Portfolio advise needed

[…] companies like Asian paints, Pidilite would always command premium valuations due to the niche sector that they operate in. So one won’t get deep corrections in such stocks (unless there is a market crash such as March 2020).

Interestingly, Asian Paints’ fall in the last month from its 52 week high at 2873 to 2376 (-17.46%) has been almost as much as its fall in March 2020 from 1877 to 1520 (-19%). If you entered around this price, it was (is) a great opportunity!

Salil’s advice is to set up a stop loss near the weekly support lines for stocks where you aren’t confident of your entry, or want to protect profits should there be a correction. For Asian Paints, it would be near the two lines below:

Could you share why you’re only looking at ICICI vs SBI in the banking space, and how you’ve come to a decision on consolidating between the different stocks you have?

Not invested in Asian Paints.

Stocks always go up and down in a step ladder. In the process it makes a higher high and then corrects 30% or more and then make a new higher high. So check the last lower low on a daily / weekly time frame (distance from high to low needs to be more than 30%)

Absolutely. SBI wait for 350 or lower. ICICI 560.

Thanks, did buy Asian Paints overall cost is 2350.17. Also bought Pidilite, total cost imcl of brokerage and taxes 1685.28.

Thanks Sameer, did buy Asian Paints overall cost is 2350.17. Also bought Pidilite, total cost imcl of brokerage and taxes 1685.28.