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Target 1 Done | 28% Gain in 53 days | GoodluckTarget 1 Done | 28% Gain in 53 days | Goodluck The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction. Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.40 by a whisker. Whew. Goodluck formed another low risk pivot range, which eventually broke out on the upside. (Here, unfortunately I lacked the conviction to add at 277.) From this low risk entry point within 18 sessions, the stock went moved up by an excellent 44%. (Big lesson learnt and taken there) Overall volumes have not been healthy enough to propel the stock past the 400 round number. Let's see how the stock holds for the next 10 - 12 weeks. Thank you for checking out my content. What have you learned from these studies and updates. How will you apply and gain from it? If you liked these studies and have gained from it. FOLLOW for more !!! LIKE & SHARE if you found the idea useful !!!! COMMENT below with your questions, views and suggestions !!!
NSE:GOODLUCK
by amar_gr
Target 2 Achieved | +33% Gain in just 10 days | Dwarkesh Sugar This is the update to my earlier view shared on 14th Nov 21 on Dwarkesh Sugar. As on 14th Nov expectation was that 78.50 should be crossed in the coming two weeks. 10 days later the overall markets became weak. The above view was revised on 28th Nov indicating that 4-6 weeks of patience would be needed. It took a total of 7 weeks instead of initial anticipated 2 weeks of consolidation. Which was in fact a very good thing to happen. During these 7 weeks Dwarkesh traded in a narrow range. It printed more green days than red and also showed good signs of accumulation. Of the total 35 sessions, -18 bars were green and - 7 green bars had above average buying volumes. - Red bars majorly were showing below average volumes. All excellent signs of institutional accumulation. Also during these five weeks of consolidation two attempts at breakdown failed. Dwarkesh eventually neared the rising 200day sma support zone. With the second breakdown attempt failing above 200d sma, breakout above 74.50 was now needed for entry; The Trade Plan was revised as below for entry above the narrow range. Entry : On Breakout above at 75.40 Initial Stop Loss (ISL): Below @ 64.80 (SL based on structure) Note: Breakout above was needed with high volumes. On 4th Jan 2022, the breakout occurred and entry was triggered in the opening hour itself. The trading volumes within the first hour of open supported the rise and eventually made the stock hit the upper circuit by the close of the day. Thereafter Dwarkesh Sugar took just 9 sessions to return an impressive gain of +33%. Patience pays. Waiting it out for the right time until; A. the low risk entry exists B. in the right direction and C. at the right location is the key to winning the momentum game. Catching a momentum stock is much like waiting for the spring to be compressed fully. Then just jumping on the spring just before the pressure is released, will help one to fly higher with little effort. Can you see that pattern? What have you learned from these studies and updates, and how will you apply and gain from it? Thank you for checking out my content. Hope you liked It. 👇👇 Check my idea snapshot image dated : 14th Nov 2021 Click below and see the related idea titled: Dwarkesh Sugar: Will it break out to give a +30% gain? FOLLOW for more !!! LIKE & SHARE if you found it useful !!!! COMMENT below your views and suggestions !!!
NSE:DWARKESH
by amar_gr