raavigeorgian

Maharashtra Seamless - 9mth C&H BO attempt on good earnings

Long
NSE:MAHSEAMLES   MAHARASHTRA SEAML
The stock has tried to breakout in the past, but every time the selling has brought it down. Will it be third time lucky?

BUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: I reserve the right to be wrong.

DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.

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