Tried to buy once the breakout happened. It reversed heavily. Went against my rules of buying thinking this BO is valid. May be should have bought in accumulation stage of 868 or in the another breakout trendline. If you observe there is a good trendline BO. I know you are horizontal BO trader. Still remember your POLYCAB call :)
Kapil-Mittal
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@KalyanVaddagiri, I guess the reversal was temporary since many scrips witnessed heavy selling in the last trading session.
KalyanVaddagiri
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@ikapilmittal, True that sir, but there could be even IPO sellers who saw this opportunity to sell of their stocks. The volume is quite good. I am sure it will consolidate below this BO for some days before breaking the ATH high. Keeping on Radar. You can check Princepipes and BSE stocks also.
Maverick_777
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@KalyanVaddagiri, yes...I too want that it must consolidate...simple reason..nearby support formation...low SL...thus giving high risk reward! 🚀
Kapil-Mittal
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@KalyanVaddagiri, BSE is on my watchlist I was waiting for it to retrace but it didn't
KalyanVaddagiri
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@ikapilmittal, positive q4 news and power exchange open will move this stock further ! Expecting this to rally till 868 levels and then consolidate with some shakeout candles :)
Maverick_777
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@ikapilmittal, true that..look at rallis..i was scared as it was about to hit my SL...but left it with a margin🙏🏻 for now
Maverick_777
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@KalyanVaddagiri, ohh horizontal trader..yes yes..you remembered..🤗yeah because horizontal BO tend to fail much much lesser than oblique BOs. Anyways, so far the BO never happened as ATH so far is 935.7, it came closer but couldn't make out..but looking at the volumes...it will eventually after some brief consolidation.
dollyvenky
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Today its break and not sustain that level 935... Now its 907... What will be expect upcoming days..... Am buying 935 level...
Maverick_777
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@dollyvenky, My stop loss is 882..I have taken holdings according to that..I will wait still