ASIANPAINT : Going Long
Took an entry for approximately 1.25% of the net capital, anticipating a potential upside move of about 20% on the invested capital.
If the price crashes from the current levels, I'll re-evaluate the fundamentals and technicals and then decide when and where to add to the position. I'll update underneath this post if something comes up.
Since the central budget is to be presented in just a few days, I don't expect to see much of a crash in the coming week. I believe the higher probability is for the market to recover from the current levels unless any other headwinds occur.
Will provide further details regarding this entry, beneath this post, later on.
If the price crashes from the current levels, I'll re-evaluate the fundamentals and technicals and then decide when and where to add to the position. I'll update underneath this post if something comes up.
Since the central budget is to be presented in just a few days, I don't expect to see much of a crash in the coming week. I believe the higher probability is for the market to recover from the current levels unless any other headwinds occur.
Will provide further details regarding this entry, beneath this post, later on.
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