stockkar

watch for swing high breakout

Long
NSE:RKFORGE   RAMKRISHNA FORGINS
this stock has given breakout of a range and than did pullback
and now again on verge of breakout.
next resistance is at 720.

buy above 671 in intraday and Swing for Swing stoploss is 600 day closing basis

For Intraday-
keep qty less as this stock is not very liquid.
For Stoploss use 5 minute chart and see nearest support.
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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