1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop
after a long downtrend since June 2021, NSE:CHENNPETRO has given a high volume breakout today. The company posted a quarterly sales growth of 68%, quarterly profit growth of 141%, TTM sales growth of 60% and TTM profit growth of 135% in December quarter. Buy with a stop just below Rs.133.
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Up by 9%. Buy call given on 5th April.
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CPCL up by another 10%. Buy call given on 5th April. Partial profits can be booked here.
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CPCL doubled from initial buy within 1 month. If half quantity is sold then other half will be free.