BUY GUIDANCE: Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
@light_kumar, It has bounced off from long term resistance turned support level of 360. Let's see how it unfolds in the coming weeks. [I personally believe this could be a multibagger]
shrisudan
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Thanks sir. Very clear . Have an long position on this early in the morning. Now realise your statement why to wait till 3 pm :). As cash buy will keep got target :)
raavigeorgian
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@shrisudan, thanks. This kind of appreciation gets me going.