Baseontopofabase
Chambal Fertilizer - 3Yr Base on Base BreakoutThe entire sector is on the move. The volumes in this scrip are very high.
SL: Below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
POLYPLEX 9mth clean Breakout w/volPolyplex made a base on base.
Consolidated on low volume for 8 sessions before BO. (which confirms the BO)
The entire sector moved in the last week.
Hopefully the momentum will continue this week as well.
SL: Below the BO candle.
TGT: Don't sell until it breaks Hourly 20MA.