The stock saw a good up move of approx 500 points i.e from 3450 levels to 3966 levels.
From the Past 8 Trading sessions stock has been moving in a range of approx 200 points.
Now there are two types of trades, that can take place
Support Trade :
Pros - good risk-reward ratio 😀
Cons - might get stuck in sideways move for a while, i.e it can test your patience.😌
Breakout Trade:
Pros: Immediate fast move.😍 i.e means immediate return, no patience-testing.
Cons: Low-risk reward ratio, fakeout can happen🤨
From the Past 8 Trading sessions stock has been moving in a range of approx 200 points.
Now there are two types of trades, that can take place
Support Trade :
Pros - good risk-reward ratio 😀
Cons - might get stuck in sideways move for a while, i.e it can test your patience.😌
Breakout Trade:
Pros: Immediate fast move.😍 i.e means immediate return, no patience-testing.
Cons: Low-risk reward ratio, fakeout can happen🤨
