As the market has been super volatile, stayed away from trading. Anyways, Let's take a quick trade whenever opportunity presents itself.
Auto sector has the momentum.
Trade Setup:
Daily: formed double bottom, and chart structure changed from LH - LL to HL, with HH yet to be confirmed. Crossed 50 EMA & trend line, supported by strong volume during the up move.
Also, the stock took support multiple times at 13K INR (strong support).
Additionally, RS>0, outperforming Nifty50.
Entry = CMP (14600 INR) or add on dips until 13800 INR)
SL = 13000 INR
Target = 15000 INR (T1) and 16100 INR (T2).
10% gain in this trade at minimum.
Auto sector has the momentum.
Trade Setup:
Daily: formed double bottom, and chart structure changed from LH - LL to HL, with HH yet to be confirmed. Crossed 50 EMA & trend line, supported by strong volume during the up move.
Also, the stock took support multiple times at 13K INR (strong support).
Additionally, RS>0, outperforming Nifty50.
Entry = CMP (14600 INR) or add on dips until 13800 INR)
SL = 13000 INR
Target = 15000 INR (T1) and 16100 INR (T2).
10% gain in this trade at minimum.
Trade closed: target reached:
super trade.
target 1 and 2 reached. trade closed.
target 1 and 2 reached. trade closed.