Britannia India is hanging Around under Life Time High

kunal_finner Updated   
I recorded a short video to talk about the process of looking at a stock. Starting with the fundamentals and then coming to the short term movements. This is more educational in nature and can help avoiding mistakes like
  1. Looking at chart patterns and taking trades - only to see the stop loss getting hit
  2. Overtrading, getting out of good trades early - getting faked out because of news
  3. Why listening to "Nifty Analysis" and CNBC / Bloomberg is actually very harmful to good trading
  4. How a good stock analysis process always starts with the "Monthly Chart" - and not the 5 min or the 15 min
  5. Why trading doesnt necessarily mean making 2 or 3% on a trade - it should mean making 20-30% on some trades

Of course Britannia is the key trade to look at here - where to take a position and how to manage it. But the lessons i have learnt through painful losses are probably as vaulable.
Trade active:
Closing in on 5000- hold the trade / DONT CUT EARLY
Bullish setup - cleared life high and then consolidating in a good range. Absolutely nothing to be done here if you are long - just be patient
If u missed buying this stock then the right level to buy is at the 21 EMA around 4800. DO NOT CHASE THIS STOCK HIGHER.
Take profits if you want to at 3 ATR from 21 EMA (around 5030) - long term holders continue to hold
Reload setting - beautiful base being formed here at 5000 - also calls are very cheap. Its worth a big shot as the probabilities are in ur favor

Buy 5100 - sell 5200 for a low cost of 20 bucks. 1 - 5 risk reward. If the stock goes below 4950 then u lose the whole amount - but this is a good trade from R:R point of view
Trade active:
Hopefully reloaded below 4950 - target now 5200 and beyond (LTH very close)

Calls are quite cheap (although now getting expensive)

Best advice ever - Cut your position size by half.

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