ACC – Bullish – Buy 1583 – SL 1618

[Navin]

Stock name – ACC Faced a bullish pattern on Feb 12th, with huge volume in it making it a considerable time to buy the stock at the price 1583. it kept moving up, Target 1660. SL would be considered as 1618.

[Balaji]

Dear Navin Sir,

Kindly request you to check your actionable tag.

I am once again repeating your trade plan here

ACC – Bullish – Buy 1583 – SL 1618, Target – 1660″

If the stock is bullish, why the stop loss is 1618, it should less than the entry price. Please check and confirm.

Also, kindly request you to mark the bottoms as HB. This is my humble request. It will be helpful for us to study and learn from your analysis.

[EQSIS]

I REALLY APPRECIATE THIS HEALTHY DISCUSSION…

[Navin]

Dear Balaji,

The idea is that, there are buyers who has bought the stock at 1618 after it falls from 1650.

So if the price falls from the previous buyers, the probability of it going down is greater and hence the stop-loss if fixed as 1618 to be more cautious for the profit, i have set to that limit not wanting my stock to go below that.

Thanks for spending time with my analysis 🙂

Feel free to get back anytime.

Cheers!

[Author]

Posts