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
Comment:
hold the stock and set trailing stop-loss at 35.6