#NewPosition - LONG in #GENUSPOWER at 323.93
stop 2%
Target: https://t.co/YkUjlpmcq6
Disc: Not a buy recommendation. Do NOT copy and lose your capital because you are very likely to.
Current Holdings:
#APOLLO#QUADFUTURE#BHARATCOAL
The feedback is still weak. Most stocks move for just 1–2 days and then reverse. Out of 10 stocks, only 2–3 are giving good follow-through. If you catch those few winners, the market may look good, but overall the broader market is still not participating and continues to remain weak.
Even today, most water stocks didn’t move even though they had good looking setups. I didn’t take any trades because EIEL, EMS and DENTA were all down bases. Most of the time I avoid trading down bases as they tend to have a lower success rate.
From now on, I’m planning to book half once a stock moves 7–10%, then hold the remaining position with the SL at cost and trail it. This is how I’ll manage my trades until the market feedback improves.