TSM : Going long

It is the world's most valuable semiconductor company. That's the one and only reason for taking an entry in this stock. Semiconductor is such an important component that is required for almost every aspect of the modern world.

Took a position for about 1.25% of the portfolio. Will consider adding onto the position only if it reaches the bottom of the larger ascending channel.

There is a potential move of about 23% to the near term target. Will consider booking profit at those levels depending upon the fundamentals and technicals of the stock as well as the overall market at that time.