#SCHAEFFLER India, 2515 great place to buy
Schaeffler India corrected around 32% from the highs of 3953 and now I am waiting it to touch 2515 which is 200 daily EMA support. If you look at the daily chart this stock never touched 200 daily EMA support and it can give good opportunity to people like me to enter with low risk and high reward setup. If I get entry around 2515 then my targets would be 1) 2860 2) 3000(being round number) 3) 3400 with SL of 2140 on daily closing basis. Once second target will be achieved I will offload some qty, bring SL to my cost and keep trailing so that I don't lose any money on the trade.
Always respect risk , happy investing :)
Always respect risk , happy investing :)
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