Pricol - Momentum play
A company so good..even its competition wants a piece of it (or all of it).
Minda Corp is aggressively trying to acquire a larger stake in the company to eventually look at a takeover..either amicably or hostile.
The stock could continue to trade at a premium because of the same..
The stock could break a wedge above 241..
Such plays require a lot more patience so a stoploss below 215 would seem better.
As an aggressive trade the SL would be 228..if it falls before it breaks out i'd ideally love an entry around 225 with a stoploss below 215.
Minda Corp is aggressively trying to acquire a larger stake in the company to eventually look at a takeover..either amicably or hostile.
The stock could continue to trade at a premium because of the same..
The stock could break a wedge above 241..
Such plays require a lot more patience so a stoploss below 215 would seem better.
As an aggressive trade the SL would be 228..if it falls before it breaks out i'd ideally love an entry around 225 with a stoploss below 215.
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