InvestIn10

KALYANKJIL | Swing Long | R/R = 5.2

Giá lên
InvestIn10 Cập nhật   
NSE:KALYANKJIL   KALYAN JEWELLERS IND LTD
> Soon to Breakout
> Volume indication for Breakout exists
> For breakout confirmation it has sustain above 130
> Market conditions not suitable for rapid moves
> Target might need about 10 months

Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
Bình luận:
This is not the market for Swing Traders!
Almost all Stop Losses are being hunted down.

I'm still positive about this stock as I see that Momentum is intact

Bình luận:
Referring to the above chart:

>> Volume is on the higher side -> there is news of a block deal:
"block deals buzz of 2.74% equity exchanging hands in a large trade"
-> need to verify this news

>> Momentum indicators on RS and PE charts are intact
Bình luận:
Long still active.

I'm getting second thoughts over here.
This is giving serious heart burns, stock structure had great potential.

Might exit on next bounce, if the stock doesn't surprise me a lot on the up-side.

Bình luận:
On second thoughts! Delivery% data looking good.

Can wait longer!?

Bình luận:
seems to be getting some strength, but my Trading Zone indicator is in warning zone -> this is due to more than usual Pullback or degradation in Relative Strength. Now, the indicator will search for a local peak in price to suggest an Exit.

I have held this stock for about 4 months, with negative returns, for a momentum investor, this is a blunder -> cost of opportunity!

Once Exit Zone is identified by the indicator, I will look at the quality of the up-move in terms of volume/delivery and decide to whether I should continue holding, or exit.

Bình luận:
Momentum lost. Patience also lost!
Will exit if there is a better price or better stock found.


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