stockkar

Intraday trade : watch for resistance bo

Long
NSE:RAJRATAN   RAJRATAN GLOBAL WIRE LTD
can buy above 1100 which is just above resistance

For Intraday-
keep qty less as this stock is not very liquid.
For Stoploss use 5 minute chart and see nearest support give some buffer as this stock gives some wild swings.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.

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