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AvinashGaikwad
Jan 18, 2017 3:03 PM

Momo setup/breakout setup Long

NSE:RAIN1W
RAIN INDUSTRIES LTDNSE

Description

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This stock running parabolic.

Its very good for short term play lets say next 5-10 days.

I prefer long side always as it showing breakout of 1 year.

Sl 54

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sl 60

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Sl 58

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SLl 64

Trade closed: target reached

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close partial and with SL update at breakeven

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raining

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sl 74

Trade active

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sl 82

Trade closed: target reached

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sell at 100

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25% bangged partial 50% bangged rest of shares.

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keep sl 100 for rest of shares

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moral of story.

never anticipate target.. let the stock tell the story..

learning from mistake.

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more than 9X gain from level suggested.. poor execution.
breakoutplay
Comments
AmitJain
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Hi Guys,

What would be a good entry point in this stock for a longish term perspective?

Cheers
AJ
AvinashGaikwad
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@AmitJain, buy at any price...buy good stock at any price as you are going to hold it long term..
asif06542
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sir, why u didn't wait for pullback, before entering.. was there any reason,? i am a begginer so asking for learning purpose..
Thank You...
AvinashGaikwad
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@asif06542, can you see the reason?
asif06542
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@AvinashGaikwad,
sir, after every breakout there is alaways a pullback, this is what i have experianced so far, nd i have read also, as the previous resistance becomes the support after breakout nd price comes back to those level to check the support..this is why i was expecting pullback to enter the trade..
Thank You..
AvinashGaikwad
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@asif06542, i am agree with you i red the same...but just think that if an big bull want to buy a stock then what>>... is he want to enter other people in stock or he pays whatever the price is ...

good stock pullbacks only on any bad news otherwise its very hard to wait for such opportunity... its my opinion ..



and FYI in this stock Dolly Khaana is main invester behind this rally..

regards
asif06542
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@AvinashGaikwad,
i got something to new to learn..
thank you sir..
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