High probability trading : Antony Waste Handling Cell Ltd

5 окт. 2021 г.

AWHCL

Antony Waste Handling Cell Ltd:

• Fundamentals: Majorly waste management company based in Delhi and NCR region. Swacch Bharat Mission adds up great value to the company.
  
• Technical: Price has given Gap down opening few days before this is due to major investor has sold his position in the company. However,the theory says that the Gap will be closed in further days which we are accepting and taking a long position
  
  
• MAJOR REASON FOR HIGH PROBABILITY TRADING
  
  
• EMA: The stock is very close to its 100 days EMA
  
• Stochastics: Stochastic is in an oversold region which shows that we can go long position on this. (Below 20-Oversold)
  
  For all these reasons we consider it as High probability trading.
  Long position can behold till 395 and Stop loss is at 340 level with making Risk to Reward Ratio of 2 which is good money management in trading.