Hey All,
The stock markets are moving sideways sometimes we are seeing a sharp decline and then immediately there is a big momentum being build upwards. Right now it’s difficult to time the market and hence it is suggested to invest in the market considering a long-term horizon. Today the India stock market SENSEX [Sensitive Index] is up 850 points as of writing this article and the NIFTY [National Stock Exchange Fifty] is also up 270 points to settle at 23,690, almost about to touch the 23,700 mark and maybe next week if the same momentum builds up we could see NIFTY touching 24K+ mark. Let’s hope for the best. Moving forward to profit booking then I think it is imperative that one should consider securing gains systematically while also evaluating long-term growth potential and overall market conditions. There is no point investing if we are not looking or setting a threshold where we should start booking profits from stocks which are at that level. Today for me NLC India Limited ticker:: NLCINDIA started giving me that profit level threshold and I immediately pulled the triggered to secure my gains.
Profit Booking – NLCINDIA up 20% today – My Strategy Ahead…
I was holding a decent number of shares, and it’s not that I booked profits only today. I have booked profits in the past as well whenever the stock reached my expected levels. As you can see from the above images that I have taken from my stock broker App Zerodha – I sold closed to 40 shares of NLCINDIA at the different prices in the range of Rs.380/- INR. Also there is an image that showcases some of my stocks that are giving me decent profits. But specifically you can see NLCINDIA giving about close to 60% gains and who on the earth wouldn’t want to book the profits here. Initially I had closed to 200 shares but slow and gradually have been booking the profits. Right now I am left with 10 shares just in case there is an uptick tomorrow I would take advantage of it and sell the last lot as well. Speaking of the 20% rise today then I checked this is all because of Q4 net profit that has skyrocketed to 189% YoY. Interested to know more about the same then have a look at the news here – NLC India shares rally 18% to fresh record high after Q4 net profit skyrockets 189% YoY. Coming to the topic of my strategy ahead then to be honest I am done with investment in NLCINDIA and now I would be researching some other stock where I did like to invest all the profits that I have made here. Some particular stock that I am looking into is Infosys, Ashok Leyland and Coal India. Lets see how things pan out in near future and definitely in my next post I will update here as to what finally I did pick up. Well this should be it for todays post on – “Stock Market 101:: Profit Booking – NLCINDIA up 20% today – My Strategy Ahead…” Be Alert & Vigilant before Investing in Crypto & Stocks... Happy Investing.. Cheers
#StockMarket #Crypto #LongTermInvesting #NLCINDIA #WealthBuilding #Profit #Profitbooking
Image Source: Pro Canva license, Chatgpt, Zerodha App
Best Regards
Paras
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have a personal interest in blockchain, stocks, and cryptocurrencies and actively invest in emerging projects.