Did profit booking in Morepen Lab at 23% for partial quantity

This is follow update of previous post below, please read for reference purpose -
https://yogeshtamkhade.blogspot.in/2016/07/morepen-lab-multibagger-potential.html

Morepen Lab predication works well as per the chart given earlier 

Why we have booked profit and reduced position even if we said that it is as multibagger potential stock?

 - Multibagger is usually a long term story and we got good price appreciation of 23% in just 1 month.
- Partially profit is always good to reduce the cost of risk. 
- Technically we may assumed that  wave g of X wave is ongoing or near completion.
- We think that corrective "Y wave" is still pending on downside as shown in the chart.
- We might re-enter again at 18 or below as our multibagger story is still intact. 
-  Even if we failed in our above statement, still we have option to reenter at suitable price above the breakout.