Momo setup/breakout setup

173 7
This stock running parabolic.

Its very good for short term play lets say next 5-10 days.

I prefer long side always as it showing breakout of 1 year.

Sl 54
Jan 26
Comment: sl 60
Feb 01
Comment: Sl 58
Feb 03
Comment: SLl 64
Feb 06
Trade closed: target reached: close partial and with SL update at breakeven
Feb 07
Comment: raining
Feb 21
Comment: sl 74
Feb 26
Trade active
Mar 01
Comment: sl 82
Mar 05
Trade closed: target reached: sell at 100
Apr 06
Comment: 25% bangged partial 50% bangged rest of shares.
Sep 05
Comment: keep sl 100 for rest of shares
Nov 08
Comment: moral of story.

never anticipate target.. let the stock tell the story..

learning from mistake.
Jan 03
Comment: more than 9X gain from level suggested.. poor execution.


Hi Guys,

What would be a good entry point in this stock for a longish term perspective?

@AmitJain, buy at any price...buy good stock at any price as you are going to hold it long term..
sir, why u didn't wait for pullback, before entering.. was there any reason,? i am a begginer so asking for learning purpose..
Thank You...
@asif06542, can you see the reason?
+1 Reply
asif06542 AvinashGaikwad
sir, after every breakout there is alaways a pullback, this is what i have experianced so far, nd i have read also, as the previous resistance becomes the support after breakout nd price comes back to those level to check the support..this is why i was expecting pullback to enter the trade..
Thank You..
@asif06542, i am agree with you i red the same...but just think that if an big bull want to buy a stock then what>>... is he want to enter other people in stock or he pays whatever the price is ...

good stock pullbacks only on any bad news otherwise its very hard to wait for such opportunity... its my opinion ..

and FYI in this stock Dolly Khaana is main invester behind this rally..

+1 Reply
asif06542 AvinashGaikwad
i got something to new to learn..
thank you sir..
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