akashbothra

Sharda Cropchem taking support

Long
NSE:SHARDACROP   SHARDA CROPCHEM
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop

In 30 minutes chart SHARDACROP it's taking support at the trendline. Buy if it crosses Rs. 541 with a stop at Rs. 528 for a target of Rs. 580.

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