Entry - CMP (51.15) breakout was 47.3 Target1: 71.2 Stop Loss : 47.5 (Weekly Close). Deep SL 42.15 Will Update Trailing Stop loss whenever required. Duration : 1-2 months
Technical trade Stock is showing Flag and Pole breakout with increased Volume. Fundamentally Script is trading around Fair Valuation but since we are in bull market we can expect over valuation of low Debt companies too.
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Trade closed: target reached
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Target of 71.2 achieved and in specified time frame of 1 month.
View Closed.
High Risk Traders Can Trail Stop loss to 65 (Daily close basis) New Target 86.1
I would advise to book profits since Valuation are stretched and Stock has taken Vertical Climb so best is to book part profit even if your Risky Trader.
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I bought @46rs can i exit @70 ? or Would it be going up more ?
SagirKazi
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@syamgogineni999, its up to you if you want to book profits now.
Technical Target is close. So its wise decision to book the profits.
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federalMagpie90736
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Hi sir... First of all thank you for the wonderful chart. I have good QTY of this shares. Does this stock has the potential to cross ATH of 63 or will it bounce back once it reaches to 63. Pls reply sir. Thank you for your patience and efforts.
SagirKazi
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@federalMagpie90736, as per my view if stock crosses 60 this time it can quickly reach around 70.
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federalMagpie90736
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@SagirKazi, Sir... I booked Full QTY of shares 2500 QTY at 64. I am very happy for your analysis. I request you to pls post the revised chart with entry levels and targets. Thank you for your patience and efforts.
SagirKazi
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@federalMagpie90736, Fresh entry in this Script can be above 70 only. I would advise you to search some other script.
Also make sure you have proper Position sizing as per your portfolio size and Risk management. Even we are human and our trades goes wrong sometimes.
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Please like Share and Comment if you like our work.