The Sensex or Bombay Stock exchange has been hammered over 20% and I feel like their market is stabilizing and building a base. As we all now bottoming is a process and I hope to see sideways action after this rebound and a good way to play this market is TTM. I am going to open a half position and put a stop under the 200dma and will buy the rest above the 150dma. This offers good risk reward. Looking for a target for 38 to 40 by year end.
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