-- Buy at current levels (136 -143) with Initial S/L 132
-- Add more near 152- 155 if price sustains and/or retraces to these levels.
-- Trail your SL using Super trend indicator or given FIB levels
-- Use FIB levels as targets depending on your holding time.
Conviction reasons::
-----------------------
-- Price broke two resistance trendlines with good volume and is nearing triangle APEX.
-- high delivery volumes seen last two weeks.
-- Momentum jump seen in RSI
/**
Caution : Smallcap Cement stock... Prefer allocating <5% of your capital.
Trade only if you know about what is Risk Management.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
-- Add more near 152- 155 if price sustains and/or retraces to these levels.
-- Trail your SL using Super trend indicator or given FIB levels
-- Use FIB levels as targets depending on your holding time.
Conviction reasons::
-----------------------
-- Price broke two resistance trendlines with good volume and is nearing triangle APEX.
-- high delivery volumes seen last two weeks.
-- Momentum jump seen in RSI
/**
Caution : Smallcap Cement stock... Prefer allocating <5% of your capital.
Trade only if you know about what is Risk Management.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Trade closed: stop reached