NETWORK18 is ready to buy for positional trade.However stock has touched its upper circuit, let's see if it gives chance to get into the trade whenever it breaks the ciruit.
Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
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NETWORK18 trade ideas
Network18 - 10 year breakout - long setup10 year high break with huge volume makes this chart very interesting
Price on weekly is still a Bollinger band blast and on daily is close to its 20 Day moving average. Look to addd positions on dips as the Risk reward looks great, a price target above 120 in the first leg and the road upwards is unbarred
I would look to buy the dip!
Great chart set up !
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