Can we just keep going on?.
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From a weekly perspective, moved from 49.5 to 50.5. And a new 52 week high at 54.5. There is nothing much not to like the price action.
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So what is happening? This week it nearly played same as last few weeks. Similar play. rose from 49.5 to 50.5 on weekly. Made a new high at 54.5 this week. We follow the pattern an trend.
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For those think its a golden duck which can give for ever, now is the time to take a stock. Its an individual risk/reward. There is no reason the golden duck can lay golden eggs for ever.
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Personally, MTM has been good for me as I wrote last week. First, banking one bag from high teen to mid 30s. Then started buying in early 30s, with average 36 now, as I wrote last week. I wrote last week, my play is to make another 1 bag. But I will take what is, if things go bad. At this stage, thigs are looking good, Nothing much to add this week, because trading pattern has not changed. But I did cash out 50% at gain of 50%, just to bank myself. Stupid me. Or some may say - good one. How many stupid stocks I have to make - MTM stalwarts will like that for ever, rest, crucify me. Tomorrow we will know. Result, not the reason thoug,
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So what may happen next week? There are big players. And constantly winning. Can we continue this next week - Possibly, but I am watching, MTM play has become impossible to follow. One point I would like to make - which nealy I made last weak. Don't lose 45/
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