Jay Shree Tea Breakout
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since August 2021,
JAYSREETEA has even a high volume breakout today. The reason behind this breakout is Sri Lanka crisis. The tea industry in India has started getting export enquiries from the markets where Sri Lanka used to sell teas. "Almost all tea processing units in Sri Lanka are witnessing power cuts for almost 12-13 hours a day and have not enough fuel to run their generators. This is leading to production disruption and thereby impacting the quality of black tea leaves," said Dipak Shah, chairman, South India Tea Exporters Association, who was in Colombo a few days ago. To learn more about the situation please follow the link economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/sri-lanka-crisis-sends-global-demand-for-indian-textiles-and-teas-soaring/articleshow/90695867.cms
buy with a stop just below Rs.100.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since August 2021,
JAYSREETEA has even a high volume breakout today. The reason behind this breakout is Sri Lanka crisis. The tea industry in India has started getting export enquiries from the markets where Sri Lanka used to sell teas. "Almost all tea processing units in Sri Lanka are witnessing power cuts for almost 12-13 hours a day and have not enough fuel to run their generators. This is leading to production disruption and thereby impacting the quality of black tea leaves," said Dipak Shah, chairman, South India Tea Exporters Association, who was in Colombo a few days ago. To learn more about the situation please follow the link economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/sri-lanka-crisis-sends-global-demand-for-indian-textiles-and-teas-soaring/articleshow/90695867.cmsbuy with a stop just below Rs.100.
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