hellokj
Long

Buy the dip

NSE:JYOTHYLAB   JYOTHY LABS LTD
89 views
2
Bought the dip near 50 days EMA at 220.34 for a target of 244
Trade active: Selling at day's high in intraday and adding at dips to lower average cost.

The price is moving up in an ascending triangle formation with resistance at 217 so holding until the next breakout above 217.
Trade active: The stock is behaving well and the price is moving up
Comment: Price should move above the 50 DEMA at 215.7
Comment: Sold prematurely yesterday. Should have let winners run.

Bought in the premarket today at 217.2 and sold intraday for 226
Trade closed manually

Comments

Falling to 100 EMA will lower volumes compared to the previous day.

Will keep a stop loss around 202.7 (8%)
Reply
Stop loss should be maximum 8% below buy price or maximum 1% of your current trading capital.
Reply
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