The stock is following Bullish flag pattern, and has given good volume breakout
one can keep track for it to break the pattern or can buy at CMP of 224 around.
For sure shot buy, can be bought when it breaks the pattern.
Targets are very high, for any bullish flag pattern the targets is approx equal to the length of the flag, but the optimistic target is of 285 and 305++ within short time as soon it breaks the pattern'
Stop loss is below 208Rs, hence SL of 16Rs.
if your risk appetite is of 500 RS loss per Stock, then always follow positional sizing to buy the stock, which means buy 500/16= 31 Stocks'
Also one more thing to keep in mind is the Risk appetite i.e 500 Rs loss is generally up to 3% of the total capital invested in stock market.
Kindly use for education purpose only
one can keep track for it to break the pattern or can buy at CMP of 224 around.
For sure shot buy, can be bought when it breaks the pattern.
Targets are very high, for any bullish flag pattern the targets is approx equal to the length of the flag, but the optimistic target is of 285 and 305++ within short time as soon it breaks the pattern'
Stop loss is below 208Rs, hence SL of 16Rs.
if your risk appetite is of 500 RS loss per Stock, then always follow positional sizing to buy the stock, which means buy 500/16= 31 Stocks'
Also one more thing to keep in mind is the Risk appetite i.e 500 Rs loss is generally up to 3% of the total capital invested in stock market.
Kindly use for education purpose only