Pidilite alltime high

If u see immediate support is very deep then just avoid that stock (for u deep is 10% below the Entry price) and search for u new one u have thousand of stock to find or search for a stock which has done break out just some days before and currently it is above the breakout level, put the stop loss just below the break out point for example :-
If a stock is near to breakout suppose previous high of xyz stock is 200 and its cmp is 195 and previous support is 180 then put that stock in watch list and when it break out @ 201-202 with volume just wait to go up some more, lets say 204-205, that is the level u should enter in trade with stop loss of 198-199 instead of stop loss of 180.

About the time frame if u see no movement in xyz stock from a long time u can exit at anytime.

About me I always search for a stock @ breakout level with maximum 10 % stoploss I am ok but it does not means I ignore the stock which has support @ 5 % or 2 %, I like those as well and for more than 10 % and below 15 % of stop loss stock I prefer when I am much confident about that stock.

 

Yeah...I got your point...thanks Sanjay.

 

Booked 40% @ 206

 

Pidilite is rocking man with volume.

 

Watch carefully volume is 844378 in just a sec
cmp is 210
block deal has done just .

 

Pdilite is rocking like a rocket getting near to my 2nd target.

 

Oh shit it already touched my 2nd target of 221 but I have not put exit for target, so waiting to touch 221 again.

 

Pidilite is again showing good pattern, last time I was not able to book my 2nd target and it hit my trailing stop loss.

Pidilite can buy @ cmp 207 with stop of 188 for the target of 222-238-247.

 

Finally pidilite moving now @ 213 and w breakout today.

 

I have @209.I want to keep this for longer time.

 

Pidilite blasted, booked 40% @ 222 1st target done