AXITA COTTON LTD
Long
Updated

AXITA COTTON

297

I suggest buying Axita cotton at its current price, with a stop-loss placed at 28.80. This means if the daily candle closes below that price, it would be a signal to exit the trade. In the short term, we can expect a target of 39.50. It's important to note that the stock price has recently increased after the board approved a bonus share issue in the ratio of 1:3. ratio. This means that shareholders will receive an additional share for every three shares they currently hold.



Remember
"Trading is not about making quick profits; it's about managing risks and waiting for the right setup to present itself." - Peter Brandt
Note
hold the stock and set trailing stop-loss at 35.6

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.