SravanMac

Pull back series PT-1:Permagan

Long
BSE:PERMAGN   PERMANENT MAGNETS LTD.
*After reaching ATH it gets pull back to its prev.resistance lvl and also volumes are enough to support this pull back which indicates buying is seen from this level.
This strategy have 65-70% of success rate
Follow the FIVE rules below.
1)Book whole profit at TP if you want to free up capital
2)Stick to strict stoploss.
3)If you want to ride the momentum Use supertrend or Monthly MA(Length is based on your req) exit when hit.
4)Wait as long as it hits TP
5)Capital allocation depends on your self as it offer 1:4.
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