After a strong uptrend,
AVADHSUGAR
formed and flag pole pattern from which it broke out today. Closing is strong and volume looks okay.
Enter 30% of position if it opens gap up and then enter the rest after a dip/retrace.
Stock has consolidated for quite some time so it won't fly in 1 week. Buy and hold for 1-2 months.
Price can again enter into consolidation mode after giving 5-10% move. Holding with patience is key.
Follow strict risk management. HAPPY TRADING!
AVADHSUGAR
formed and flag pole pattern from which it broke out today. Closing is strong and volume looks okay. Enter 30% of position if it opens gap up and then enter the rest after a dip/retrace.
Stock has consolidated for quite some time so it won't fly in 1 week. Buy and hold for 1-2 months.
Price can again enter into consolidation mode after giving 5-10% move. Holding with patience is key.
Follow strict risk management. HAPPY TRADING!
Comment:
Forgot to update about the retrace. Apologies. Hopefully you all entered at retest. Momentum looks bullish. Exit 70% position and trail stop loss after price reaches target.
Trade closed: target reached:
1:2 reached. Book 40-50% position as it has given good 30% move in 3 weeks. Hold for 1:3 and higher.