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On This Day - 29 MARCH 2019
9.78% Profit Target Achieved... Here Are Your New Trades
The scientists at the Defence Research and Development Organisation (DRDO) must have been thrilled when the anti-satellite (ASAT) missile hit its target - an Indian satellite orbiting in 'Low Earth Orbit'.
PM Narendra Modi congratulated the nation when DRDO achieved this feat as India became the only fourth nation to acquire the capability to shoot down a live satellite after US, Russia and China.
Now scientists at the DRDO aren't the only ones to feel exhilarated on achieving their target. My Profit Hunter Pro readers are also quite a cheerful lot as they have one more reason to be delighted.
It closed with gains of 9.78% yesterday. I recommended my Profit Hunter Pro subscribers to buy this stock on 11th March 2019 at a level of 50.10 after it broke out of an inverse head and shoulder pattern.
The stock took some time to reach its target but nevertheless it didn't disappoint us. It achieved our target price of 55 yesterday. Now I am sure it has added to the spirits of Profit Hunter Pro subscribers as this is the third winner in a row after GE Shipping and Oil India.
But that's not all. Right now, we have 8 open trading recommendations in fundamentally strong stocks. I spoke about some of them earlier. Some are already up with gains like...
Out of the remaining there are a few stocks which are trading close to their recommended price and are immediately actionable.
For eg. an auto company which has broken out of a double bottom formation and expected to generate 10% gains.
Another stock is from the hospitality industry which broke out of a 10-year consolidation last year. I expect it to generate average gains of atleast 20% in the medium term.
One more stock is nothing less than buying a ₹100 note for ₹50. It also enjoys a healthy dividend yield of 6%.
These recommendations are open for a while. And apart from them I have added 3 new recommendations during this week itself.
Like always I've picked these companies from a basket of stocks which are carefully selected and researched by Equitymaster team at one point or another. All the above stocks are fundamentally strong and have good potential to generate solid returns over the medium to long term.
But we are not interested in holding on to them for the long term. Like you just saw with IDFC First Bank. We held it for 17 days only to generate a gain of 9.78%. I expect most of our stocks to close and generate such gains within a similar time frame. Off course the exact number of days will vary depending on market conditions.
But you know that we are not in them for the long haul. If this is something which excites you then join me right away along with hundreds of my Profit Hunter Pro subscribers.
I don't see any reason which should hold you back from being a part of this profitable journey.
PS: Apurva has 8 trading recommendations you can act on right now. With profits like 9.78% in just over two weeks - why would you miss out? Join him now.
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