Why Long ? a) After several week consolidation, the price rise above 30% from consolidation and came down near to consolidation zone and having semi W pattern; Usually, rise after consolidation and coming down as pull back with W pattern forming the base indicates the bullishness in the stock. Howsoever SL is compulsory and depends on qty and risk ranging the SL from 5 to 15%. b) Price and volume spurt.
Global economic situation is not good and SL is good even, if the stock is super duper good in fundamentals.