Hey All,
The Indian stock market both NSE [National Stock Exchange] & BSE [Bombay Stock Exchange] opened in the green and are currently trading higher. BSE opened at 85,154 and hit an intraday high of 85,272 and whereas NSE opened at 26,057 and reached an intraday high of 26,099 points. Coming to the stock - IDFC First Bank Ltd then it is up 3.30% today and is trading around ₹ 79.3, I guess it should hit ₹ 80 not that far away. Here is the image taken from screener app and you can clearly see IDFCFIRSTBK has been on rise for last couple of trading sessions.
Booked Profits IDFC First Bank Ltd...
I had like 700 shares of this stock and so far have sold 200 of them the relieazed profit so far is ₹2,303/- overall if you see I am making close to 30% profit here which is like almost Rs.10K not that bad I would say. The average buying price sits around Rs.61.52/- and the current trading is almost going to touch Rs.80/- I was able to get the average price lower becuase I was buying at every dip in simple terms did DCA [Dollar Cost Average] whenever there was an opportunity. So now what NeXt?
My Strtategy Ahead...
I have a simple strategy that I have been following for a year now. Whenever there is a stock in my porfolio that starts to show a profits of more than 25% that is where I start to book partial profits. The same appilied for ticker:: IDFCFIRSTBK - right now have booked profit for 200 shares and still have another 500 to go. The plan is that every day I would be selling some shares so as to maximize my gains. The next question is what will I do with the profit and the initial investment. To be honest what I do here is start investing rather starting DCA in stocks where I am having losses. This simple act helps me to get my average price of the stock lower along with increasing my overall holding. Currently, I am incurring hefty losses in JWL [Jupiter Wagons Ltd] & AWL [Agri Business Ltd] and hence will be redirecting some money in these stocks along with investing in some emerging stocks that is mainly associated to Renewable Energy & Green Technologies here is my research list so far but for now I have finalized the stock that I will be investing in.
Adani Green Energy Ltd (NSE: ADANIGREEN)
Tata Power Ltd (NSE: TATAPOWER)
JSW Energy Ltd (NSE: JSWENERGY)
KPI Green Energy Ltd (NSE: KPIGREEN)
Waaree Renewable Technologies Ltd (NSE: WAAREERT)
Well this should be it for todays post on - "Stock Market 101:: Booked Profits IDFC First Bank Ltd; ticker:: IDFCFIRSTBK - My Strategy Ahead..." with real time examples. For now, I’ll enjoy the profit and keep a close watch on market movement. I will be sharing more of these examples and insights in the upcoming posts to help you navigate the market more confidently. Stay tuned for more tips on making informed decisions and maximizing your returns.. Happy Investing... cheers
Have Your Say On IDFC First Bank Ltd; ticker:: IDFCFIRSTBK...
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Are you invested in the Stock Market IDFC First Bank Ltd; ticker:: IDFCFIRSTB ... Short term Vs Long Term? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, zerodha
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.