Let's Dissect this chart:
1. A Clean PnF Breakout happened on 14 May
That's the day you don't need to trade, just keep in your watchlist
2. In Next 3 Days it move nowhere and didn't even broke the last day high.
3. On 20 May it broke the last day high, so I bought this trade around 1696 keeping my SL LOD around 3.7%
4. As it shoot up the same day I protected my breakeven point updated my sl to 1696 on the same day , just because current market environment is not holding friendly and price can fall rapidly anytime.
5. I sold today 70% as it went beyond 3R in just 3 days.
6. Holding Rest 30% with Stoploss low of the day.
Any Question is welcome.
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I clearly said on 27th Oct to avoid these names — here’s how they ended the week 👇
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🔻 #WaareeRTL — down 7%
🔻 #Moschip — down 7%
🔻 #HindCopper — down 3%
⚖️ #JaiCorp — flat
Identifying the strong theme will do 90% of your job.
Auto, Finance, PSU Banks, Metals and Data Centres
Near high stocks in these and done.
I am holding for example - BlackBox, Anant Raj and Netweb from the Data Centre space
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