IDBI (***Attractive - hoping for breakout)

CMP = 40

Handle too k support at 0.382 Fib

Target 1 = 44 (10%)
Target 2 = 48 (20%)

SL = 38 (5%)
Trade active: Target 1 achieved. 10% returns .
Comment: This stick has the potential to break many targets ok the upside. Just ride the stock till where it goes and always keep a trailing StopLoss.
Trade closed: target reached: In 4 sessions 20% returns achieved.
One can still ride the stock for 55-60 however keep a StopLoss at 48 and trail it without fail.
Seal your profits always.


Is it still advisable to enter into this script at current market price?
+1 Reply
CautiousChartist Learnandgrow
@Learnandgrow, Yes. The momentum is strong. Look for 48 initially. However, always keep a SL if you are lucky to get the stock because profit booking might take place after the run up. If you can withstand the profit booking then keep holding for 50-55
In circuit stocks always keep a SL without fail. You don't want the stock to lock in a lower circuit.
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