A friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back.
Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well.
Normally I am long term investor, I don't go for short term trading. However, I wanted to try this stock for a short term trading and check if my methodalogy works?
Please share your point of view in your comments. I will be betting small amount (say 100 shares) on Monday, with Stoploss at 118 & target at 160 to 200.