HAVELLS : Re-entering into the position
I already had a position which I booked profits a few weeks back. The posts related to that position is attached underneath this post.
The price reversed back to my earlier entry levels. So I took a re-entry for about 1.25% of the net capital. Will add on to the position if the price falls down to the lower trendline of the diverging channel formed.
Planning to exit when price reaches the upper trendline of the channel, for a profit of about 12% on the current invested capital.
The price reversed back to my earlier entry levels. So I took a re-entry for about 1.25% of the net capital. Will add on to the position if the price falls down to the lower trendline of the diverging channel formed.
Planning to exit when price reaches the upper trendline of the channel, for a profit of about 12% on the current invested capital.
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