JAGRAN LONG Probability and Key Levels
/**
Caution::
This is just a PROBABILITY view based on my technical analysis of chart data of recent past...
Know your risks and prefer allocating <5% of Equity capital in any Smallcap stock.
Always Consult your financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
Setup::
-- RSI and Price channel Breakout with decent volume post tight range.
Accumulation levels..
-- Initial buy below 69 :: S/L 63 ( may be 2 % of my capital )
-- Scale up when price sustains @ 72 - 73 : S/L 65 ( another 2 % of my capital )
-- Scale-in more if price sustains/ retraces to 75 - 77 :: Trail S/L
(Always Prefer buying in small tranches)
Caution::
This is just a PROBABILITY view based on my technical analysis of chart data of recent past...
Know your risks and prefer allocating <5% of Equity capital in any Smallcap stock.
Always Consult your financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
Setup::
-- RSI and Price channel Breakout with decent volume post tight range.
Accumulation levels..
-- Initial buy below 69 :: S/L 63 ( may be 2 % of my capital )
-- Scale up when price sustains @ 72 - 73 : S/L 65 ( another 2 % of my capital )
-- Scale-in more if price sustains/ retraces to 75 - 77 :: Trail S/L
(Always Prefer buying in small tranches)
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