Penny stock| Buy @ Rs 2.1 | Strict SL 1.8 | Tgt 4 to 7.3 Long

Description

⋅ Jun 16, 2017 6:09 AM

Showing RSI bullish divergence , previously took support at RSI TL & bounced !
Treat it as option trade ..Above 4 it can do 7.3

Trade active

⋅ Jun 19, 2017 4:06 AM

Buy triggered @ 2.1 , Pls keep tiny SL as mentioned on the chart

Trade closed: stop reached

⋅ Jun 20, 2017 3:50 AM

gone :(

Comments

SwingMaster

⋅ Jun 16, 2017 7:19 PM

Good analysis. However, fundamentals are too bad and for penny stocks, tech analysis is almost irrelevant as per my experience. Its in the RBI's radar for NPA issues. Let me know your views on this please.

prashanttejura

⋅ Jun 17, 2017 1:29 AM

@SwingMaster, Fundamental issues are already built into cmp !
On side note, please see this
twitter.com/prashanttejura/status/874455161506209792

SwingMaster

⋅ Jun 17, 2017 5:47 PM

@prashanttejura, thanks, lets see how it unfolds :)

prashanttejura

⋅ Jun 20, 2017 3:50 AM

@SwingMaster, u were right man !