Stock has bad news recently. Have to be careful how market treats this stock.
Few points to trade.
1. IPO stock. Lock in ends in Aug 2024. Pre IPO investors may try to up the price if they want to exit.
2. Other Hospital stocks have run up. This is not participated yet.
3. From December stock is trading in the same zone. Candles are becoming shorter on weekly. Daily around 2 lakhs delivery qty.
4. Promoter bought shares in Nov'23 after the bad news.
Candles are shorter, price may go both sides.
It should give us chance to enter at 375. SL 368. Once it breaks the zone , immediate target should be 400 then 430 if volumes support.
Taking very less position because do not know about fundamentals and bad news around the company.
Few points to trade.
1. IPO stock. Lock in ends in Aug 2024. Pre IPO investors may try to up the price if they want to exit.
2. Other Hospital stocks have run up. This is not participated yet.
3. From December stock is trading in the same zone. Candles are becoming shorter on weekly. Daily around 2 lakhs delivery qty.
4. Promoter bought shares in Nov'23 after the bad news.
Candles are shorter, price may go both sides.
It should give us chance to enter at 375. SL 368. Once it breaks the zone , immediate target should be 400 then 430 if volumes support.
Taking very less position because do not know about fundamentals and bad news around the company.
Comment:
400 reached. Bought only 100 shares @ 375. Sold 50 @ 400. Keeping remaining 50 till 430 and above or till SL hit.
Trade active:
Price closed at 440. Target reached. Still holding remaining 50 shares.
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Results are on 10-Feb Saturday. After market hours.
Either insiders know the result is good so buying happened.
Or
Results are bad, they increased the counter from 4 sessions and exit on Monday opening, trapping traders like us.
If the price:
1. Jumps on Monday then I will let it ride.
2. Consolidates, I will wait and add more if it starts an up move.
3. Falls then I will exit at 425.
It is okay if we are earning small profits. Our goal is to generate capital with trading.
--------------------------------------------------------------------------------------
Results are on 10-Feb Saturday. After market hours.
Either insiders know the result is good so buying happened.
Or
Results are bad, they increased the counter from 4 sessions and exit on Monday opening, trapping traders like us.
If the price:
1. Jumps on Monday then I will let it ride.
2. Consolidates, I will wait and add more if it starts an up move.
3. Falls then I will exit at 425.
It is okay if we are earning small profits. Our goal is to generate capital with trading.
Trade closed: target reached:
Remaining 50 shares sold. SL Hit at 425 . Total trade closed in 9.68% profit.