Market-Thalaivaa

ABCAPITAL – mid-term pick

Long
NSE:ABCAPITAL   ADITYA BIRLA CAPIT
Aditya Birla Capital had seen a weekly breakout in mid-February
► After breakout, stock is consolidating, forming a triangular pattern
► Entry can be taken on break of triangular pattern or pullback to the triangle
► Based on news of SEBI clearing draft red herring prospectus for Aditya Birla Sun Life AMC , there might be a gap up opening on Monday breaking out the triangle pattern
Usually prices move before news comes to retail participants, however looks like this is not the case with ABCAPITAL
► Aggressive position not suggested, ideal size would be 1% of portfolio size
► Stop-loss is essential for every trade
► Our stop-loss is 110 on daily closing basis

Disclaimer - holding positions since February breakout

Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Trade closed: stop reached

Comments

115 levels looks a good point to add from risk : reward perspective, keeping stop loss at 109. Target 150.
Reply
whats the tgt?
Reply
@ritenjee, My targets - 150(50%)/165(20%)/200(30%) - once first target is reached we will trail the same by 15-20 Rs.
Upward pyramidding also can be done above 125-130 zone.
This trade might take its own time.
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ritenjee Market-Thalaivaa
@Market-Thalaivaa, OK, Thank You!
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Bro, really looking great. I want speak with brother. Could you please provide your no
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Market-Thalaivaa rajasekharreddybigdata
@rajasekharreddybigdata, Thank you! I am available on Twitter, you can DM me.
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Comment removed.
Market-Thalaivaa chefsrcocoon1234
@chefsrcocoon1234, Thank you!
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