RajRatan Global WireNSE:RAJRATAN
Daily Tf
b/o with high volume followed by pull-back.
looks good for longs.
RAJRATAN
Rajratan Global Wires LongEntry: 1100
Stop Loss: 8% from the purchase price. Re-enter in case of shake-out.
Target: At least 20 - 25%. Trail in case of momentum loss.
Background:
1. 60% Annual EPS Growth
2. Good Institutional Support
RAJRATANNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Intraday trade : watch for resistance bocan buy above 1100 which is just above resistance
For Intraday-
keep qty less as this stock is not very liquid.
For Stoploss use 5 minute chart and see nearest support give some buffer as this stock gives some wild swings.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
