Analysis for educational purposes only. I am not a registered analyst.
This is continuation of:
Target reached today 24th Jan. what next? Possible options: - exit fully - exit partially
How to plan for exit? - Is there another target nearby? Yes there is. Join previous HH in monthly chart. - Do we see a breakout in another timeframe? Price is close to breakout in Monthly chart. If the wait till the month end is not risky, then possibly hold 2/3rd till either second target is reached or breakout fails. - If the breakout fails or reaches second target, can close another 1/3rd position
Stop Loss: It's still at the daily Higher Low. Enter/Hold a stock if we know our stop loss and are okay with risk associated with the computed loss.