2380 1H Setup: 1- trend is bullish 2- volume is high 3- price is forming HL and then can continue into bullish run 4- next support is 11.14 5- Next Support is at 11.54 6- Entry Zones: -Zone1: 11.34 previous HH but price already passed it downwards -Zone2: Above 11.15, because of strong support + trendline influence
Entry : at current market price SL: 11.2 TP: 11.54 RRR: 1:2.5
@terminaltraders, thank you so much .. actually my purchase price is 45 ..is it possible for you to check weekly time frame for this stock ?
terminaltraders
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@Hulk703, this price was in 2008 & 2009, then this price was touched in 2012 & 2013, and final touch was in 2021. so you may need to wait for many years till this price can be reached again
Hulk703
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@terminaltraders, right .. it was in 2021 i was stuck and stll suffering .. do you see any chance it can reach this price in next 1- 2 year?
terminaltraders
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@Hulk703, i am a day trader so i dont look for long dates, but you need to know the company financials to understand whats going inside the company, in my personal opinion the only chance to reach this price is when company announces huge profits or a news of acquisition may appear. till now the company shares are dipping down more and more