DELTA CORP LTDLong
DELTACORP, How to trade it with low risk?
Dear Traders,
Today Delta-corp has given good breakout from channel pattern with good volumes. So, it is a buy call for tomorrow. But, it is almost 10% above the breakout line. So, first we put 50% of our money tomorrow. As risk management is most important so we then trade with Big SL of 10%. If it continuous to move further upside then we gradually trail our Stop loss and increase our quantity. It broke out from 7 month CONSOLIDATION time. So, we can expect big move in 1 moth or so.
Also put, GSFC in your watch-list as it traded with good volume in last week. Once it breaks 52 week high we can expect good move there too.
Have a good day Traders.
Today Delta-corp has given good breakout from channel pattern with good volumes. So, it is a buy call for tomorrow. But, it is almost 10% above the breakout line. So, first we put 50% of our money tomorrow. As risk management is most important so we then trade with Big SL of 10%. If it continuous to move further upside then we gradually trail our Stop loss and increase our quantity. It broke out from 7 month CONSOLIDATION time. So, we can expect big move in 1 moth or so.
Also put, GSFC in your watch-list as it traded with good volume in last week. Once it breaks 52 week high we can expect good move there too.
Have a good day Traders.
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