Today My Last stock to pick is Thermax. So This stock crossed 52 week High price and Closed. This shows stock has bullish sentiment.
To add further strength it breaks out trendline resistance also. I think its a far price from both trendline and 52W high, So if I got a chance, I will invest in this stock on either trendline or at 52W high point.
Entry @ 2385- 2451
Stop Loss @ 2271
Target @ 2645
Please consider this idea for educational purpose
To add further strength it breaks out trendline resistance also. I think its a far price from both trendline and 52W high, So if I got a chance, I will invest in this stock on either trendline or at 52W high point.
Entry @ 2385- 2451
Stop Loss @ 2271
Target @ 2645
Please consider this idea for educational purpose
Trade closed: target reached:
Thermax gave nearly 2.19% profit in 1 day..so if you are very short term trader then you can exit. As Monday markets may have an effect of Jackson hole meeting outcome