ALKYLAMINE

1) Wedge pattern breakout happen on end of previous month, retesting its previous breakout
2) Nearby horizontal support level at 3894
3) Average volume seen in past six candles
4) Broke the previous swing high

I have placed GTT order @ 4150. If GTT not triggered on tomorrow, will move trigger price to 3990 (3.86 %)
REWARD: 12%
RISK: 7%

Trade active

BUY @ 4155

Note

stock took support near 4000 level.

Note

it broke both trending line support and also horizontal level with huge volume. some sort of negativity in stock. will exit if it reach 3810
good stock to hold i will exit at above criteria and reenter when i see a momentum.

PROS (from screener.in)
*Company has reduced debt.
*Company is almost debt free.
*Company is expected to give good quarter
*Company has delivered good profit growth of 42.85% CAGR over last 5 years
*Company has a good return on equity (ROE) track record: 3 Years ROE 39.35%
*Company has been maintaining a healthy dividend payout of 18.59%
*Company's median sales growth is 21.93% of last 10 years

Trade closed: stop reached

tibud8

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tibud8