MMP
MMP - Ichimoku Bullish Breakout Stock Name - MMP Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 175
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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MMP Industries bounces back1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
buy NSE:MMP with a stop just below Rs.190.
MMP industries to take long entryLong MMP industries above 88.75 first target 100 second target 110 SL 82. Stock trading in the channel. Once we got channel BO we can ride with the trend. Also on daily we have seen Bullish Engulfing candle to take long entry. This is for your educational purpose only.