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raavigeorgian
May 24, 2021 5:14 PM

Sundram Fasteners 3yr Breakout Retest completed Long

SUNDRAM FASTNERSNSE

Description

Auto ancillary sector is headed higher.

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.


Comments
tradingbull97
For long term this might hit 1000+, thanks for sharing
raavigeorgian
@tradingbull97, True. Good company, good fundamentals.
lingeringdeep
@tradingbull97, make it 1200
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