Long Swing Trade Idea #25 : Buy DHANUKA for NSE:DHANUKA by onerighttrade

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Buy DHANUKA only above 823 with Stop-loss at 739 for first target of 921. Idea is for 16th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is breakout

Trade active: IN trade

Trade closed: target reached: Target reached, closed 75% and stoploss for rest is at entry price

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Comments

Sir, I am holding 100 shares @ 875

Is there any chance it will reach r should I sell now?

Thanks in advance

seeekhar

@seeekhar, I am not having any positions on this now as we sold 75% at target and rest at entry price. I cannot advise you whether to sell or not because it is your money but remember whenever you enter, you should always have a plan where you will exit in case of profit or loss - both ways. But just to give you some idea, i will suggest you to look at this chart again. 739 was my original stop-loss, so if i were you who had been carrying this losing trade till now , i will give it a chance and see if there is any bounce to exit .... but if it trades below 739, i will immediately exit and take loss (that is my personal view, decision and responsibility is yours).

onerighttrade

@onerighttrade, thanks sir

Please let me know how you arrived the Target in this... Thanks

Ramindia

@Ramindia, you need to go one timeframe higher, look at weekly chart of the same stock and you will get the idea

onerighttrade

@onerighttrade, Yes, Got it. Thanks.