Ashoka Buildcon
Updated
1. There's a volume dryup on small ob area.
2. price keep tappinn and going back to retailer's profit booking area
3. This jump in price keep getting reduced and free-float shares also reducing
2. price keep tappinn and going back to retailer's profit booking area
3. This jump in price keep getting reduced and free-float shares also reducing
Note
Those punches are the long wicks that are throwing out the weak hands. Letting the weak hands book their profits Letting the weak hands who entered at the breakout exit and absorbing every free-float share so that the stock can move freely on the next attempt to breakout.
Understand how the algorithm is injecting liquidity and absorbing liquidity at the same time
Note
Exited full position at 254.
The trend might continue, might not
Because the fundamentals of the ABL CO is very strong
EPS growth is phenomenal, Quarterly result towards the end of FY24 came out to be blockbuster
Company is undervalued
It makes sense to carry it as a long term position if your portfolio allows
Reason for exit: I had exams starting from 9:30 AM so i had to book my profits at day opening
Takeouts:
1. Wait for the setup to appear and take it with full confidence
2. Keep the risk as per what you can lose not on what you can earn
3. Trust yourself if you see the setup
4. Know that exit plan is as important as entry plan
Happy Trading guy !
Trade closed manually
Exited full position at 254Note
CMP is 277 and it will not stop
1. Reason being the fundamentals of the company and gapup openings in the chart
A chart backed up with strong fundamentals and strong price action is a trade not to be missed
Will keep updated if i build any other position in any stock
Happy Trading Guys !
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