This stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum.
Place strict stop loss according to your risk appetite and holding period.
do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps.
This is not a recommendation.
this is my view for the stock I and urge you all to do your own research and analysis before investing.
Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key.
I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below.
Thank you see you soon with another idea.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum.
Place strict stop loss according to your risk appetite and holding period.
do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps.
This is not a recommendation.
this is my view for the stock I and urge you all to do your own research and analysis before investing.
Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key.
I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below.
Thank you see you soon with another idea.
Comment:
Going good with the analysis
Trade closed: target reached:
Book your profits and exit the trade. or keep your SL at cost and keep the scrip for long term. this stock is good one.
