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raavigeorgian
Jul 20, 2021 4:30 PM

Mangalam Cement - 3.5yr Rounding bottom  Long

MANGALAM CEMENTNSE

Description

The stock is showing exceptional momentum close to the long term breakout. Notice the Gap up in the latest weekly bar opening.

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)

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.

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
Sunny012
give your view on Bombay Dying
raavigeorgian
@Sunny012, Thanks for bringing to my notice. Seems like a good chart setup, just posted it.
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