The script shows a trendline breakout. A flag on a pole pattern can be appreciated. Next target 455.
Most large caps have rallied along with nifty in the past 2 months. After metals, IT, FMCG, and Realty now nifty energy, and infra are doing well. The banking sector still remains an underperformer, which is likely to rally in the coming days. The auto sector might take a few more months to come out of the semiconductor/chip shortage issue.
When there are no good large caps to trade with slowly we should shift gears to mid and small caps. Always watch for volatility and illiquidity while trading with small caps. Keep strict stop-loss. Capital protection is the most important thing for a trader.
I'll give few small cap stock ideas this week. I dont do fundamental analysis and my suggestions are purely based on technicals. Take the trade when you are convinced with the script and the pattern. HAPPY TRADING!
Most large caps have rallied along with nifty in the past 2 months. After metals, IT, FMCG, and Realty now nifty energy, and infra are doing well. The banking sector still remains an underperformer, which is likely to rally in the coming days. The auto sector might take a few more months to come out of the semiconductor/chip shortage issue.
When there are no good large caps to trade with slowly we should shift gears to mid and small caps. Always watch for volatility and illiquidity while trading with small caps. Keep strict stop-loss. Capital protection is the most important thing for a trader.
I'll give few small cap stock ideas this week. I dont do fundamental analysis and my suggestions are purely based on technicals. Take the trade when you are convinced with the script and the pattern. HAPPY TRADING!
Trade closed: target reached:
Target achieved...