/**
Caution::
This is just my probability view based on my very limited knowledge...
Know your risks if you are taking a trade and allocate <5% of Equity capital.
Always Consult a financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
why??
AEGISCHEM is seeing some buying near the Trendline and Fib 61.8 levels.
It is also trading at a very good valuations 13.3 EV/EBITDA.
Share price gets good support near 305-310 levels, So my initial Stop is at 304.
How??
This will be my entry / exit plan::
-- Initial 2.5% of my capital below 334, S/L - 304
-- Add 1.5% capital when price is above 368, new S/L - 323
-- Add 1% more capital above 390, trail S/L with super trend or other indicators
-- Exit when price is near the Yellow dotted line or when previous Higher Low is broken.
Caution::
This is just my probability view based on my very limited knowledge...
Know your risks if you are taking a trade and allocate <5% of Equity capital.
Always Consult a financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
why??
AEGISCHEM is seeing some buying near the Trendline and Fib 61.8 levels.
It is also trading at a very good valuations 13.3 EV/EBITDA.
Share price gets good support near 305-310 levels, So my initial Stop is at 304.
How??
This will be my entry / exit plan::
-- Initial 2.5% of my capital below 334, S/L - 304
-- Add 1.5% capital when price is above 368, new S/L - 323
-- Add 1% more capital above 390, trail S/L with super trend or other indicators
-- Exit when price is near the Yellow dotted line or when previous Higher Low is broken.