raavigeorgian

Maharashtra Seamless - Very good R:R

Long
NSE:MAHSEAMLES   MAHARASHTRA SEAML

BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. 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.

Comments

whats ur view on BF UTILITY now, ur old post ?
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raavigeorgian light_kumar
@light_kumar, It has bounced off from long term resistance turned support level of 360. Let's see how it unfolds in the coming weeks.
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Thanks sir. Very clear . Have an long position on this early in the morning. Now realise your statement why to wait till 3 pm :). As cash buy will keep got target :)
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raavigeorgian shrisudan
@shrisudan, thanks. This kind of appreciation gets me going.
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