MUTHOOT FINANCE LTD
Long
Updated

Momentum Game

Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
In this case Traget is 6% & 15% from CMP. With SL of 6%

Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : On result day trail your SL at 15Min Time Frame
Note
Day Closed @ 1483
Trade closed: target reached
Target 1 @1525 Achieved on 1st April,2024 (Day high = 1585)
Trade closed: target reached
Target 2 @1651 Achieved on 3rd April, 2024 (Day High = 1662)

Disclaimer