@riteshtidke07, In stock market most wealth are created not overnight, but only over a period of time. Hence utmost patience with combination of discipline is required to become a pro trader in stock market. This might take several weeks - months, but definitely not in days. You can buy at CMP as it has just begun a new phase. But rem the discipline. Just in case for whatever reasons, if it falls below the stop loss level mentioned, you need to exit at the immediate possible opportunity; this is what I termed as discipline. Pro-traders get in slowly and get out fast.