Sniper-Traders

Sniper-Traders Jun 25, 2024

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 Jun 13, 2024

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 Jun 10, 2024

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  May 29, 2024

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 May 29, 2024

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 May 28, 2024

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  Feb 15, 2024

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  Jan 2, 2024

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....

Sniper-Traders Dec 20, 2023

I held a strong conviction regarding a potential move in Silver, as detailed in the attached post. To capitalize on this anticipated move, I initiated a position in Silverbees, committing approximately 5% of the capital. I am open to augmenting the position should the price decline to the lower trendline of the higher timeframe channel. I anticipate a move of...

Sniper-Traders Dec 20, 2023

Since I do expect a market crash, I was interested in taking positions in commodities like Gold and Silver. At that moment I felt that Silver was in a much better price point as per technicals when compared to Gold and so I did take a position on Silverbees for about 5% of the net capital. Expecting a move of about 12.5% to the top of the channel line as per this...

Sniper-Traders Dec 20, 2023

Price is close to the upper trendline of the channel. This may act as an inflection level and there is a high probability for the price to reverse from these levels. So decided to book profit which was about 22.41% on the invested capital. Moreover, the entire Indian Market is over valued at the moment and there is a possibility for the whole market to turn...

Sniper-Traders Dec 19, 2023

The Nifty has been on a bullish trend for the past few weeks, with the recent election victories of the current ruling party in Madhya Pradesh, Rajasthan, and Chhattisgarh providing additional momentum. This outcome strongly suggests a potential continuation of the current government's reign in the next tenure, providing the market with the stability it...

Sniper-Traders Dec 17, 2023

Market is in a key inflection level. So decided to book profits and then have some cash positions around. There is a higher probability for a sell-off to hit the market as per the technicals and I feel that it is advisable to have some cash positions around if that happens. Will consider a re-entry if price falls back to the low of the channel line.

Sniper-Traders Dec 17, 2023

Price is in a key inflection level. I also do expect a sell-off to hit the US market anytime soon. If that happens then it will have a high impact on the Indian IT sector. So decided to book profits. Will consider a re-entry if price falls back to the low of the channel line.

Sniper-Traders Dec 16, 2023

Price is in a key inflection levels and there is a high probability for a sell-off to hit the market anytime soon. So decided to secure profits at the current levels. Will consider a re-entry if price falls back to the low of the channel line as mentioned in the chart.

Sniper-Traders Dec 16, 2023

The exponential growth of Pfizer during the COVID era can be attributed significantly to its role as a vaccine producer. However, the current levels of PFE are even lower than the pre-COVID trading price. The current stock price is approaching the lowest levels witnessed during the COVID-induced market crash. Consequently, almost all the increase in price driven...

Sniper-Traders Dec 16, 2023

Took an initial entry in CVX for about 1.25% of the capital. Expecting a potential move of about 33% from the current levels. Anticipating a potential upward movement of around 33% from the current levels. It's noteworthy that CVX holds the fifth position in Warren Buffett's Berkshire Hathaway portfolio, according to the latest 13F filing. Will consider adding on...

Sniper-Traders Dec 14, 2023

Took a single entry for about 2.5% of the total capital, targeting the upper trendline for a profit of about 15% on the invested capital. This is a re-entry. Public posts regarding my previous positions in the stock are attached along with this post. Do check them out.