MOTISONS, positive outlook in coming daysNSE:MOTISONS
Again coming up with trade idea. tight consolidation in range of 3-4% within last 5-6 days. Price is taking support on short term EMA. Looks like weak hands are exiting. Breaking above the pivot line (22.08) could lead to significant push when crossing with good volume. Good volume is observed today.
SL is somewhere around 5-6% (Refer the long position drawn over the chart).
One can invest 10% portfolio size as per following calculations
Position sizing and managing risk is the key.
Portfolio is: 1,00,000
Position size: 10,000
Risk 5%: 500. Which means only 0.5% of overall portfolio value is under risk.
Stay connected for commentary for coming days.
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