The stock shot up one day post earnings. We can see massive volume accumulation in the past 6-8months. The whole sector is on an upmove. The company has very low debt and can multiply from here.
Moving along with sector.
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 20MA on Hourly chart (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.
Entered around 32.50 few days ago, n today gave ATH, now sky is open.. let's see how high this kite flies ! 😊
raavigeorgian
⋅
@Alhad, Yeah man! It'll scale much higher. Even ACE shot up quite well.
Alhad
⋅
our ideas so match (though I dont publish here that regularly), sotl, concor, v guard, pudumjee, ACE.... Good Analysis n clear; easy to understand charts. 👍👍
raavigeorgian
⋅
@Alhad, Thanks man! This kind of appreciation gets me going.