FOR LEARNING PURPOSE
Late Post
MOTHERSON - The current price of MOTHERSON is 140.15 rupees (Now its around 143.70)
I am going to buy this stock (already bought today) because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with good volume
3. Its making a ATH now by going sideways for some good time. Also, its breaking 6-7 year resistance
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
7. The latest result is good (not that great)
So if you are weak heart, avoid it.
I have bought it with minimum target of 35-40% and then will trail after that.
My SL is at 120.85 rupees
I will be managing my risk.
Late Post
MOTHERSON - The current price of MOTHERSON is 140.15 rupees (Now its around 143.70)
I am going to buy this stock (already bought today) because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with good volume
3. Its making a ATH now by going sideways for some good time. Also, its breaking 6-7 year resistance
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
7. The latest result is good (not that great)
So if you are weak heart, avoid it.
I have bought it with minimum target of 35-40% and then will trail after that.
My SL is at 120.85 rupees
I will be managing my risk.