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.
bro appreciate your efforts, just wanted to clarify regarding the buy guide, what if the stock hits UC. probably it will affect our risk reward right ?
raavigeorgian
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@rebelinside, thanks for the appreciation. Your question is a tricky one. I'll try to answer to the best of my knowledge. There are proportionately huge number of stocks that drop by 3pm than the stocks that close at 20% UC. Hypothetically, if we were to trade all of them, we will end up losing much more than we'd gain. In case a stock hits UC, best thing one can do is let it go and find another stock. Or wait for a correction to enter. Because Risk Reward is the only thing that saves your capital.
hi raavi, am writing on unrelated note here but didnt have a choice. i am unable to msg you. it says i need more reputation points. so am stuck. not sure how i was able to ping u before. hoping that restriction gets lifted soon. just thought of sharing with you in a comment section. sorry to take up space here.