► 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
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.
Upward pyramidding also can be done above 125-130 zone.
This trade might take its own time.