Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
JITFINFRA trade ideas
HOW TO CATCH & RIDE MULTIBAGGERSHello traders!
This stock has given 37x in just 5 months in its previous move which was the 1st move. Again it has close above 50ma ,20ma and 6ma after bouncing from its previous support or demand zone at 113. We can take entry at cmp with proper position sizing as the risk here is approx. 35%. To catch multibagger stocks we have to take that risk with proper sizing to deal with the fear in trading.
Stoploss should be kept below the previous support of 95 below weekly closing.
Targets are mentioned in the chart clearly. It can go up to 22x.
NOTE : Once we achieve the 1st target of 100%, we have to book 50% of our total position and forget the 50% for investment purpose. That is the funda of catching multibagger stocks.
DISCLAIMER: This analysis is for sharing my views and not be considered as trading recommendation.