Pyramiding
Man InfraconstructionMan Infra:
Completed all Breakout gains post Falling wedge pattern break. Time to look for accumulating it on good levels:
Stock looks to take a throwback to 103 levels for now. A break below this give opportunity for accumulating this for an Infra based theme portfolio.
103
94.9
88.5
Consolidation is the time to accumulate a stockBharti Airtel has been consolidating for the past 1 year in the price range of 780 - 630.
This is the time to accumulate this stock and pyramid your position only when the stock given a weekly breakout above 780.
A weekly closing below 630 - 590 range will be our signal to exit the stock.
How to pyramid a stock ?Hi All,
Pyramid a winning trade is a very good idea to buy a stock that you already hold, than buying any new stock.
The market gives a lot of oppurtunities to enter in such a scenario.
I have marked all the important price points which are pullbacks on daily charts which can be bought by all the traders.
Ideally one should keep SL below the horizontal support and the low of the candle, and ride the wave till the move last.
This pyramiding can also give loss, so make sure the base is tight and maintain proper position sizing and risk manangement.
M&MFIN | Flag pattern for 18%M&MFIN | Flag pattern for 18%
CMP : 208 (Dip 198-200)
SL : 190
Target : 245,270
We already holding big trade in weekly time frame, its another opportunity for us to average or pyramid :)
