Cruoso4u

HOW TO RIDE HUGE RALLIES & MOMENTUM!

Education
NSE:HFCL   HFCL LTD
Hello Traders!
This is a learning analysis for 'How we can capture momentum & ride huge rallies in stocks.'
I've taken the example of HFCL. As per the chart you can the current bullish candle closes above the green line (6ma). Whenever this happens near any support of demand zone or any moving averages stocks become bullish.
In this stock it is bouncing back from the 50 ma net(red - blue - red lines).
For SL we can keep it below the low of the current weekly candle.
Entry can be taken @cmp.

The 1st target considered is exactly 1:3 RR. Further move is expected in this trade. So SL can be trailed as per price action. How? If any weekly candle closed below the 6ma, SL will be exactly triggerd and we should exit there or should book partially.

For instance see the same chart during May-July. You'll see how it worked.

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