stockkar

watch for ath breakout

Long
NSE:MSUMI   MOTHERSON SUMI WRNG IND L
buy above 76 in intraday and swing
for swing keep sl below 70

This stock is not very liquid for intraday trades so keep sl little big and buy less quantity for Intraday.

For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.

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