Dewan Hosuing : Buy

Jun 24, 2019

Dewan housing has already signaled by on RSI but we were waiting for 1 more day's confirmation. Bollinger band has supported at -2 SD . We'll trade it as mean reversion as market has bounced sharply from 60 and now trading near 78 ( below long term trendline on monthly chart).

Buy only in dip at 75-73 with stop loss below 67 for target 84 & 91

Jun 25, 2019

Trade active

made low of 74.40. call has got activated. cmp 76.50

Jun 26, 2019

Trade active

cmp 80.60. trail sl to 69.50

Jun 27, 2019

Trade active

posted high of 83.50 Trail sl to 75

Jun 27, 2019

Note

Today's close is extremely positive. Buy tomorrow at opening around 81.50-83 with SL below 77 for intraday TGT of 88-90-93

Jun 28, 2019

Trade closed: stop reached

After our achieving our first target of 84 trialing SL for triggered at 77. Traders got Rs 9 move ( 12%) in just 4 days. We are little bit greedy when it comes to profit but quickly book losses.
Follow first principle of Trading. Extend your profit and cut your losses.