Rattan India has given a fantastic breakout on Weekly Timeframe. Wait for candle close and then build positions gradually as this is a positional trade. The volume spike has been the highest ever in this stock so that gives it more confidence. Wait for some retracement to get a better risk reward
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Weekly candle has closed strong. Enter only 10% quantity for now and wait for retracement
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Added 10% more quantity today
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Made a new swing high with good volumes. Add 30% more quantity and trail your stop to 60 now
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New swing high. Strong volumes on up-move
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Added 10% more quantity at 77
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Add 20% more quantity and trail your stop to 64 now
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Fantastic move. Now trail your stop to 72
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Add the last 20% quantity
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Move your stop to 75
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New ATH. Move your stop to 76
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Following an upward channel on daily timeframe. Currently taking support at the lower end of the same channel
@nishitvsoni No target for this trade. We just have to keep trailing until the structure is valid. Current trailing SL is at 60
hannahglory93
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pls mention with cmp and target
GaneshWadhwa
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@hannahglory93, The stock has entered uncharted territory so my advice would be to not think in terms of target. Whenever the stock forms a new base and breaks out, trail your stop to the low of that base. This is a positional trade meaning, you have to be with the stock till the point it's structure is valid.