Bharat Financial is making a HnS and could very well prove to be the stock to watch-out for in coming months. Buy and Hold in cash with recent low as stoploss and ride well above the breakout.
if HnS comes out as expected, its gonna be nice trade :)
extremelyrandomguy
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newbie here. To setup a successful trade, is it best to wait till the BO around 870? If not, how do we derisk if entered at current levels?
If the RSI and MCAD is favourable, how do you conclude that?
Thanks!
saurabhdhanda
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@extremelyrandomguy, Hey to answer your query, yes it is better to wait for the BO to enter a confirmation trade.. but many a times if pattern is forming on higher timeframe, anticipatory trade is advisable to lower the risk. So here in this case, my strategy would be to enter 50% position now and enter rest 50% on confirmation... I normally don't follow RSI and MACD as they are a derivative of price only and if price action is favorable, everything else will fall in place.