Stock took support and showed lower wick rejection at 20 ema , last time it did that and when it took support at 20 ema it gave very strong movement next few days. Luckily I took a small position towards yesterdays closing.
Now How do you play this breakout?
1 waiting for retracement upto previous Previous ATH
OR
But what if retracement does not happen
I suggest buying this stock tomorrow if it breaks first 1 hour range on upside and stop loss just below previous hour candle it is good momentum stock and got doubled in last FY. Small risk for huge gain its all worth it.
Please follow me on my profile future for stock ideas
..............................................................................................................
Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners
Now How do you play this breakout?
1 waiting for retracement upto previous Previous ATH
OR
But what if retracement does not happen
I suggest buying this stock tomorrow if it breaks first 1 hour range on upside and stop loss just below previous hour candle it is good momentum stock and got doubled in last FY. Small risk for huge gain its all worth it.
Please follow me on my profile future for stock ideas
..............................................................................................................
Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners