akashbothra

Advani Hotels breakout

Long
akashbothra Updated   
NSE:ADVANIHOTR   ADVANI HOTELS & RE
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below daily supertrend

With quarterly sales increasing by 105% and quarterly profit increasing by 363% ADVANIHOTR gave a breakout with very big volumes after a consolidation of almost 4 years. Buy with a stop at or below Rs.91.
Trade closed: stop reached

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