Swing Trade Buy Shalimar Paints Breakout

2023년 5월 24일

Initial Scan

Shalimar Paints appeared in the initial scan because
1. Strong close within the range of 4 days.
2. Liquidity criteria.
3. Strong gain for the day.

Trade
1. It has broken anchored VWAP from the first significant pivot.
2. It has cleared the resistance zone.

Management
1. Set the first target at 172.
2. Set stop loss based on close below 10 ema.