KNR Constructions Ltd: Momentum trade setup. Increasing buyer participation and institutional interest. Trending above short medium and long MA's. Happy trading folks NSE:KNRCON
“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
Meaning: A quote to remind you to focus on getting the trade to work first! Money is the reward, an outcome of a successful trade. Thinking solely about the reward will cloud your judgement.
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Trade active
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Stock on the move
Trade closed: stop reached
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As per SL level marked on the chart SL dot hit.
Comment
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Update: Post the SL hit I have slowly accumulated the stock in dips. Later when the Stock started trending, have pyramided on the way up. On 3rd Feb KNR Constructions has declared Bonus shares 1:1 so waited for the bonus shares to get credited which got today. Liquidated the position. Closed my medium-term position which I have accumulated and pyramided for max gains/ profits while carefully managing my risk. Will reenter if the stock sees momentum. Cheers@@)