SUNDRMFAST trade ideas
Stock for investmentGood evening friends today we are also going to express your opinion for stock for investment and the candidate is sundram fasteners limited Sundaram fasteners is on lifetime high and the last year I was 840 and if the 840 level is sustained by this is then you can not imagine that the kind of return this is stock is able to give in the future horizon will be at least 3 months and we are of the opinion that during 3 month you can at least si minimum rise of hundred points so we are only expressing your opinion and there is nothing like recommendation thank you thank you all
Sundram Fasteners 3yr Breakout Retest completedAuto ancillary sector is headed higher.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.