Darvas box breakout on daily and weekly chart. Volume is also supporting. buy above 212 SL 164 target 1:2 after 1:1.5 shift the Sl to the buying priceand then to the the bottom of next box and ride the trend.
Stock is trading near all time high which is perfect for Darvas box strategy. Stock is in uptrend and body of the last hammer candle closed above 38% which is a bullish sign. Best buy above 248. initial target 2:1, after 1:1 trail stoploss to purchasing prize. stoploss will be below this candle. High volume breakout is what is important for the trend to sustain.
Entry - 3366 SL - 3336 SL in Rs - 30 Max loss - Rs 500 Qty 500/30 = 16 Capital Rs 53376 Targets -: 1) 1:3, book 50% 8x3x30 = Rs 720 2)1:10, book 25% 4x10x30 = Rs 1200 3) 1:15, book 25% 4x15x30 = Rs 1800 Total Rs 3720 , 7% After 1st target trail Sl cost to cost and keep trailing at 1:3 ratio.
Entry - 2078 SL - 2053.50 SL in Rs - 24.5 Max loss - Rs 500 Qty 500/24.5 = 20 Capital Rs 41560 Targets -: 1) 1:2, book 50% 10x2x24.50 = Rs 490 2)1:4, book 25% 5x4x24.50 = Rs 490 3) 1:6, book 25% 5x6x24.50 = Rs 735 Total Rs 1715 , 4% After 1st target trail Sl cost to cost and keep trailing at 1:2 ratio.