Another golden cross with United Spirits. GST kick?
United Spirits:
1. July 30 2012 - 50 day EMA crossed 200 day EMA at INR 712 and rallied upto 2600 during the next 21 months. More than a 3 bagger.
2. Oct 31 2014 - 50 day EMA crossded 200 day EMA at INR 2725 and rallied upto 4082 during the next 5 months. 50% gain.
Same situation is now repeating where 50 day EMA is crossing 200 day EMA as of June 28 2017 and we can buy around 2400. Lets see where it goes...
Disc: Invested and biased. Sharing for educational purpose only and not a solicitation to buy and sell.
1. July 30 2012 - 50 day EMA crossed 200 day EMA at INR 712 and rallied upto 2600 during the next 21 months. More than a 3 bagger.
2. Oct 31 2014 - 50 day EMA crossded 200 day EMA at INR 2725 and rallied upto 4082 during the next 5 months. 50% gain.
Same situation is now repeating where 50 day EMA is crossing 200 day EMA as of June 28 2017 and we can buy around 2400. Lets see where it goes...
Disc: Invested and biased. Sharing for educational purpose only and not a solicitation to buy and sell.
Trade active:
Stock is up around 10% from the initiation of this idea.
Stock is going to face significant resistance at 2640-2670 levels and any breakout above this level with good volumes can take stock to further higher levels.
I will not place a stop loss on this trade as long as 50 day EMA is above 200 day EMA and market is in a positive mood.
You can have a trailing stop loss at your convenience.
Disc: Invested and biased. Sharing for educational purpose only and not a solicitation to buy and sell.
Stock is going to face significant resistance at 2640-2670 levels and any breakout above this level with good volumes can take stock to further higher levels.
I will not place a stop loss on this trade as long as 50 day EMA is above 200 day EMA and market is in a positive mood.
You can have a trailing stop loss at your convenience.
Disc: Invested and biased. Sharing for educational purpose only and not a solicitation to buy and sell.