10800 Bayankar Penny Stock Under watch
Reason for long
a) Long above 580 and after the formation of big bull candle only and closing above 580.
b) Dual set up formation a) ABC formation and another is cup and handle formation
c) Fundas are okay, but not great
d) Asset light business model
e) Expecting pre-election rally in this stock, but entry above 580 only otherwise skip this trade
f) SL and position sizing important
a) Long above 580 and after the formation of big bull candle only and closing above 580.
b) Dual set up formation a) ABC formation and another is cup and handle formation
c) Fundas are okay, but not great
d) Asset light business model
e) Expecting pre-election rally in this stock, but entry above 580 only otherwise skip this trade
f) SL and position sizing important
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