H P Cotton Textile Mills Limited
Pembelian
Diupdate

H.P COTTON MILLS BREAKOUT

140
HPCOTTON Looks bullish on charts after breaking a channel pattern.
Buying at CMP looks risky but the momentum is very high.
Wait for tomorrow's close and enter 30% of position if the momentum sustains.
Enter with rest of the position after retrace. Targets of 180-200 can be looked at given the momentum.



*SMALL CAP STOCK. RISK OF FAKEOUT IS HIGHER.
Catatan
UPDATE: Momentum is very bullish. Update targets to 220-240 and place trailing stoploss below 2 bar low on daily time frame.

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