buy bal pharrma at cmp 73.80 stop loss 69.95 target 3 times of risk. Can keep trailing with stop loss of parabolic sar or 5 SMA
it's not an investment advise to buy or sell
When price consolidate above 200 Day Moving Average and break the upper boundary with extremely high volume then high probability price continue the Trend. Our work is only Manage Quantity and Risk .
Note:
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...
BALPHARMA is somewhere at its potential BO where its good to but when it breaks its consolidation range for the targets mentions in charts it also taking support of 200 EMA with great volume ones it break its consolidation range can enter in the trade
CHART IS SELF EXPLANATORY
The stock has been consolidating in a range for 7 months and looks good positionally above 114.5 level for a target of 137
Learn & Earn,
Dr. Tanya Kumar
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not...
can wait for breakout or can take as probability of breaking up is high'
can partially book at 124
may reach 150+ in the long run
risk - very small cap
expected by when nifty is going to reach 16800
similar ideas are rcf and similar history of movement can compare with gati
disclaimer- this is not any investment call or idea , this just my view and it can go...
After good run up stock was consolidating near 50 DMA. Futher on 04-12 there was some increase in volume that has been bought into and stock has not corrected much. And on 05-12 it has closed at the highest point with volume higher than previous one.
It seems supply for the stock is over and any small demand can also take stock higher very fast.
It can be...
