield a profit of about...

Sniper-Traders Updated 

Took a position in the scrip, allocating about 1.25% of the net capital. I am expecting a potential upside of around 38% to the upper trendline of the channel that has formed. I will consider adding to the position if the price falls approximately 23% from the current level and touches the longer timeframe trendline, which is a significant support level for the...

Sniper-Traders

Took an entry for about 0.625% of the net capital from a level close to the low of the parallel channel. Will be targeting the high of the parallel channel for profit of about 47% of the invested amount. Might even consider adding on to the position if price comes down to the low of the parallel channel, depending upon the momentum of the move. 📢📢📢 If my...

Sniper-Traders

The current net holding is approximately 1.875% of the net capital. I plan to increase the holding to 2.5% once the price reaches the channel's lower trendline. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain...

Sniper-Traders

Closed the position as soon as the price hit the initial target level. I do expect a short term market correction in the near future. So decided to close the position aggressively at the first sign of inflection and thereby booked a profit of about 13.46% on the invested capital. I'll consider a re-entry if the price falls back to the low of the parallel...

Sniper-Traders

Took a position in the scrip once again, for about 0.625% of the net capital. Will consider adding on to the position if the price crashes down to the lower trend-line of the descending channel. If not, the high of the channel will be considered as a target for a move of about 49% from the current entry level. 📢📢📢 If my perspective changes or if I gather...

Sniper-Traders

Closed position and booked a profit of about 15.97% on the invested capital. Will consider a re-entry if price crashes to the low of the higher time frame channel. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain...

Sniper-Traders Updated 

Fundamentals: The stock appears deeply undervalued, with promising growth prospects driven by a substantial population of middle-aged individuals in China who could potentially become Alibaba's customer base. Notably, within China, Alibaba enjoys a monopoly, and although there is a decline in revenue, the increasing cash flow is viewed as a positive sign. This...

Sniper-Traders

The price is close to the low of a HTF channel and hence entered into a position targeting the high of the channel. The current position size is about 2.5% of the net capital and the expected move is of about 52%, depending on the current macro and micro economic conditions. 📢📢📢 If my perspective changes or if I gather additional fundamental data that...

Sniper-Traders

After the initial re-entry I did take one more position and summed up the total holding to 1.25% of the net capital at the time. Then as soon as the price reached a key inflection level I closed the position and made some re-allocation to the portfolio. The profit booked was about 6.17% of the invested capital. I'll be looking forward for a re-entry if the price...

Sniper-Traders Updated 

Adding on to the position since the price is in a buying level as per price action. But I do see the possibility of further crashes in the coming days, since FTX may get the court approval on September 13, to sell some crypto assets into fiat to repay creditors and reduce volatility risks. As of January 2023, it is estimated FTX’s crypto holdings include $685...

Sniper-Traders Updated 

The stock price plummeted primarily due to the central government's ban on the use of sugarcane juice for ethanol production. However, I anticipated that this decision would be short-term, aimed at boosting sugar supply in the market and lowering sugar prices ahead of the upcoming election. I expected the government to eventually lift the ban, restoring normalcy....