Respected Readers,
I am happy to announce 38 th profit booking of this blog.
I Recommended Vijay Shanthi Builders Ltd on 27 Dec 2015 @ 10.19 see the original article where I posted this stock recommendation here:-
After this recommendation stock touch, new 52 weeks high 17.40 on 25 Apr 2017 So actually stock gives 72%+ return,
But when we calculate return on closing price then it is 56.52%, and due to this sell call, it is also possible that on 26.04.2017 stock open below closing price.
Why I Recommended to Sell: - Sell call does not mean end of rally, This is a normal process we already hold this stock since last 1 year and 5 months and yesterday stock touch day high 17.40 then down 8.21% and close 15.97% So I think more than 5% difference in day high between closing price is a sign of weakness so I recommended selling here.
Why I do not put new calls on My Penny Share: - I knew my followers eagerly waiting for my new calls on this blog but my stock selection criteria is so automatic that when the market is overvalued then I am unable to find a value buy.
Per day I manually scan 20-40 stocks and choose best stocks for my own buying and for updates on my various blogs.
New readers, please watch this video to understand how I select stocks:-
Per day I manually scan 20-40 stocks and choose best stocks for my own buying and for updates on my various blogs.
New readers, please watch this video to understand how I select stocks:-
Other Important Update: -Elecon Engineering Company @59.05
Discloser: - I am still holding 200 Stocks of Vijay Shanthi Builders because I buy this stocks in June 2016 and my minimum holding time 1 Year not completed, Read my full discloser on original buying recommendation article which links I given above.
