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Book Profits in Sun Pharmaceutical Ltd


Note: Part of newsletter sent on 27 & 28 Dec 2015.

Refer my email dated November 11, 2015 which you can find here: Muhurat Trading Tip Happy Diwali 2015. I quote from the article:

I would suggest start buying Sun Pharmaceutical Industries Ltd in stages like some today, some after a decline of 10% and some after a decline of 20% from here. Its looking very strong at 726.00. Its now at 52 week low as well. A very strong company. Though it is having some issues right now, they are short term and the stock will recover very fast when the management will solve those issues. The stock should give you good returns within a few months – but please do not invest a lot, and, invest in stages. If the stock goes down 10% more from here buy more. Or if the stock goes up 10-12% sell and book your profits.

I had recommended Sun Pharmaceutical Industries Ltd at 726.00. You can exit from the stock today and make a profit of around 10% in 45 days. I think stock can go up to 830-850 soon. But due to recent controversies its better to book profits and exit.

See this:

Sun Pharmaceutical Ltd

And closing price on 24-Dec-2015:

Sun Pharmaceutical Ltd

Note that at the time of writing on 10-Nov-2015, it was trading at 726 but closed at 731.95 that day. The newsletter was sent for Muhurat Trading 2015. See how the stock almost reversed from 726. It made a low of 706.20 on 24-Nov-2015; after that straight up.

What We Learn?

If your basics are correct you will always make money. 10% in 45 days is a great return but still risk-management says only a part of your stock markets investments should have gone into Sun Pharmaceutical Ltd even if you are 100% sure it will give a great return soon. That’s because if by chance you need the money in between when it was down, you would have been forced to exit in a loss. At any cost this situation must be avoided.

Thanks and Enjoy Profits.

Hey isnt 10% in 45 days is BETTER than 3% a month? πŸ™‚ Yes it is but movement of a stock is NOT in your control, but the options are in YOUR control because you can hedge and lots depends on VIX. And VIX can be guessed. Therefore every stock investor MUST learn options trading.

Learn Conservative Options Trading and Enjoy Consistent Profits.

With My Free Tips I Do Not Make A Single Rupee

Yes I do not earn a single rupee with these free tips and I have given many in this site. Yet its 10.30 pm on Saturday night 26-Dec-2015, I am writing this to help you. This is the time when most Indians are watching TV or are having fun at restaurants, clubs or in movie theaters. Why am I telling you this? Just be passionate in what you do and be honest. I can assure you will live a very happy life. I also love to have fun and I do – I was busy today and tomorrow I have some appointments and may not have time, so I have to finish this today. On Monday morning this post will go live so that you can read it before market opens.

Mind it on Muhurat Trading day this website got more than 500 clicks in a single day. It was on top of Google rankings for Muhurat Trading Tips. Plus thousands of subscribers read this through emails. So I am sure many of those must have bought Sun Pharma that day and will make profits today. The stock actually crossed 800 a few days back, but I was waiting for a better rate, unfortunately again it fell. So I think it is good enough for an exit signal. Some people may have booked profits earlier above 800 and may have made more.

I feel very happy when my subscribers make money and feel very bad when someone loses money. That is the whole point of this site, to educate how to invest, and am working towards it. Frankly, I love doing it whether I am compensated for it or not.

Love what you do. Love your job and make sound investing decisions. Do not be greedy and be happy with small profits. And most importantly – When its Work – its Work – forget everything else. You will start having fun while you work. And you will be very happy in your life.

Added on January 04, 2016:

Please see the comments section of this article. Someone asked an interesting question – “It seems you are saying without base but support and resistance. Where are fundamentals of the stock?”

I have shifted the answer to the article itself as I think it is a great question and the answer deserved a place in the article itself. Lots of people do not read comments.

My answer is this:

If you read this article when I emailed everyone to buy Sun Pharma, it is clearly written:

I would suggest start buying Sun Pharmaceutical. Its looking very strong at 726.00. Its now at 52 week low as well. A very strong company. Though it is having some issues right now, they are short term and the stock will recover very fast when the management will solve those issues. The stock should give you good returns within a few months – but please do not invest a lot, and, invest in stages. If the stock goes down 10% more from here buy more. Or if the stock goes up 10-12% sell and book your profits.

When you are buying a stock to make 10% quick profit, then it is more of a swing trading than a long term fundamental trading. And can’t a trader do swing trading in a fundamentally strong stock? It is actually a killer combination. I actually do it, and highly recommend swing trading with fundamentally strong stocks. So even if I need to hold, I know I will NOT hold them for years.

For example even if Jindal Steel & Power Ltd. nose dives 25%, I would not buy that stock. Though a Group “A” stock now – its fundamentals as a company is not strong. I would rather control my greed and never regret not buying the stock even if it jumps back 50% the next day. Greed is a BIG trapper. You will never know when you get trapped. πŸ™‚

Now when Sun Pharma hit the target in 45 days, it DOES NOT matter if there is any controversy in the stock or not – what matters is my investment paid off and I should exit, that’s it. That is why I gave an exit call. Interestingly the stock was up more the next day when my subscribers would have exited the stock with more profits (newsletter was sent after market hours). I wanted to wait for it to hit 820, but since the stock was surrounded by another controversy I thought it is better to exit.

So yes, more to do with support BUT Not resistance because we already made up our mind to exit with a 10% profit.

Now please DO NOT ask how I find support. πŸ™‚

Thanks for a good question.

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{ 4 comments… add one }
  • adesh January 4, 2016, 9:04 am

    Hi Dilip.

    Nice article. Just was seeing your comment that take your profits as there are few controversies also you said buy if it dips because its a fundamental company.

    So it seems you are saying without base but support and resistance. IF sunpharma had fallen down 20% from 726. Many people will buy because u said it has good fundamental.

    But as soon as it rises a little u say it is full of controverises..Where are fundamentals than??

    • Dilip Shaw January 4, 2016, 12:54 pm

      Hi Adesh,

      Thanks for a good question. In fact it was so good that I had to shift the answer to the article itself to benefit my visitors. Please see the end of the article. Most do not read comments and this is something I wanted everyone reaching this page to read.

      Again thanks for the question.

  • manoj February 15, 2016, 6:43 am

    nice article

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