Hudco is forming a wonderful set-up, It is taking solid support at Ascending TL as shown in the chart and also it has given Triangle pattern BO which gives double confirmation to enter on the long side.
Risk is very simple 5 % below the Trend line and Returns would not be less than 50%.
Mantra: > We will only enter a trade when there is low risk and high reward.
Sir on Monday I intend to buy some positional quantity (10000 shares ) around 50-52 zone in a staggered manner.
Can I expect 58 price before the annual budget. Expect a 5 rupee profit. Should I bet it.
Pratik_Barchha
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@papakjo, You should wait for the price to come down near trend line ..
If you can keep SL below Trend Line then you can go for it ,its on your risk appetite .