The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Buy near the Support Zone (Green Box) with Initial S/L 75 Add more on price sustaining / retracing near 89-92 levels in 4HR+ timeframe. Trail S/L using SuperTrend Indicator. Note :: Small Cap Stock,,, prefer allocating <5% of your capital. As always, re-read Risk Management and consult a financial advisor.
Dolat Investments: Target - Rs. 104-112-124 SL - Rs. 87 Reasons: May breaking trend line; No major sale volume; and About to kiss its support! Disclaimer: -View expressed are of personal in nature. consult your financial advisor before taking any decision of investment -We are not SEBI registered
Either Buy now or wait for retracement levels at 82/85s levels then the risk reward will look more attractive SL 70s Target 120s Strong set up Keep it in radar
Dolat Investments - A stock with good fundamentals and a cheap price