// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade. //
CMP / LTP: 990
TARGET: 1050 (25%+) // 1st Target (Follow me for 2nd Target)
STOP LOSS: 900 (10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects / gaps up after my buy call. If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be optimised.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis. - Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period, but if SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. - All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade / invest at your own risk.
Hi Amit, Is this script worth holding on.. Has dropped almost 15-20% from the peak but still above SL 900 ?
Amit_Padishalwar
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@thomasdaniel22, Hi I am not sure if you are following me on my Telegram, this call was in continuation with my earlier buy call on ROUTE. There has been some error in this posting which I can see now, but usually I recommend an exit at 15% Profit. This call hit around 16% target and came down and qualified as a good deal. However due to LC's people might have got stuck, I still recommend to hold with SL of 900; ROUTE is fundamentally and technically strong counter and should bounce back from lower levels very strongly.
thomasdaniel22
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@Amit_Padishalwar, Thank you for the detailed reply. Just joined your telegram channel..