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raavigeorgian
May 16, 2021 3:31 PM

SHIVATEX - 2.5yr Head and Shoulder Breakout Long

SHIVA TEXYARN LTDNSE

Description

Suggested by @ravihit957
Closed on the high in a down week.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA

TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis).


BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: For educational purposes only. I reserve the right to be wrong.



Comments
ravihit957
PE- 31.45
mkt cap.- 261.13
ROE- 7.26
Revenue & profit is increasing from last 3 quarters.
ravihit957
thanks for the chart
raavigeorgian
@ravihit957, If possible, please comment MktCap, D/E Ratio and Cash reserves. Thanks.
ravihit957
@raavigeorgian will love to do that
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