After a strong uptrend, NSE: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!
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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
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1:2 reached. Book 40-50% position as it has given good 30% move in 3 weeks. Hold for 1:3 and higher.