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akashbothra
Apr 2, 2022 10:35 AM

TajGVK on verge of a breakout Long

TAJGVK HOTELS & RESORTS LTD.BSE

Description

1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop

after quarter sales growth of 126%, quarter profit growth of 1022% and after a consolidation since August 2020, BSE:TAJGVK has given a close at a new 52 week high. If the share starts trading above Rs.162 buy with a stop just below Rs.150. Next significant resistance comes at 185-190 zone.

Comment

TajGvk up by 7%. buy given on 2nd April.
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