Knowablewisdom

CARE Ratings - Play the possible breakout -

Long
NSE:CARERATING   CARE RATINGS LTD
CARE Ratings Ltd - Oligopoly sector- Recent buy back at 515 - Dividend Yield - High OPM - Low BV vs peers -

Breakout level and expected levels are given - Practice Stop Loss Discipline - Capital Preservation First

Re-visit after a few years this one has legs.

- Not Advice or a solicitation to buy or sell securities -

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Breakout -first target - 640
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First Target Hit - Reduce 25% of position -
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Any retrace down to breakout zone should be used to add back sold position.
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Target 2 in play - reduce 25% position between 730-750
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Holding up well despite broader markets carnage. Target 2 (730) in play.
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Looks good consolidation and distribution around 650. Next leg up if it gets us to 750 sell 25%
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Close to 2nd target - Consolidation continues - Sell 25% at 730 -
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Principal investment removed - Hold as portfolio stock -

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