APSTAGE2

Good long opportunity in LIKHITA

Long
NSE:LIKHITHA   LIKHITHA INFRASTRUC LTD
Why I like this structure?
1)Relative new listing - These always have more potential (look at Happiest Tech)
2)Uptrend structure even when market was pulling back
3)Good volumes on up days and low volumes on pullback days
4)Trending RS line (This is not RSI , I am referring to Relative Strength - Performance in terms of broader market)
5)Molality contraction seen in last few days
Trade closed: target reached: Exit 50% Positions as R/R > 2, Trail remaining positions on 20 DMA

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