📈How to Analyze a Chart - Important Factors to Observe 📈
#AWHCL
Antony Waste Handling Cell Ltd
It was a Base of around 6 months. The depth of the Base of 27%. Ideal depth is 20-25%.
The Chart becomes really interesting when it coils around the Pivot (Extreme Right).
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Contd...

The Entry and the Pyramid:
The entry was triggered as soon as the Minicoil was breached.
Stop Loss would have been the Low of day.
There was a wonderful Pyramid opportunity when the Pivot was broken.
Contd...

Pyramid More and Book Some Sweet Profits:
The stock retested on very low volumes, we could have pyramid our position on break of it's High. After all, we can only confirm a bounce once previous High is taken.
One should have definitely booked 1/3rd or 1/2 position once we got a good move.
Booking Partial profits is really important in Swing Trading as you need to keep locking in profits. Protecting profits is as important as protecting the Capital.
Contd...

The Vertical Move:
After a straight 50% move, I'd have booked all as the stock seems overextended from the 10/20EMAs
We can definitely plan to re-enter the stock if it sets up as a Flag.
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