Stock of the Week: #Adanigreen
Entry Price: 1209.75
Position Sizing: 25%
Reason: On 27th Nov 2020, we had a very high volume & stock made a high of 1159.65 which is precisely the same previous day's closing price (26th Feb 2021). The stock fell approx 23% from that level and we may witness the fall again. We will place our buy above 1209.75 from where...
Stock of the Week: #Venusrem
Entry Price: 175.55
Position Sizing: 11%
Reason: Bounced back from 38.20% retracement. In the last hour, volume spike by 1427% with a 6% increase in price.
Weekly resistance breakout with good volume.
Fake Hanging Man candlestick pattern appeared on a daily chart (Retail Trap)
One can take long position with a short-term target of 273.35 & 288.60. The profit potential is 18%. Maintain a strict stop loss of 236.20 on a daily closing basis.