*After reaching ATH it gets pull back to its prev.resistance lvl and also volumes are enough to support this pull back which indicates buying is seen from this level.
This strategy have 65-70% of success rate
Follow the FIVE rules below.
1)Book whole profit at TP if you want to free up capital
2)Stick to strict stoploss.
3)If you want to ride the momentum Use...
BSE:PERMAGN
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
📊 Script: PERMAGN (PERMANENT MAGNETS LTD.)
📊 Sector: Electrical Equipment
📊 Industry: Engineering
Weekly Time-frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Already Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given...
Blasted from Accumulation phase
strong buy in range of 95/100
target 300/400
sl below 65
trade not more than (2 to 5 ) % of your investment as risk reward is higher.
