BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: The breakout levels are derived from the weekly line chart which is respected much more by smart money.
Note: I reserve the right to be wrong.
DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
You are master🙏.. Please have a look at ashoka buidcon Also hope u remember kolte patil u posted few months back on my request, amazing gains.. Thank u
raavigeorgian
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@drdc11 Thanks for the appreciation. Ashoka Buildcon is a great pick 👍. The price action has been setting up nicely. However, it has made an engulfing candle today on lower volume, which closed right at the long term breakout level. Current weekly candle closing will be crucial. If it manages to close above 118, it’ll fly next week. If it closes below 118 I expect it to consolidate for another week or so on low vol before a fresh break out happens. If it drops, may likely bounce back from 112 level.
Also hope u remember kolte patil u posted few months back on my request, amazing gains.. Thank u