Suggested by @monkmaxims Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes). Hopefully we'll see a breakout soon.
Moving along with sector.
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: I reserve the right to be wrong. For educational purposes only.
Gd Call. Been watching this stock for a few days. Shows great promise in the short term. Results on 27 May. My targets: 269, 297. Btw, I like your Note :)) Just let us know when you wish to exercise the right to be wrong.
raavigeorgian
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@punterpk, Thanks man! You could let me know the stocks you're watching and feel they show great promise. I could post a chart analysis.