Why Long ?
a) After several week consolidation, the price rise above 30% from consolidation and came down near to consolidation zone and having semi W pattern; Usually, rise after consolidation and coming down as pull back with W pattern forming the base indicates the bullishness in the stock. Howsoever SL is compulsory and depends on qty and risk ranging the SL from 5 to 15%.
b) Price and volume spurt.
Global economic situation is not good and SL is good even, if the stock is super duper good in fundamentals.
a) After several week consolidation, the price rise above 30% from consolidation and came down near to consolidation zone and having semi W pattern; Usually, rise after consolidation and coming down as pull back with W pattern forming the base indicates the bullishness in the stock. Howsoever SL is compulsory and depends on qty and risk ranging the SL from 5 to 15%.
b) Price and volume spurt.
Global economic situation is not good and SL is good even, if the stock is super duper good in fundamentals.