Xelpmoc Swing Opportunity

This has been consolidating for a while and gave a breakout once but failed and came back inside the triangle. I am personally going long in this stock for the levels mentioned.

This is my personal trade and I don't recommend anyone doing the same. Use your own analysis and risk management.


what if it retraces back to the level of 290-80, do you think it will be wise to hold it?
Roopesh80 jainpratyush
@jainpratyush, I average down my trade...if its a good company, nothing wrong with averaging down, but this is the system i follow. It might not be for everyone.
@roopesh80, yes I agree to you, I am following you from a while now and I like the way you trade and invest so just wanted to know more about how you think before taking up a trade, it’s bases, risk to reward ratio you follow etc.
Roopesh80 jainpratyush
@jainpratyush, ah ok, i try not to complicate things too much, i get into stocks and out of stocks fast, here'e what i do, as stocks value keeps going towards my target, i slowly start cutting down my position little by little....with regard to risk, i know that the company i'm buying will not end up like Lakshmi Nivas Bank or DHFL, so stocks won't become worthless, it would be advisable to study about a company if the stock price is low, and for swing traders profit targets are usually between 5-15%, but i only start booking profits above 20%....
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