Hello traders!
This stock has given 37x in just 5 months in its previous move which was the 1st move. Again it has close above 50ma ,20ma and 6ma after bouncing from its previous support or demand zone at 113. We can take entry at cmp with proper position sizing as the risk here is approx. 35%. To catch multibagger stocks we have to take that risk with proper sizing to deal with the fear in trading.
Stoploss should be kept below the previous support of 95 below weekly closing.
Targets are mentioned in the chart clearly. It can go up to 22x.
NOTE : Once we achieve the 1st target of 100%, we have to book 50% of our total position and forget the 50% for investment purpose. That is the funda of catching multibagger stocks.
DISCLAIMER: This analysis is for sharing my views and not be considered as trading recommendation.
This stock has given 37x in just 5 months in its previous move which was the 1st move. Again it has close above 50ma ,20ma and 6ma after bouncing from its previous support or demand zone at 113. We can take entry at cmp with proper position sizing as the risk here is approx. 35%. To catch multibagger stocks we have to take that risk with proper sizing to deal with the fear in trading.
Stoploss should be kept below the previous support of 95 below weekly closing.
Targets are mentioned in the chart clearly. It can go up to 22x.
NOTE : Once we achieve the 1st target of 100%, we have to book 50% of our total position and forget the 50% for investment purpose. That is the funda of catching multibagger stocks.
DISCLAIMER: This analysis is for sharing my views and not be considered as trading recommendation.
