Hey folks!
I have marked all the important levels along with the description.
This is my new concept which i have presented in the form of Buying Strategy.
Before moving further let me clarify the basic fundamental or basic requirement is that this will work in up trending stock or stock which is converting to an uptrend.
Reasons for picking this stock:
1.Reputed company
2.Improving Fundamantel
3.Growing capacity.
4.Logistic business demands never fades.
Now lets jump to the strategy:
Buying area is the lower level line of green channel.
Target is the next Buying area
Stoploss is lower level line of red channel
Risk reward Ratio 1:2
All the yellow marked circle marked in the chart represent the day which are important for reversal or further breakout.
Every target point is itself a fresh buying area.
I hope i have cleared everything in this idea but still if there is any doubt or questions, Feel free to drop a message or a comment.
I have marked all the important levels along with the description.
This is my new concept which i have presented in the form of Buying Strategy.
Before moving further let me clarify the basic fundamental or basic requirement is that this will work in up trending stock or stock which is converting to an uptrend.
Reasons for picking this stock:
1.Reputed company
2.Improving Fundamantel
3.Growing capacity.
4.Logistic business demands never fades.
Now lets jump to the strategy:
Buying area is the lower level line of green channel.
Target is the next Buying area
Stoploss is lower level line of red channel
Risk reward Ratio 1:2
All the yellow marked circle marked in the chart represent the day which are important for reversal or further breakout.
Every target point is itself a fresh buying area.
I hope i have cleared everything in this idea but still if there is any doubt or questions, Feel free to drop a message or a comment.
Komentar:
The stock is trading at breakout are with a potential target of Rs490 and Rs590.
Komentar:
Strong stock with upside scope even in the falling market
