FOR LEARNING PURPOSE
DMART- The current price of DMART is 4297.60 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it has given a break of almost 1 and half years
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous and its promoter i.e, Radha Krishna Damani is multi billionaire
7. This company has been a underperformer for a long time but its trying to change now
8. Its a large cap company and in this volatile times, I am bit inclined towards large cap.
I am going to buy this on Tuesday (as Monday is holiday) with minimum target of 35-40% and then will trail after that.
My SL is at 3834 rupees
I will be managing my risk.
DMART- The current price of DMART is 4297.60 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it has given a break of almost 1 and half years
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous and its promoter i.e, Radha Krishna Damani is multi billionaire
7. This company has been a underperformer for a long time but its trying to change now
8. Its a large cap company and in this volatile times, I am bit inclined towards large cap.
I am going to buy this on Tuesday (as Monday is holiday) with minimum target of 35-40% and then will trail after that.
My SL is at 3834 rupees
I will be managing my risk.