Look only at the weekly and monthly charts - daily charts fairly irrelevant here
A 10-15% rally could happen if the stock gathers some momentum and get volume behind it
Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures
The stop will need to be at a level of 580 or when the momentum dies out - whichever first
Trade active
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Keep holding - dont take profits early
Trade closed: target reached
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Traders can take off profits here - although the stock is still very bullish. I am taking off calls here and waiting for a pull back to buy July calls. If you are holding this stock in cash - there is absolutely NO REASON TO SELL IT - keep holding on till it crosses below the 21 EMA. As i say - Let the negative news keep piling up, let the analysts keep issues sell recos - you hang onto this stock till it decisively crosses and closes below the 21 EMA. Otherwise - its not trading - its just making the broker happy. (you have to take a minimum of 10-20% off every winner if not more)
Traders can take off profits here - although the stock is still very bullish. I am taking off calls here and waiting for a pull back to buy July calls. If you are holding this stock in cash - there is absolutely NO REASON TO SELL IT - keep holding on till it crosses below the 21 EMA. As i say - Let the negative news keep piling up, let the analysts keep issues sell recos - you hang onto this stock till it decisively crosses and closes below the 21 EMA. Otherwise - its not trading - its just making the broker happy. (you have to take a minimum of 10-20% off every winner if not more)
kunal_finner
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Okay - this baby is finally moving and clearing the overhead resistance. Lets hope to see 750+ soon. If it reverses then i will close out the idea - for now continue holding
kunal_finner
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generally the market is good at fooling people. many times I have sold only to see the stock continue rallying non stop. eg - ITC. so I use a simple system to tell me when to get out. it's called HOLP and LOHP(made popular by John Carter). it takes all the stress and guess work out. other way to do it is look at ATR bands. and sell if the stock closes below - 1 ATR. I setup sell alerts in TV itself. so no stress and no guess work. hope this helps
Naveen_Boga-Netha77
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sell it now.... because it is trading at resistance area now..... may fall to downtrend....
This is my view...
Thank you
kunal_finner
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@NaveenBoga, generally the market is good at fooling people. many times I have sold only to see the stock continue rallying non stop. eg - ITC. so I use a simple system to tell me when to get out. it's called HOLP and LOHP(made popular by John Carter). it takes all the stress and guess work out. other way to do it is look at ATR bands. and sell if the stock closes below - 1 ATR. I setup sell alerts in TV itself. so no stress and no guess work. hope this helps
AMIT-RAJAN
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Superb!👌
kunal_finner
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Nice little cup and handle pattern - continue to hold for 800
kunal_finner
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Continue holding till it shows weakness
kunal_finner
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Continue holding through results as results were good - targeting 700 now.