After a strong downtrend, and accumulation, NSE:PILITA broke out from its base and looks ready to start an uptrend.
Entering your entire position at current market price seems okay as the momentum buildup is prevalent. Good volumes and closing on breakout candle.
Stop loss placed below the swing low and targets are open. Any rejection near the pink region, exit your position.
This is a penny stock so risk and volatility is much higher. Stock can either fly or painfully retrace and then start the uptrend. High risk, high reward trade here, allocate capital that you wouldn't mind losing ENTIRELY.
Follow strict risk management. HAPPY TRADING!
Handel aktiv
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Upper circuit today! Hold and enjoy!
Trade stängt: målet nått
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1:2 reached. Although it is advisable to hold as price could hit continuous upper circuit in the coming weeks.
Handel aktiv
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Continuous upper circuit. Superb gain of 70% in 2 weeks. Exit as soon as there is some liquidity.